N.Y. Executive Law 501-D – Grants or gifts
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§ 501-d. Grants or gifts. The director of the division for youth, with the approval of the governor, may accept as agent of the state any grant, including federal grants, or any gift for any of the purposes of this article. Any moneys so received may be expended by the division for youth to effectuate any purpose of this article, subject to the same limitations as to approval of expenditures and audit as are prescribed for state moneys appropriated for the purposes of this article.
Terms Used In N.Y. Executive Law 501-D
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.