§ 104. Examination and inventory of state securities. The comptroller, from time to time, shall examine the securities on which money may be due to the state, and make inquiries relating to the sufficiency of the security for the payment of such money. He shall require the immediate payment of all interest due, and the payment of such part of the principal as he deems necessary for the security and interest of the state. The commissioner of taxation and finance and the comptroller, jointly, at the close of each fiscal year shall make an inventory of all securities belonging to the state in duplicate and file it with the department of taxation and finance and the department of audit and control.

Terms Used In N.Y. State Finance Law 104

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
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