§ 660. Expenditure of funds. All moneys appropriated for the Corporation, or derived from other sources in the course of the administration thereof, shall be expended upon vouchers approved by the president as the chief administrative officer of the corporation, or by such employees of the corporation as shall be designated by the president by a rule or written direction filed with the Comptroller, when and in the manner authorized by the board.

Terms Used In N.Y. Education Law 660

  • Board: shall mean the board of trustees of the New York state higher education services corporation. See N.Y. Education Law 651
  • Corporation: shall mean the New York state higher education services corporation. See N.Y. Education Law 651
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • President: shall mean the president of the corporation. See N.Y. Education Law 651
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