* § 97-jj. Not-for-profit short-term revolving loan fund. 1. There is hereby established in the joint custody of the comptroller and the commissioner of taxation and finance a fund to be known as the not-for-profit short-term revolving loan fund. Such fund shall consist of moneys made available pursuant to appropriation and any other sources in order to provide support for prompt contracting with and payment of not-for-profit organizations.

Terms Used In N.Y. State Finance Law 97-JJ*2

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization

2. Moneys of the fund may be expended pursuant to section one hundred seventy-nine-z of this chapter. Moneys shall be paid out of the fund on the audit and warrant of the state comptroller pursuant to such section.

* NB There are 2 § 97-jj's

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