21 CRR-NY 4214.5NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 21. MISCELLANEOUS
CHAPTER L. NEW YORK STATE URBAN DEVELOPMENT CORPORATION
PART 4214. PROMPT PAYMENT POLICY STATEMENT
21 CRR-NY 4214.5
21 CRR-NY 4214.5
4214.5 Miscellaneous provisions.
(a) Amendment of policy statement.
UDC shall have the power to amend this policy statement by promulgating amended rules and regulations from time to time.
(b) Public access.
UDC shall make available to the public, upon reasonable request, copies of this policy statement and the report described in section 4214.4(b) of this Part. Each contractor doing business with UDC shall be given a copy of this policy statement.
(c) Inapplicability of statute.
The statute authorizing this policy statement (section 2880 of the Public Authorities Law) shall not apply to payments due and owing:
(1) under Eminent Domain Procedure Law;
(2) as interest allowed on a judgment rendered by a court pursuant to any provision of law other than those contained in section 2880 of the Public Authorities Law:
(3) to the Federal government; to any State agency or its instrumentalities; to any duly constituted unit of local government including, but not limited to, counties, cities, towns, villages, school districts, special districts or any of their related instrumentalities; to any other public authority or public benefit corporation; or to its employees when acting in, or incidental to, their public employment capacity; and
(4) in situations where UDC exercises a legally authorized set-off against all or part of the payment due the contractor.
(d) Legal process.
UDC is under no liability to pay interest penalties pursuant to section 2880 of the Public Authorities Law after a contractor has filed a claim or given notice of an intention to file a claim or has commenced legal action for payment of interest.
21 CRR-NY 4214.5
Current through September 15, 2021
End of Document

IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.