21 CRR-NY 5907.5NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 21. MISCELLANEOUS
CHAPTER LXVII. NEW YORK STATE SCIENCE AND TECHNOLOGY FOUNDATION
PART 5907. PROMPT PAYMENT POLICY
21 CRR-NY 5907.5
21 CRR-NY 5907.5
5907.5 Exceptions.
Payments are not eligible for interest when they are due and owing by the foundation:
(a) under the Eminent Domain Procedure Law;
(b) as interest allowed on a judgment by a court pursuant to any provision of law other than section 2880 of the Public Authorities Law;
(c) 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, 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; or
(d) in situations where the foundation exercises a legally authorized setoff against all or part of the payment due the contractor.
21 CRR-NY 5907.5
Current through June 30, 2021
End of Document