New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 2. Department of Audit and Control |
Chapter I. Audit of Revenues and Accounts Payable from State Funds and Funds Under Its Control |
Part 22. Prompt Contracting and Interest Payments for Not-for-Profit Organizations |
Sec. 22.3. Agency notification with respect to renewal contracts
Latest version.
- A State agency administering a contract subject to this Part, shall, as required by section 179-t of the State Finance Law, provide written notice by mail (including the use of electronic mail) to the not-for-profit organization of its preliminary determination whether or not to renew the contract. Such notification must be provided no later than 90 days prior to the end of the contract or 30 days after an appropriation providing funding for continued payments shall become law, whichever is later. Where a State agency fails to provide such notice by the required date, the existing contract shall be deemed to be extended until 90 days after the date the State agency provides the not-for-profit organization with the required notice. The not-for-profit organization shall be entitled to payment consistent with the terms of the existing contract and may submit invoices or vouchers to the State agency on billing cycles consistent with those applicable to the existing contract. The State agency shall then submit the necessary documentation to the comptroller in order for payment to be processed. The not-for-profit organization shall be entitled to interest under article IX-A of the State Finance Law to the extent that payment is not timely made as provided in such article IX-A, which relates to the prompt payment of contracts.