Sec. 7.2. Contracts, prior approval by Comptroller

(a) Before any contract made for or by any State department, board, officer, commission or institution, shall be executed or become effective, when such contract exceeds the amount set forth in section 112 of the State Finance Law, or in the case of the State University, those amounts set forth in section 355(5) of the Education Law, or whenever an amendment to a contract causes such contract to exceed the statutory threshold approval amount, it shall first be approved by the Comptroller and filed in the Department of Audit and Control.

(b) Each contract shall be writing and of a form satisfactory to the Comptroller and shall contain certain general clauses which have been approved by the Attorney General and the Comptroller, commonly known as Appendix A to State contracts, which may be amended by them from time to time.

(c) All required copies of the contract and signature pages signed by all parties thereto shall be submitted to the Comptroller for approval accompanied by advice as to appropriation chargeable. For bid requirements on competitive awards see section 7.1 of this Part. The Comptroller's contract number will be assigned and affixed to each copy of the contract and one copy thereof retained for the Comptroller's files. In addition, all signature pages must include the Comptroller's contract number.