Sec. 150.10. Administration

(a) Service award programs shall be administered by the State Comptroller unless the comptroller retains an administrative service agency or financial organization to administer the programs. Upon receipt of a notice of adoption of a service award program the Office of the State Comptroller shall notify the chief executive officer of the sponsor of the name, address and telephone number of the administrator and, if the administrator is not the State Comptroller, forward one copy of the notice of adoption to the administrator. In the event that there is a change in the identity of the administrator, the Office of the State Comptroller shall notify the chief executive officer of each sponsor of a service award program of the identity of the new administrator.

(b) The administrator shall:

(1) prepare a standard form of program document which shall be utilized by all program sponsors;

(2) prepare all forms necessary for the administration of the program;

(3) compile and maintain all records required for the administration of the program, including records of participant account balances;

(4) prepare and distribute to participants, ambulance companies and sponsors reports and program summaries as required by this Part;

(5) if the comptroller is not the administrator, prepare and furnish to the comptroller such reports as the comptroller may require;

(6) record and process contributions made by program sponsors;

(7) approve applications for distributions of service awards;

(8) record and process distributions of service awards;

(9) withhold all taxes and prepare all tax reporting forms required by Federal, State and local law; and

(10) perform such other functions as may be required by or pursuant to article 11-AA of the General Municipal Law and this Part.