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Opinion 92-1
… or statutory amendments that bear on the issues discussed in the opinion. PUBLIC CONTRACTS -- Retained Percentages … (collection of interest on securities deposited in lieu of); (mandatory nature of withdrawal provisions); … of appropriate securities); (submission of securities in excess of amount to be withdrawn); (substitution of …
https://www.osc.ny.gov/legal-opinions/opinion-92-1Opinion 95-30
… grants or bequests in the form of a true trust are subject to the "prudent investor" provisions of Estates, Powers and … Prior inconsistent opinions are superseded. You inquire as to the authority for public libraries to invest moneys raised by taxes, and non-tax moneys, such as …
https://www.osc.ny.gov/legal-opinions/opinion-95-30Opinion 94 - 23
… shall be acknowledged or proved in the same manner as a deed to be recorded. [Emphasis added]. Thus, section 170(1) … shall be acknowledged or proved in the same manner as a deed to be recorded. [Emphasis added]. Under section 170(2), … shall be acknowledged or proved in the same manner as a deed to be recorded. * * * Under this section, joint town …
https://www.osc.ny.gov/legal-opinions/opinion-94-23X.7 Overview – X. Guide to Vendor/Customer Management
… relationship between customers, such as a large company with several subsidiaries that have financial relationships with Business Units. The use of Customers is required for …
https://www.osc.ny.gov/state-agencies/gfo/chapter-x/x7-overviewIX.10.A Federal Treasury Offset Program (TOP) Purpose and Scope – IX. Federal Grants
… to an agency of the federal government that remains unpaid for a period of 180 days shall be referred to the U.S. Department of Treasury for appropriate action. The Department of Treasury is … empowered to withhold or reduce certain federal payments for the purpose of collecting delinquent non-tax debts owed …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix10a-federal-treasury-offset-program-top-purpose-and-scopeXI-A.7 Electronic Purchase Order Authorization and Purchase Order Dispatch – XI-A. Purchasing
… Financial System (SFS) to create, approve, and dispatch Purchase Orders (PO). The purpose of this section is to … and Transaction Preparation: Electronic Authorization of Purchase Orders Online agencies use the SFS to electronically … auto-sourcing POs, please see Section 6 - Auto-Sourcing Purchase Orders of this Chapter. Electronic Purchase Order …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xia/xi-a7-electronic-purchase-order-authorization-and-purchase-order-dispatchLoan Payroll Deductions – Enhanced Reporting
… Once a loan has been approved and a check is sent to the member, you … will receive a notification letting you know that their loan deduction has changed. The notification will provide a link to the Loan/Service Credit Purchase (SCP) Deduction page in …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/loan-payroll-deductionsXII.5.B Unique Invoice Number Requirements – XII. Expenditures
… situation when making a partial payment due to a partial delivery. Partial payments should rarely occur because … payment against invoice number 123 due to a partial delivery. The Business Unit can enter invoice number 123 into …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii5b-unique-invoice-number-requirementsState Comptroller DiNapoli Statement on Passage of Legislation Increasing Oversight of Industrial Development Agencies (A.07915/S.05867)
… help private businesses grow and expand. The importance of economic development in our state demanded that we come up with better methods to evaluate IDAs and the projects … that are receiving tax breaks. By increasing scrutiny of IDA project applications and requiring project agreements …
https://www.osc.ny.gov/press/releases/2015/06/state-comptroller-dinapoli-statement-passage-legislation-increasing-oversight-industrial-developmentDiNapoli, James and Garnett Announce Sentencing in Straw Donation Scheme
… Thomas P. DiNapoli, Attorney General Letitia James and New York City Department of Investigation Commissioner Margaret Garnett announced the sentencing of … their continued commitment to justice.” “Corrupting the election process is a crime that deserves a serious penalty," …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-james-and-garnett-announce-sentencing-straw-donation-schemeFinancial Literacy
… empowers New Yorkers with skills knowledge and education to make informed decisions with their money …
https://www.osc.ny.gov/financial-literacyEmployer Graded Rate Contribution Calculation
… 2017-2018: Signed into law on June 27, 2017 as Chapter 48 of the Laws of 2017 – A.2384 (Abbate) / S.4759 (Golden) – Provides … graded contribution rate when amortizing a portion of their contributions to the retirement system. Memo Bill … graded contribution rate when amortizing a portion of their contributions to the retirement system …
https://www.osc.ny.gov/legislation/employer-graded-rate-contribution-calculationControls Over Equipment
… correctly in FAM. However, H+H officials could not account for 18 of the remaining 75 items. According to FAM, these 18 … including: 600 infusion pumps, purchased collectively for $1.7 million, were recorded in FAM as one item without … four physiological monitors. An HP computer was purchased on August 27, 2009 for $1,547. We attempted to locate the …
https://www.osc.ny.gov/state-agencies/audits/2019/01/09/controls-over-equipmentControls and Accountability of Court, Trust and Bail Funds
… Purpose To determine if New York City Department of Finance accurately accounts for Court, Trust and Bail … all moneys paid into the New York City courts be forwarded to the City's Department of Finance (Finance). These moneys … To determine if New York City Department of Finance …
https://www.osc.ny.gov/state-agencies/audits/2014/04/16/controls-and-accountability-court-trust-and-bail-fundsAssessment and Collection of Selected Fees and Penalties
… 2011. Background The Department assesses and collects a wide range of fees for various licenses/certificates issued and services rendered. The Department also assesses and collects …
https://www.osc.ny.gov/state-agencies/audits/2013/05/31/assessment-and-collection-selected-fees-and-penaltiesManagement of Cash and Investments
… benefit corporation providing transportation services in and around the New York City metropolitan area. The MTA is … and capital needs. We identified $92.1 million maintained in funds and bank accounts that could have been factored into … have a written plan for meeting the objectives set forth in its investment guidelines. Key Recommendations Routinely …
https://www.osc.ny.gov/state-agencies/audits/2013/02/13/management-cash-and-investmentsInspecting Highway Bridges and Repairing Defects
… notify the New York State Department of Transportation (DOT) within one week. NYSTA has six weeks to take appropriate … bridge is safe to use). In addition, NYSTA must provide DOT with the written determinations from bridge inspections … timely, including three with flagged conditions and DOT was not always notified of red flags within one week, as …
https://www.osc.ny.gov/state-agencies/audits/2013/04/26/inspecting-highway-bridges-and-repairing-defectsCollection of Lease and Permit Revenues
… Purpose To determine whether the Department of Transportation is collecting all lease and permit revenues it … 2008 through May 2012. Background The Department of Transportation (Department) has land that it does not use … Other Related Audit/Report of Interest Department of Transportation: Review of Real Property Holdings for Disposal …
https://www.osc.ny.gov/state-agencies/audits/2013/03/12/collection-lease-and-permit-revenuesNYS Common Retirement Fund Contacts
… Credit portfolio. Previously Nav spent over a decade as an equity derivative sales trader at various investment banks … & Real Assets [email protected] Leo Chenette, In-State Private Equity Investment Program [email protected] Joe T. Dawson, Private Equity [email protected] Michael Federici, Fixed …
https://www.osc.ny.gov/common-retirement-fund/resources/nys-common-retirement-fund-contactsAllocation, Billing, and Collection of Expenses of Administering the Motor Vehicle Financial Security Act and the Motor Vehicle Safety Responsibility Act
… its allocation and billing practices by analyzing reported premium data and, where indicated, taking appropriate … Enhance the accuracy and reliability of reported premium data by analyzing premium data and taking follow-up action where appropriate. …
https://www.osc.ny.gov/state-agencies/audits/2019/12/13/allocation-billing-and-collection-expenses-administering-motor-vehicle-financial-security