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Opinion 88-26
… Uses (financing construction of building by town for State Police use) NEW YORK CONSTITUTION, ART. VIII, §2; EXECUTIVE … the construction of a building for use by the State Police on land owned by the State so long as the town retains … You ask whether a town may construct a building for State Police use on State land located in the town and finance the …
https://www.osc.ny.gov/legal-opinions/opinion-88-26XIV.3.C Distribution of STIP Investment Earnings – XIV. Special Procedures
… Fund Requirements The distribution of the STIP investment earnings (STIP interest) to participating funds is governed by §98-a of the State Finance Law which provides in relevant part that … Each year the Enacted Budget includes new authorization for temporary …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3c-distribution-stip-investment-earningsState Contract and Payment Actions in June
… In June, the Office of the State Comptroller approved 1,520 contracts for state … more than 1.7 million payments worth nearly $9.9 billion. The office rejected 141 contracts and related transactions … In June the Office of the State Comptroller approved 1520 contracts …
https://www.osc.ny.gov/press/releases/2018/07/state-contract-and-payment-actions-juneOpinion 90-22
… Systems (necessity to pay interest on consumer deposits) MUNICIPAL FUNDS -- Deposits and Investments (of consumer deposits for municipal water utility) PUBLIC SERVICE LAW, §§89- 1 , 117; GENERAL MUNICIPAL LAW, §11: A … the municipality may retain a reasonable administrative fee. Opn Nos. 81-27 and 79-754 are superseded. We are in …
https://www.osc.ny.gov/legal-opinions/opinion-90-22Opinion 89-22
… issues discussed in the opinion. STREETS AND HIGHWAYS -- Traffic Signals (responsibility of towns to install and … TOWNS -- Powers and Duties (responsibility to install traffic signals) TOWN LAW, §64(16); VEHICLE AND TRAFFIC LAW, §§1651, 1652-a, 1652-b, 1660, 1682, 1684: Where …
https://www.osc.ny.gov/legal-opinions/opinion-89-22State Contract and Payment Actions in October
… In October, the Office of the State Comptroller approved 1,525 contracts for state agencies and public authorities valued at $2.87 … design services at the National Purple Heart Hall of Honor in Orange County. $1.8 million with Lawrence J. Quigliano II, … In October the Office of the State Comptroller approved 1525 …
https://www.osc.ny.gov/press/releases/2018/12/state-contract-and-payment-actions-octoberOpinion 2006-1
… a town may pay an employee on the morning of the last day of the payroll period even though such employee has not yet completed the final day of work for that period. You suggest that payment prior to the completion of all work on the last day of the payroll period, at least in the absence of a …
https://www.osc.ny.gov/legal-opinions/opinion-2006-1Opinion 88-14
… AND LOST PROPERTY -- County Sheriff (disposition of unclaimed county prisoners' property) MUNICIPAL FUNDS -- Trust and Agency Funds (transfer of abandoned property to) STATUTE OF LIMITATIONS -- Unclaimed Funds (county prisoners) ABANDONED PROPERTY LAW, …
https://www.osc.ny.gov/legal-opinions/opinion-88-14Fund's Mission, Values and Investment Philosophy
… Our Mission To provide our beneficiaries with a secure pension through prudent asset management. Our Vision … scale should enable us to manage assets in-house at lower cost, negotiate for lower fees, and build strategic … within asset classes where we have a clear thesis on how long-term risk and return prospects will develop. In …
https://www.osc.ny.gov/common-retirement-fund/funds-mission-values-and-investment-philosophyNew York City Tourism Industry Hit Hard by Pandemic, Visitor Spending Drops by 73%
… halted tourism in New York City, one of the world’s top tourist and business traveler destinations, during parts of … or related fees, so that operations may return. Promote tourist activities, including boosting resources for agencies … to the average traveler to the U.S., with each Chinese tourist spending an average of $3,000, almost twice the …
https://www.osc.ny.gov/press/releases/2021/04/new-york-city-tourism-industry-hit-hard-pandemic-visitor-spending-drops-73Opinion 95-26
… Exempt Volunteer Firemen's Benevolent Association (use of tax moneys to rent room); (use of tax moneys to pay accountant or attorney); (use of tax moneys to obtain storage space for records); (use of tax … Association Inc may expend foreign fire insurance tax moneys …
https://www.osc.ny.gov/legal-opinions/opinion-95-26DiNapoli: State Faces $34.3 Billion Cumulative Budget Gap Through State Fiscal Year 2029
… Thomas P. DiNapoli’s report on the State Fiscal Year (SFY) 2026 Enacted Budget and First Quarterly Financial Plans. The … billion since the January release of the Fiscal Year (FY) 2026 Executive Budget Financial Plan, and is attributable to … Gaps and Structural Imbalance According to DOB’s FY 2026 Financial Plan, All Funds disbursements are projected to …
https://www.osc.ny.gov/press/releases/2025/08/dinapoli-state-faces-343-billion-cumulative-budget-gap-through-state-fiscal-year-2029DiNapoli Op-Ed: New York Should Opt Into Public Financing of Elections
… The legislation was sloppy, inadequate and unsound in so many ways that good government groups that had spent decades … Board of Elections for making thoughtful suggestions on how to make a new public finance system viable: officials … of this system that keeps too many ordinary, qualified people out of public office; away from creating the laws we …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-op-ed-new-york-should-opt-public-financing-electionsDiNapoli Announces State Contract and Payment Actions for April 2014
… a $2.2 million Office of Temporary and Disability grant to Assistance Neighborhood Housing Services of Jamaica. Approved … other programs. Energy Paid $17 million in federal home heating benefits to nearly 38,000 low-income New Yorkers for home heating costs or heat related energy emergencies. Contract …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-announces-state-contract-and-payment-actions-april-2014State Comptroller DiNapoli Statement on SEC's Climate Disclosure Proposal
… New York State Comptroller Thomas P. DiNapoli issued the following statement regarding today’s SEC proposed rule on climate disclosure. "Today's action by the SEC will provide investors with the robust climate disclosures that we have long advocated …
https://www.osc.ny.gov/press/releases/2022/03/state-comptroller-dinapoli-statement-secs-climate-disclosure-proposalDiNapoli: Audit Reveals Questionable Financial Decisions, Lack of Transparency in Hempstead School District
… Furthermore, the school board has not scheduled sufficient meetings to ensure that all of its decisions and … and public manner. While the board schedules about 13 meetings per year, it actually held a total of 65 meetings during the two-year period beginning July 2011 …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-audit-reveals-questionable-financial-decisions-lack-transparency-hempstead-school-districtBeacon City School District -- Budget Review (B6-15-4)
… of Budget Review The purpose of our budget review was to provide an independent evaluation of the District’s … Laws of 2005 authorized the Beacon City School District to issue debt up to a maximum amount totaling $5,288,000 to liquidate the …
https://www.osc.ny.gov/local-government/audits/school-district/2015/04/08/beacon-city-school-district-budget-review-b6-15-4Opinion 2024-1
… Section 1 of Article 8, the Gift and Loan Clause, of the New York State Constitution, and that the Gift and Loan … outset, we must emphasize that our Office cannot issue a legal opinion with respect to the validity and enforceability … below, the BIL has made federal funds available through New York State’s Drinking Water State Revolving Fund …
https://www.osc.ny.gov/legal-opinions/opinion-2024-1State Contract and Payment Actions in June
… $2.1 million with Globecomm Systems, Inc. for first responder satellite services. $1.8 million with Avenue …
https://www.osc.ny.gov/press/releases/2019/07/state-contract-and-payment-actions-juneOpinion 95-4
… This opinion represents the views of the Office of the State Comptroller at the time it was … from alleged criminal conduct) COUNTY LAW, §209: A county board of supervisors generally is authorized to conduct an … in reply to your letter in which you state that the county board of supervisors has become aware of allegations with …
https://www.osc.ny.gov/legal-opinions/opinion-95-4