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This entry was published on 2014-09-22
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State aid guarantee; withholding thereof
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 19
* § 2473. State aid guarantee; withholding thereof. 1. In the event
that a participating municipality fails to make its required payment, in
whole or in part, to the authority, the chairman of the authority shall
certify to the comptroller that such municipality has failed to meet its
obligations. Such certificate shall be in such form as the authority
deems desirable, but shall include the exact amount of payment required
to satisfy such municipality's obligation to the authority.

2. The comptroller, upon receipt of such certificate from the
authority, shall withhold from the city, county, town or village or, in
the event the participating municipality is a public benefit corporation
from the city, county, town or village on whose behalf such corporation
was created, state aid payable to such city, county, town or village to
the extent necessary to meet the required amount of payments. The
comptroller shall immediately pay over to the sports facilities income
fund account the amount so withheld.

* NB (Disbanded March, 1980)