Statute · New York State Finance Law
N.Y. State Fin. Law § 179-j — Disclaimer of state responsibility for interest payments incurred by contractors
N.Y. State Fin. Law § 179-j
- Type
- Statute
- Source
- New York State Finance Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 179-j. Disclaimer of state responsibility for interest payments incurred by contractors. In the event that an interest payment is made by a contractor in the course of transacting business with any entity other than a state agency, such interest shall not be an obligation of the state and the…
Citator
N.Y. State Fin. Law § 179-j — Disclaimer of state responsibility for interest payments incurred by contractors is in force in the current edition of the Code, and nothing recorded condemns it.
§ 179-j. Disclaimer of state responsibility for interest payments incurred by contractors. In the event that an interest payment is made by a contractor in the course of transacting business with any entity other than a state agency, such interest shall not be an obligation of the state and the state shall not reimburse the contractor for such interest, nor shall any moneys expended for such interest payments be counted toward any matching requirement applicable to grants or payments of state funds unless expressly permitted by statute or regulation.