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OFFICE OF THE SPECIAL DEPUTY COMPTROLLER FOR NEW YORK CITY

PROGRAM

2,590,500

3,236,400

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For services and expenses for the office of the special deputy comptroller for New York city. Expenditures from this appropriation are to be reimbursed by the city of New York in accordance with an agreement between such city and the financial control board for the city of New York. In the event the city of New York shall default in such repayment the state comptroller shall thereafter deduct and withhold from the next succeeding allotment, apportionment or payment of state aid or assistance due to the city of New York such amount as may be required to repay in full the amount of expenditures from this appropriation, and to credit the same as reimbursement of the amount of expenditures from this appropriation.

The comptroller is hereby authorized and directed to loan money by transfer to this fund from the general fund or any other fund, which loans shall be limited to the amounts immediately required to meet disbursements, made in pursuance of an appropriation by law and authorized by a certificate of approval issued by the director of the budget with copies thereof filed with the comptroller and the chairmen of the senate finance committee and the assembly ways and means committee. The director of the budget shall not issue such a certificate unless he shall have determined that the amounts to be so transferred are receivable on account or are otherwise readily available for payment. When making loans, the comptroller shall tablish appropriate accounts and if the loan is not repaid by the end of the month, provide on or before the fifteenth day of the following month to the director of the budget, the chairmen of the senate finance committee and the assembly ways and means committee, an accurate accounting and reporting of the financial resources of each such fund at the end of such month. Within ten days of the receipt of such accounting and reporting, the director of the budget shall provide to the chairmen of the senate finance committee and the assembly ways and means committee an expected schedule of repayment by fund and by source for each outstanding loan. Repayment shall be made by the comptroller by transfer of the first cash receipts of this fund.

PERSONAL SERVICE

Personal service--regular

1,972,300

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For services and expenses, including travel outside the state and the purchase of automobiles, related to the cost of regulating the banking industry in accordance with the following schedule:

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Notwithstanding any law to the contrary, the comptroller is hereby authorized and directed to receive for deposit to the credit of this fund any revenues which, pursuant to law, are received by the agency for the purpose of funding expenditures as authorized by this appropriation.

The comptroller is further authorized and directed to loan money by transfer to this fund from the general fund or any other fund, which loans shall be limited to the amounts immediately required to meet disbursements, made in pursuance of an appropriation by law and authorized by a certificate of approval issued by the director of the budget with copies thereof filed with the comptroller and the chairmen of the senate finance committee and the assembly ways and means

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