New York Codes, Rules and Regulations
Title 8 - EDUCATION DEPARTMENT
Chapter II - Regulations of the Commissioner
Subchapter L - Finance
Part 179 - Apportionment Of Funds To Educational Broadcast Councils
Section 179.3 - Schedule of payments
Universal Citation: 8 NY Comp Codes Rules and Regs ยง 179.3
Current through Register Vol. 46, No. 12, March 20, 2024
(a) Each council and public radio station shall be paid according to the following procedure:
(1) Reports required.
(i) Each council shall submit the following
reports:
(a) an annual budget prior to the
start of each fiscal year;
(b) an
educational services budget prior to the start of each fiscal year;
(c) a certified audit within six months of
the close of the fiscal year;
(d)
an annual activities report within two months of the close of the fiscal
year;
(e) a quarterly financial
report within 30 days of the end of the quarter;
(f) an annual financial report in a form
prescribed by the Commissioner within six months of the close of the fiscal
year; and
(g) A quarterly education
report within one month of the close of the quarter.
(ii) Each radio station shall submit the
following reports:
(a) an annual budget prior
to the start of each fiscal year;
(b) a certified audit within six months of
the close of the fiscal year;
(c)
an annual activities report within two months of the close of the fiscal
year;
(d) a quarterly financial
report within 30 days of the end of the quarter; and
(e) an annual financial report in a form
prescribed by the Commissioner within six months of the close of the fiscal
year.
(iii) The
commissioner may require additional and more frequent reports.
(2) Payment schedule. State
payments in any fiscal year to any council or public radio station pursuant to
the provisions of this Part shall be made according to the following schedule:
On or before:
July 15 -- 60 percent of the grant amount
October 15 -- 30 percent of the grant amount
June 1 -- 10 percent of the grant amount
(b) Payment shall be made following the department's acceptance of all reports due the department at the time of payment.
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