ยง 186. Transfers of economic development power. The transfer of an
economic development power allocation between facilities of a recipient
shall be prohibited unless specifically approved by the board as
consistent with the criteria and requirements in sections one hundred
eighty-four, one hundred eighty-five and subdivision (g) of section one
hundred eighty-seven of this article as may be applicable. Any transfer
which occurs without the board's approval shall be invalid and such
transfer may subject the recipient to revocation of its allocation and
modification or revocation of its contract.
Structure New York Laws
COM - Economic Development Law
Article 6 - New York State Economic Development Power Allocation Board
182 - The New York State Economic Development Power Allocation Board.
183 - General Powers and Duties of the Board.
184 - Criteria for Eligibility for Economic Development Power.
185 - Revitalization Programs.
186 - Transfers of Economic Development Power.
187 - Economic Development Power Allocations.