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 establish 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 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 transfer of the first cash receipts of this fund. by Notwithstanding any other provision of law, to the extent STATE OPERATIONS OFFICE OF GENERAL SERVICES--Cont. sions shall apply to the billing of such agency equipment costs and the use of such appropriation authority: (1) any agency possessing telephone equipment covered under the department's agreement with the CMI corporation shall be billed for such telephone equipment, during all or any portion of the fiscal year that the agency retains such such equipment, at the rate for such equipment in existence prior to the approval of the department's agreement with the CMI corporation; (2) of the total funds collected by the department under the telephone equipment billing of agencies in accordance with the provisions of clause one, all funds not necessary to meet the contractual requirements of the department's agreement with the CMI corporation shall be credited to a new account to be established by the comptroller within this fund and which shall be known for the purposes of this act as the telephone equipment count; and ac (3) funds credited to the telephone equipment account shall be used (i) to meet any contractual requirements of the department's agreement with the CMI corporation which were not met under clause two, (ii) for the purchase and installation of telephone systems for state agencies relocating from the world trade center during the fiscal year, and (iii) for telecommunication modernization initiatives, provided however, that no funds credited to the telephone equipment account shall be used for any such telecommunication modernization initiative unless the commissioner provides a thirty day advance written notification to the chairman of the senate finance committee and the chairman of the assembly ways and means committee describing such initiative and its expected total cost. On a quarterly basis beginning with the state fiscal quarter ending September thirtieth, nineteen hundred eightyfive, the department shall submit to the director of the budget, the chairman of the senate finance committee and the chairman of the assembly ways and means committee a report providing (a) for every agency covered under the CMI agreement, the telephone equipment costs for which the department billed the agency during the quarter and the related time period covered by the billing and (b) an accounting of all funds credited to the telephone equipment account during the quarter and all expenditures made from the telephone equipment account during the quarter. Such accounting shall separately detail expenditures and encumbrances made during the quarter (i) pursuant to the department's agreement with the CMI corporation, (ii) for the purchase and installation of telephone systems for agencies relocating from the world trade center and (iii) for telecommunication modernization initiatives provided that expenditures and encum STATE OPERATIONS OFFICE OF GENERAL SERVICES--Cont. brances for each such separately. initiative shall be listed 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 comp troller 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 establish 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. |