COMPTROLLER APPROVAL Sample Clauses
The Comptroller Approval clause requires that certain actions, agreements, or expenditures under the contract receive formal authorization from the Comptroller before they become effective. In practice, this means that payments, amendments, or significant decisions cannot proceed without the explicit written consent of the Comptroller’s office, ensuring oversight and compliance with internal controls. This clause serves to maintain financial accountability and prevent unauthorized commitments by mandating a clear approval process.
COMPTROLLER APPROVAL. Unless otherwise provided by resolution of the Authority or Corporation Board, if this contract involves the expenditure of funds for goods or services in excess of $50,000, or the expenditure of funds for any other purpose in excess of $15,000, or if, by this contract, the Authority/Corporation agrees to give something other than money when the value or reasonably estimated value of such consideration exceeds $10,000, this contract shall not be valid, effective or binding upon the Authority/Corporation until it has been approved by the State Comptroller and filed in his office.
COMPTROLLER APPROVAL. In accordance with State Finance Law § 112 (or, if this contract is with the State University or City University of New York, Education Law § 355 or § 6218), if this contract exceeds $50,000 (or the minimum thresholds agreed to by the Office of the State Comptroller for certain S.U.N.Y. and C.U.N.Y. contracts), or if this is an amendment for any amount to a contract which, as so amended, exceeds said statutory amount, or if, by this contract, the State agrees to give something other than money when the value or reasonably estimated value of such consideration exceeds $10,000, it shall not be valid, effective or binding upon the State until it has been approved by the State Comptroller and filed in his office. Comptroller’s approval of contracts let by the Office of General Services is required when such contracts exceed $85,000 (State Finance Law § 163.6.a). However, such pre-approval shall not be required for any contract established as a centralized contract through the Office of General Services or for a purchase order or other transaction issues under such centralized contract.
COMPTROLLER APPROVAL. Unless otherwise provided by resolution of the Authority or Corporation Board, if this contract involves the expenditure of funds for goods or services in excess of
COMPTROLLER APPROVAL. For State agency Authorized Users, in accordance with Section 112 of the State Finance Law, if this Engagement Agreement exceeds $200,000, it shall not be valid, effective or binding upon the State until this Engagement Agreement has been approved by the Office of the New York State Comptroller.