Legislation
SECTION 186
Transfers of economic development power
Economic Development Law (COM) CHAPTER 15, ARTICLE 6
§ 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.
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.