§ 209-f. Transfer of certain functions of the science and technology
foundation. 1. Transfer of the small business technology investment
fund. Upon the transfer pursuant to section two hundred nine-d of this
article of the functions and powers possessed by and all of the
obligations and duties of the science and technology foundation as
established pursuant to article ten-A of the public authorities law to
the office as prescribed by section two hundred nine-d of this article,
notwithstanding section twenty-eight of section one of chapter one
hundred seventy-four of the laws of nineteen hundred sixty-eight, the
administration of the small business technology investment fund shall be
transferred and assigned to, assumed by and devolved upon the urban
development corporation, and the administration of the small business
technology investment fund is hereby determined to be a corporate
purpose of the urban development corporation.

2. Transfer of certain assets and liabilities. Upon the transfer
pursuant to section two hundred nine-d of this article of the functions
and powers possessed by and all of the obligations and duties of the
science and technology foundation as established pursuant to article
ten-A of the public authorities law to the office as prescribed by
section two hundred nine-d of this article, all of the assets and
liabilities of the small business technology investment fund established
pursuant to appropriations made by various chapters of the law
including, but not limited to chapter fifty-three of the laws of
nineteen hundred eighty-one, chapter fifty-three of the laws of nineteen
hundred eighty-five, chapter fifty-three of the laws of nineteen hundred
eighty-six, chapter fifty-three of the laws of nineteen hundred
eighty-seven, chapter fifty-three of the laws of nineteen hundred
eighty-eight, chapter fifty-three of the laws of nineteen hundred
eighty-nine, chapter fifty-three of the laws of nineteen hundred ninety,
chapter fifty-three of the laws of nineteen hundred ninety-one, chapter
fifty-three of the laws of nineteen hundred ninety-two, chapter
fifty-three of the laws of nineteen hundred ninety-three, chapter
fifty-three of the laws of nineteen hundred ninety-four, and chapter
fifty-three of the laws of nineteen hundred ninety-five shall be
transferred to the urban development corporation.

3. Transfer of certain appropriations. Upon the transfer pursuant to
section two hundred nine-d of this article of the functions and powers
possessed by and all of the obligations and duties of the science and
technology foundation as established pursuant to article ten-A of the
public authorities law to the office as prescribed by section two
hundred nine-d of this article, appropriations enacted heretofore for
the small business technology investment fund made pursuant to various
chapters of the law including, but not limited to, chapter fifty-three
of the laws of nineteen hundred eighty-one, chapter fifty-three of the
laws of nineteen hundred eighty-five, chapter fifty-three of the laws of
nineteen hundred eighty-six, chapter fifty-three of the laws of nineteen
hundred eighty-seven, chapter fifty-three of the laws of nineteen
hundred eighty-eight, chapter fifty-three of the laws of nineteen
hundred eighty-nine, chapter fifty-three of the laws of nineteen hundred
ninety, chapter fifty-three of the laws of nineteen hundred ninety-one,
chapter fifty-three of the laws of nineteen hundred ninety-two, chapter
fifty-three of the laws of nineteen hundred ninety-three, chapter
fifty-three of the laws of nineteen hundred ninety-four, and chapter
fifty-three of the laws of nineteen hundred ninety-five, all
appropriations and reappropriations heretofore made to the science and
technology foundation, or segregated pursuant to law, to the extent of
remaining unexpended or unencumbered balances thereof, whether allocated
or unallocated and obligated or unobligated, shall be transferred and
made available to for use and expenditure by the urban development
corporation for the same purpose for which originally appropriated or
reappropriated and shall be payable on vouchers certified or approved by
the commissioner of taxation and finance, on audit and warrant of the
comptroller.

4. Transfer of certain records. Upon the transfer pursuant to section
two hundred nine-d of this article of the functions and powers possessed
by and all of the obligations and duties of the science and technology
foundation as established pursuant to article ten-A of the public
authorities law to the office as prescribed by section two hundred
nine-d of this article, all books, papers, records and property
pertaining to the small business technology investment fund shall be
maintained by the urban development corporation.