New York Consolidated Laws, Economic Development Law - COM § 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.