Learn About the Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by FindLaw Staff
Whenever any gift or bequest of money is lawfully made to the state, or to any department, board, bureau or officer thereof, the amount of such gift or bequest shall be paid to the department of taxation and finance to be held by such department in trust for the uses and purposes specified by the donor. Any such grant, gift or bequest shall be deposited by the department of taxation and finance in the treasury to the credit of a special fund to be designated by the state comptroller. Such trust fund shall be disbursed by the department of taxation and finance after audit by the state comptroller for the uses and purposes specified by the donor upon certification of the department, board, bureau or officer for whose benefit the trust was created.
No gift, grant, devise or bequest, other than grants from the United States, shall hereafter be received or accepted by the state or by any department, board, bureau or officer thereof without specific statutory authority unless such gift, grant, devise or bequest is unconditional. The provisions of this section shall be controlling, any other general, special or local law inconsistent therewith notwithstanding, provided, however, that nothing herein contained shall prohibit the acceptance of conditional gifts or devises of real property or any interest therein for highway or parkway right of ways.
Cite this article: FindLaw.com - New York Consolidated Laws, State Finance Law - STF § 11. Gifts, devises and bequests - last updated January 01, 2024 | https://codes.findlaw.com/ny/state-finance-law/stf-sect-11/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)