Common use of COMPTROLLER APPROVAL Clause in Contracts

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.

Appears in 5 contracts

Samples: Design Build Contract, Design Build Contract, Addendum to the Standard Specifications

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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 Authority 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 Authority until it has been approved by the State Comptroller and filed in his office.

Appears in 2 contracts

Samples: Addendum to the Standard Specifications, Addendum to the Standard Specifications

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