Section 98-a of the State Finance Law governs the distribution of interest to agencies’ accounts within the State’s short-term investment pool (STIP). Agencies should review their accounts and proposed legislation submitted with the Governor’s Executive Budget to determine if any changes are necessary. Pursuant to law, agency requests to ‘opt into’ or ‘out of’ participation in the distribution of STIP interest earnings must be submitted, in writing, within 30 days of the start of the fiscal year or 30 days following the final approval by the Governor of any bill containing temporary loan authorization(s) – whichever is later. Please direct your request to [email protected]

Guide to Financial Operations

REV. 01/28/2019