179-Y - Duties of the comptroller.

§  179-y.  Duties  of the comptroller. 1. The state comptroller shall:  (a) promulgate such rules and regulations as may be necessary  to  carry  out  the  comptroller's  responsibilities  under  this article including  provisions for repayment; and (b) develop and implement a procedure  for  calculating  the  amount  of interest, if any, due to any not-for-profit  organization pursuant to the provisions of this article.    2. Nothing contained in this section shall be deemed to  preclude  the  comptroller  from  subsequently  promulgating,  developing,  or amending  rules and regulations or procedures pursuant to,  and  consistent  with,  this article.