N.Y. GMU Law § 860
This is the official text of N.Y. GMU Law § 860, part of New York’s GMU Law — part of the compiled statutory law of New York, published by the state as "GMU Law." Browse the sections below, each linked to its official government source.
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Moneys of the agency
Official statutory text
§ 860. Moneys of the agency. The agency shall have power to contract\nwith the holders of any of its bonds or notes as to the custody,\ncollection, securing, investment and payment of any moneys of the agency\nor any moneys held in trust or otherwise for the payment of bonds or\nnotes or in any way to secure bonds or notes and to carry out any such\ncontract. Moneys held in trust or otherwise for the payment of bonds or\nnotes or in any way to secure bonds or notes and deposits of such moneys\nmay be secured in the same manner as moneys of the agency, and all banks\nand trust companies are authorized to give such security for such\ndeposits.\n
Status: in_force · Read it on the official government site
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