N.Y. PBG Law § 45
This is the official text of N.Y. PBG Law § 45, part of New York’s PBG Law — part of the compiled statutory law of New York, published by the state as "PBG Law." Browse the sections below, each linked to its official government source.
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Repurchase of authority bonds
Official statutory text
§ 45. Repurchase of authority bonds. An authority shall have power to\npurchase any bonds issued by it for the purpose of retirement or\ninvestment. An authority shall not purchase such bonds at a price in\nexcess of the face value thereof plus a premium of four per centum. All\nbonds purchased for the purpose of retirement shall be cancelled.\n
Status: in_force · Read it on the official government site
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