New York § 860 Moneys of the agency

New York Statutes

§ 860 — Moneys of the agency

New York § 860

Law GMUGeneral Municipal

Title 1Agencies, Organization and Powers

Art. 18-AIndustrial Development

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Bluebook

N.Y. General Municipal § 860 (2026).

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

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§ 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