New York § 1285-N Issuance and sale of recipient bonds and notes

New York Statutes

§ 1285-N — Issuance and sale of recipient bonds and notes

New York § 1285-N

Law PBAPublic Authorities

Title 12New York State Environmental Facilities Corporation

Art. 5Public Utility Authorities

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Bluebook

N.Y. Public Authorities § 1285-N (2026).

Text

  § 1285-n. Issuance and sale of recipient bonds and notes.\nNotwithstanding subdivision two of section one thousand eighty of this\narticle, or any by-law, rule or regulation requiring the recipient to\nissue bonds or notes at a public or competitive sale, any recipient of a\nfinancing from the corporation pursuant to section twelve hundred\neighty-five-j, twelve hundred eighty-five-m or twelve hundred\neighty-five-o of this title may validly issue its notes or bonds to the\ncorporation, as evidence of its obligation to repay such financing.\n

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§ 1285-n. Issuance and sale of recipient bonds and notes.\nNotwithstanding subdivision two of section one thousand eighty of this\narticle, or any by-law, rule or regulation requiring the recipient to\nissue bonds or notes at a public or competitive sale, any recipient of a\nfinancing from the corporation pursuant to section twelve hundred\neighty-five-j, twelve hundred eighty-five-m or twelve hundred\neighty-five-o of this title may validly issue its notes or bonds to the\ncorporation, as evidence of its obligation to repay such financing.\n