New York Statutes

§ 364 — Deposit and investment of moneys of the authority

New York·Law PBA Public Authorities·Title 9 New York State Thruway Authority·Art. 2 Park, Parkway and Highway Authorities
§ 364. Deposit and investment of moneys of the authority. All moneys\nof the authority from whatever source derived shall be paid to the\ncomptroller as agent of the authority, who shall not commingle such\nmoneys with any other moneys. Such moneys shall be deposited in a\nseparate bank account or accounts. The moneys in such accounts shall be\npaid out on check of the comptroller on requisition of the chairman of\nthe authority or of such other person as the authority may authorize to\nmake such requisition. All deposits of such moneys shall, if required by\nthe comptroller or the authority, be secured by obligations of the\nUnited States or of the state of New York of a market value equal at all\ntimes to the amount of the deposit and all banks and trust companies are\nauthorized to gi

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Related

New York Public Interest Research Group, Inc. v. New York State Thruway Authority
565 N.E.2d 1259 (New York Court of Appeals, 1990)
14 case citations

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