New York § 715 Repayment of state appropriations

New York Statutes

§ 715 — Repayment of state appropriations

New York·Law PBA Public Authorities·Title 8 Ogdensburg Bridge Authority·Art. 3 Bridge and Tunnel Authorities

  § 715. Repayment of state appropriations. All appropriations made\nheretofore or hereafter by the state to the authority shall be treated\nas advances by the state to the authority, and shall be repaid to it\nwithout interest out of the first proceeds of bonds issued by the\nauthority for the construction of the bridge. The comptroller is hereby\nauthorized to receive from the authority amounts advanced by the state\nto the authority and to deposit the same in the state treasury to the\ncredit of the capital construction fund so that the state shall be\nreimbursed for the full amount of any and all such advances.\n

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§ 715. Repayment of state appropriations. All appropriations made\nheretofore or hereafter by the state to the authority shall be treated\nas advances by the state to the authority, and shall be repaid to it\nwithout interest out of the first proceeds of bonds issued by the\nauthority for the construction of the bridge. The comptroller is hereby\nauthorized to receive from the authority amounts advanced by the state\nto the authority and to deposit the same in the state treasury to the\ncredit of the capital construction fund so that the state shall be\nreimbursed for the full amount of any and all such advances.\n

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