New York § 73 Federal interest subsidy payments

New York Statutes

§ 73 — Federal interest subsidy payments

New York·Law STF State Finance·Art. 6 Funds of the State

  § 73. Federal interest subsidy payments. Notwithstanding any other\nprovision of law to the contrary, the comptroller shall deposit any\nfederal interest subsidy payments received by the state for\nstate-supported debt issued as build America bonds (BABs) or Qualified\nSchool Construction Bonds (QSCBs), as authorized pursuant to the\nAmerican Recovery and Reinvestment Act of 2009 (ARRA), as amended or\npursuant to any successor authorization, to each respective debt service\nfund which relates to such bonds.\n

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§ 73. Federal interest subsidy payments. Notwithstanding any other\nprovision of law to the contrary, the comptroller shall deposit any\nfederal interest subsidy payments received by the state for\nstate-supported debt issued as build America bonds (BABs) or Qualified\nSchool Construction Bonds (QSCBs), as authorized pursuant to the\nAmerican Recovery and Reinvestment Act of 2009 (ARRA), as amended or\npursuant to any successor authorization, to each respective debt service\nfund which relates to such bonds.\n

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