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This entry was published on 2014-09-22
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Moneys of the Planetarium Authority
Arts and Cultural Affairs (ACA) CHAPTER 11-C, TITLE V, ARTICLE 59
§ 59.11. Moneys of the Planetarium Authority. The moneys in the
deposit account of the Planetarium Authority shall be paid out on checks
signed by the executive director of the Planetarium Authority or by such
other person or persons as the Planetarium Authority may authorize. All
deposits of such moneys shall, if required by the Planetarium Authority,
be secured by obligations of the United States or the state of New York,
of a market value equal at all times to the amount of the deposit and
all banks and trust companies are authorized to give such security for
such deposits. The comptroller of the city of New York and his legally
authorized representatives are hereby authorized and empowered from time
to time to examine the accounts and books of the Planetarium Authority,
including its receipts, disbursements, contracts, sinking funds,
investments and any other matters relating to its financial standing.