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This entry was published on 2014-09-22
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SECTION 414
Competing undertakings not authorized
General Municipal (GMU) CHAPTER 24, ARTICLE 14-C
§ 414. Competing undertakings not authorized. No municipality shall
have power under this article to construct any undertaking in
contravention of any act of the legislature of the state of New York
whereby the state of New York pledges to or agrees with the holders of
any bonds issued or to be issued pursuant to said act that the state
will not authorize the construction of an undertaking which will be
competitive with the project authorized by said act.