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  • SECTION 2550
    Termination of authority and existence
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  • TITLE 26
    New York City Stabilization Reserve Corporation
    • Viewing most recent revision (from 2014-09-22)

    SECTION 2551

    Bonds or notes legal investments for public authorities

    Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 26

    § 2551. Bonds or notes legal investments for public authorities.
    Bonds and notes of the corporation are hereby declared to be legal
    investments for monies of public corporations of the state of New York
    and may be used to secure deposits of monies of such corporations in
    banks or trust companies authorized to do business in the state of New
    York.