Legislation

ARTICLE 10-B

TITLE 4

NEW YORK LOCAL GOVERNMENT ASSISTANCE

CORPORATION
Section 3231. Short title.

3232. Definitions.

3233. New York local government assistance corporation.

3234. Administration of the corporation.

3235. General powers of the corporation.

3236. Bonds and notes of the corporation.

3237. Capital reserve fund.

3238. Payments to local governments.

3238-a. Payment to the city of New York.

3239. Resources of the corporation.

3240. Payments to the corporation.

3241. Agreement with the state.

3241-a. Limitation on issuance of tax and revenue anticipation

notes by the state.

3242. State and local governments not liable on bonds and

notes.

3243. Remedies of bondholders and noteholders.

3244. Bonds and notes as legal investments.

3245. Exemption from taxation.

3246. Employees of the corporation.

3247. Actions against the corporation.

3248. Assistance to the corporation.

3249. Preference for actions or proceedings against the

corporation.