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This entry was published on 2022-04-22
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SECTION 59
The dormitory authority of the state of New York, the New York state urban development corporation, and the New York state thruway author...
Urban Development Corporation Act 174/68 (UDA) CHAPTER INTRO
§ 59. The dormitory authority of the state of New York, the New York
state urban development corporation, and the New York state thruway
authority are hereby authorized to issue bonds in one or more series
under either article 5-C or article 5-F of the state finance law for the
purpose of refunding obligations of the power authority of the state of
New York to fund energy efficiency projects at state agencies including,
but not limited to, the state university of New York, city university of
New York, the New York state office of general services, New York state
office of mental health, state education department, and New York state
department of agriculture and markets. The aggregate principal amount of
bonds authorized to be issued pursuant to this section shall not exceed
two hundred million dollars ($200,000,000), excluding bonds issued to
pay costs of issuance of such bonds and to refund or otherwise repay
such bonds. Such bonds issued by the dormitory authority of the state of
New York, the New York state urban development corporation, and New York
state thruway authority shall not be a debt of the state, and the state
shall not be liable thereon, nor shall they be payable out of any funds
other than those appropriated by the state under article 5-C or article
5-F of the state finance law, as applicable.