Notes and bonds as legal investments
Source:
Section 466 — Notes and bonds as legal investments, https://www.nysenate.gov/legislation/laws/EDN/466 (updated Sep. 22, 2014; accessed Oct. 25, 2025).
450
Short title 451
Statement of legislative findings and purposes 452
Definitions 453
New York city educational construction fund 454
General powers and duties of fund 455
Relationship with the board of education and the city of New York 456
Special provisions relating to acquisition and transfer of real property 457
Plans and specifications 458
Letting of construction contracts 459
Resources of the fund 460
Lease and other agreements 461
Notes and bonds of the fund 462
Reserve funds, appropriations and other funds and accounts 463
Agreement with the state 464
State and city’s right to require redemption of bonds 465
Remedies of noteholders and bondholders 466
Notes and bonds as legal investments 467
Actions by and against fund 468
Exemptions from taxation 469
Annual report of trustees 470
Article not affected if in part unconstitutional or ineffective 471
Inconsistent provisions of other laws superseded
Short title 451
Statement of legislative findings and purposes 452
Definitions 453
New York city educational construction fund 454
General powers and duties of fund 455
Relationship with the board of education and the city of New York 456
Special provisions relating to acquisition and transfer of real property 457
Plans and specifications 458
Letting of construction contracts 459
Resources of the fund 460
Lease and other agreements 461
Notes and bonds of the fund 462
Reserve funds, appropriations and other funds and accounts 463
Agreement with the state 464
State and city’s right to require redemption of bonds 465
Remedies of noteholders and bondholders 466
Notes and bonds as legal investments 467
Actions by and against fund 468
Exemptions from taxation 469
Annual report of trustees 470
Article not affected if in part unconstitutional or ineffective 471
Inconsistent provisions of other laws superseded
