N.Y. Public Authorities Law Section 1230-P
Moneys of the authority

All moneys of the authority from whatever source derived shall be paid to the treasurer of the authority and shall be deposited forthwith in a bank or trust company in the state designated by the governing body. The moneys in such accounts shall be paid out on check of the treasurer upon requisition by the governing body or of such other person or persons as the governing body may authorize to make such requisitions. All deposits of such moneys shall be secured by obligations of the United States or of the state of a market value equal at all times to the amount on deposit and all banks and trust companies are authorized to give such security for such deposits. To the extent practicable, consistent with the cash requirements of the authority, all such moneys shall be deposited in interest bearing accounts. The authority shall have power, notwithstanding the provisions of this section, to contract with the holders of any bonds as to the custody, collection, security, investment and payment of any moneys of the authority or any moneys held in trust or otherwise for the payment of bonds or in any way to secure bonds, and to carry out any such contract notwithstanding that such contract may be inconsistent with the provisions of this section. Moneys held in trust or otherwise for the payment of bonds or in any way to secure bond and deposits of such moneys may be secured in the same manner as moneys of the authority and all banks and trust companies are authorized to give such security for such deposits. Any moneys of the authority not required for immediate use or disbursement may, at the discretion of the authority, be invested in those obligations specified pursuant to the provisions of State Finance Law § 98-A (Investment of general funds, bond proceeds, and other funds not immediately required)section ninety-eight-a of the state finance law. Subject to the provisions of any contract with bondholders and with the approval of the comptroller, the authority shall prescribe a system of accounts.

Source: Section 1230-P — Moneys of the authority, https://www.nysenate.gov/legislation/laws/PBA/1230-P (updated Sep. 22, 2014; accessed Oct. 26, 2024).

1230‑A
Short title 1230‑AA
Effect of inconsistent provisions 1230‑B
Definitions 1230‑C
Niagara Falls public water authority 1230‑D
Powers of the authority 1230‑E
Water board 1230‑F
General powers of the water board 1230‑G
Special enforcement powers with respect to wastewater facilities 1230‑H
Transfer of facilities by the city of Niagara Falls or any municipality 1230‑I
Agreements among the water board, the city, municipalities and the authority for the provision of projects 1230‑J
Imposition and disposition of fees, rates or charges 1230‑K
Appropriations for purposes of the water board or the authority 1230‑L
Transfer of officers and employees 1230‑M
Bonds of the authority 1230‑N
Remedies of bondholders 1230‑O
State, city, water board or municipality, other than the authority, not liable on authority bonds 1230‑P
Moneys of the authority 1230‑Q
Bonds, legal investments for fiduciaries 1230‑R
Agreement with the state 1230‑S
Exemption from taxes, assessments and certain fees 1230‑T
Actions against the water board and authority 1230‑U
Contracts 1230‑V
Code of ethics 1230‑W
Equal employment opportunity 1230‑X
Audit and annual report 1230‑Y
Limited liability 1230‑Z
Separability

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

N.Y. Public Authorities Law Section 1230-P Moneys of the authority

N.Y. Public Authorities Law Section 1230-P
Moneys of the authority