N.Y. Public Authorities Law Section 1980
Bonds and notes legal investments for public officers and fiduciaries

The bonds and notes are hereby made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks and savings associations, including savings and loan associations, building and loan associations, investment companies and other persons carrying on a banking business, and all other persons whatsoever, who are now or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds, including capital in their control or belonging to them. The bonds and notes are also hereby made securities which may be deposited with and may be received by all public officers and bodies of this state and all municipalities and municipal subdivisions for any purpose for which the deposit of bonds or other obligations of this state is now or may hereafter be authorized.

Source: Section 1980 — Bonds and notes legal investments for public officers and fiduciaries, https://www.­nysenate.­gov/legislation/laws/PBA/1980 (updated Sep. 22, 2014; accessed Nov. 29, 2025).

Green check means up to date. Up to date

Verified:
Nov. 29, 2025

Last modified:
Sep. 22, 2014

§ 1980. Bonds & notes legal investments for public officers and fiduciaries's source at nysenate​.gov

Link Style