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Home » US Law » 2022 New York Laws » Consolidated Laws » STF - State Finance » Article 5 - Borrowing by the State

55 – Issuance of Tax and Revenue Anticipation Notes and Bond Anticipation Notes.

§ 55. Issuance of tax and revenue anticipation notes and bond anticipation notes. 1. When used in this section, the following terms shall be defined as follows: (a) “Tax and revenue anticipation note” shall mean a note issued in anticipation of the receipt of taxes and revenues, direct or indirect, for the purposes and within […]

56 – Call Provision in State Bonds; Refunding State Bonds.

§ 56. Call provision in state bonds; refunding state bonds. 1. Whenever in his opinion it is to the advantage of the state the comptroller when issuing and selling any bonds of the state may reserve to the state on such conditions as he may deem advisable and proper the privilege of refunding or of […]

57 – Issuance of State Bonds.

§ 57. Issuance of state bonds. 1. Whenever the legislature, after authorization of a bond issue by the people at a general election, as provided by section eleven of article seven of the state constitution, or as provided by section three of article eighteen of the state constitution, shall have authorized, by one or more […]

61 – Probable Life of Certain Works or Purposes of State Debt.

§ 61. Probable life of certain works or purposes of state debt. In compliance with section twelve of article seven of the state constitution, it is hereby determined that the probable life of each of the following described types of buildings, structures, improvements, acquisitions or purposes, as a work or purpose, or part of a […]

62 – Replacement of Lost Certificates.

§ 62. Replacement of lost certificates. The comptroller, who may act through his duly authorized fiscal agent or trustee appointed pursuant to section sixty-five of this article, may issue to the lawful owner of any certificate or bond issued by him in behalf of this state, which he or such duly authorized fiscal agent or […]

63 – Expense of Preparing and Selling Bonds.

§ 63. Expense of preparing and selling bonds. From the moneys realized from the sale of bonds heretofore or hereafter authorized the comptroller shall apportion the expense of preparing and selling such bonds against the appropriation or appropriations, and shall use such apportioned funds in paying such expenses.

64 – Contracts for Dies, Plates and Engraving.

§ 64. Contracts for dies, plates and engraving. The state comptroller shall have power and authority, and it shall be his duty, to enter into and execute for and on behalf of the state such contract or contracts for dies, plates and engraving necessary for the preparation of bonds, notes and certificates of indebtedness at […]

65 – Appointment of Fiscal Agent or Trustee; Powers and Duties.

§ 65. Appointment of fiscal agent or trustee; powers and duties. 1. Notwithstanding any other provisions of this chapter, the comptroller, on behalf of the state, may contract from time to time for a period or periods not exceeding ten years each, except in the case of a bank or trust company agreeing to act […]