US Laws, Codes, Statutes & Cases

 
    §  275.  Investment of sinking fund moneys. The comptroller may invest
  the moneys of the several sinking funds of the city established prior to
  July  first,  nineteen  hundred  eighty-one  in  any  of  the  following
  securities:
    1. Obligations of the city of New York.
    2. Obligations of the state of New York.
    3.  Obligations  of  the  United States or of any agency, subdivision,
  department, division or instrumentality thereof,  or  obligations  fully
  guaranteed  or  insured  as  to  interest  and  principal by any agency,
  subdivision, department,  division  or  instrumentality  of  the  United
  States, acting pursuant to a grant of authority from the congress of the
  United States.
    4. Obligations of the municipal assistance corporation for the city of
  New York.