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2012 New York Consolidated Laws
ACA - Arts and Cultural Affairs
Title E - NEW YORK STATE CULTURAL RESOURCES ACT
Article 20 - (20.01 - 20.47) NEW YORK STATE CULTURAL RESOURCES ACT
20.21 - Reserve fund.


NY Arts & Cult Aff L § 20.21 (2012) What's This?
 
    § 20.21. Reserve fund. A trust may create and establish a reserve fund
  to  secure  the  bonds of a trust and may pay into such reserve fund any
  monies which may be made available to the trust for the purposes of such
  fund from  any  source,  including  without  limitation  tax-equivalency
  payments.  The monies held in or credited to any such reserve fund shall
  be used only in accordance with the proceedings under  which  the  bonds
  shall be issued or as provided by special law.

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