General Municipal Law 414 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 413 Consent and jurisdiction of state and municipal agencies up ARTICLE 14-C Revenue-producing Undertakings next SECTION 415 Construction of article Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 414 Competing undertakings not authorized General Municipal (GMU) CHAPTER 24, ARTICLE 14-C § 414. Competing undertakings not authorized. No municipality shall have power under this article to construct any undertaking in contravention of any act of the legislature of the state of New York whereby the state of New York pledges to or agrees with the holders of any bonds issued or to be issued pursuant to said act that the state will not authorize the construction of an undertaking which will be competitive with the project authorized by said act.