General Municipal Law 860 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 859-B Special procedure for the provision of financial assistance to continuing care retirement communities up TITLE 1 Agencies, Organization and Powers next SECTION 861 Notification of budget Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 860 Moneys of the agency General Municipal (GMU) CHAPTER 24, ARTICLE 18-A, TITLE 1 § 860. Moneys of the agency. The agency shall have power to contract with the holders of any of its bonds or notes as to the custody, collection, securing, investment and payment of any moneys of the agency or any moneys held in trust or otherwise for the payment of bonds or notes or in any way to secure bonds or notes and to carry out any such contract. Moneys held in trust or otherwise for the payment of bonds or notes or in any way to secure bonds or notes and deposits of such moneys may be secured in the same manner as moneys of the agency, and all banks and trust companies are authorized to give such security for such deposits.