New York Laws
Title 12 - New York State Environmental Facilities Corporation
1290-A - Insurance and Guarantees.

§ 1290-a. Insurance and guarantees. The corporation may obtain from
any department or agency of the United States of America any available
insurance or guaranty for the payment or repayment of interest or
principal, or both, or any part thereof, on any bonds or notes issued by
the corporation, but notwithstanding any other provisions of this title
may not enter into any agreement or contract with respect to any such
insurance or guaranty to the extent that it would in any way impair or
interfere with the ability of the corporation to perform and fulfill the
terms of any agreement made with the holders of the bonds or notes of
the corporation.

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