New York Laws
Title 14 - City of Binghamton Parking Authority
1599-H - Moneys of the Authority.

* § 1599-h. Moneys of the authority. All moneys of the authority shall
be paid to the comptroller and treasurer of the city as agent of the
authority, who shall not commingle such moneys with any other moneys.
Such moneys shall be deposited in a separate bank account or accounts.
The moneys in such accounts shall be paid out by the comptroller and
treasurer of the city on requisition of the chairman of the authority or
of such other person or persons as the authority may authorize to make
such requisitions after audit by the comptroller of the city. All
deposits of such moneys shall, if required by the comptroller and
treasurer of the city or the authority, be secured by obligations of the
United States or of the state of New York of a market value equal at all
times to the amount of the deposit, and all banks and trust companies
are authorized to give such security for such deposits. The comptroller
and the mayor and the members of the common council of the city and
their legally authorized representatives are authorized and empowered
from time to time to examine the accounts and books of the authority,
including its receipts, disbursements, contracts, leases, sinking funds,
investments and any other records and papers relating to its financial
standing. The authority shall have power, notwithstanding the provisions
of this section, to contract with the holders of any of its bonds as to
the custody, collection, securing, investment and payment of any moneys
of the authority or any moneys held in trust or otherwise for the
payment of bonds or in any way to secure bonds, and to carry out any
such contract notwithstanding that such contract may be inconsistent
with the previous provisions of this section. Moneys held in trust or
otherwise for the payment of bonds or in any way to secure bonds and
deposits of such moneys may be acquired in the same manner as moneys of
the authority, and all banks and trust companies are authorized to give
such security for such deposits. The accounts of the authority shall be
subject to the supervision of the state comptroller. The authority shall
render a complete account of its proceedings to the common council at
such time or times as requested to do so by said common council.

* NB Authority ceased to exist 12/31/99

* NB There are 4 § 1599-h's