New York Laws
Title 13 - Onondaga County Solid Waste Disposal Authority
2021 - Notes of the Authority.

§ 2021. Notes of the authority. The authority shall have power and is
hereby authorized to issue negotiable bond anticipation notes and may
renew the same from time to time but the maximum maturity of any such
note, including renewals thereof, shall not exceed five years from the
date of issue of such original note. Such notes shall be paid from any
moneys of the authority available therefor and not otherwise pledged or
from the proceeds of sale of the bonds of the authority in anticipation
of which they were issued. The notes shall be issued in the same manner
as the bonds and such notes and the resolution or resolutions
authorizing the same may contain any provisions, conditions or
limitations which the bonds or a bond resolution of the authority may
contain. Such notes may be sold at public or private sale at not less
than par and shall bear interest at the legal interest rate. Such notes
shall be as fully negotiable as the bonds of the authority.

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