ยง 20.21. Reserve fund. A trust may create and establish a reserve fund
to secure the bonds of a trust and may pay into such reserve fund any
monies which may be made available to the trust for the purposes of such
fund from any source, including without limitation tax-equivalency
payments. The monies held in or credited to any such reserve fund shall
be used only in accordance with the proceedings under which the bonds
shall be issued or as provided by special law.
Structure New York Laws
ACA - Arts and Cultural Affairs
Title E - New York State Cultural Resources Act
Article 20 - New York State Cultural Resources Act
20.05 - Legislative Findings and Determinations, and Statement of Purposes.
20.07 - Creation and Purposes of a Trust.
20.09 - Administration of a Trust.
20.11 - General Powers of a Trust.
20.13 - Special Powers of a Trust.
20.17 - Bonds and Notes of a Trust.
20.19 - Security for Bonds or Notes.
20.23 - State's Right to Require a Redemption of Bonds.
20.25 - Remedies of Bondholders and Noteholders.
20.27 - State and Municipalities Not Liable on Bonds and Notes.
20.29 - Agreement of the State.
20.31 - Bonds and Notes as Legal Investments.
20.33 - Exemption From Taxation.
20.35 - Actions by and Against a Trust.
20.37 - Cooperation With the State, Counties and Municipalities.
20.39 - Annual and Other Reports.