New York Laws
Title 14 - Broome County Sports Center Authority
2058 - Moneys of the Authority.

* § 2058. Moneys of the authority. All moneys of the authority shall
be paid to the county treasurer as agent of the authority, who shall
designate depositories and who shall not commingle such moneys with any
other moneys. The moneys shall be deposited in a separate bank account
or accounts. The moneys in such accounts shall be paid out on checks of
the treasurer on requisition of the chairman of the authority or of such
other person or persons as the authority may authorize upon proper audit
of the county of Broome.

All deposits of such moneys shall, if required by the treasurer, 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
the deposits.

The Broome county auditor and his 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 and the deposits of such moneys may be secured
in the same manner as moneys of the authority, and all banks and trust
companies are authorized to give such security for such deposits.

* NB Authority dissolved September 1, 1977