New York Laws
Title 18 - State of New York Municipal Bond Bank Agency Act
2454 - Separability.

ยง 2454. Separability. If any clause, sentence, paragraph, section or
part of this title shall be adjudged by any court of competent
jurisdiction to be invalid, such judgment shall not effect, impair or
invalidate the remainder thereof, but shall be confined in its operation
to the clause, sentence, paragraph, section or part thereof directly
involved in the controversy in which such judgment shall have been
rendered.

Structure New York Laws

New York Laws

PBA - Public Authorities

Article 8 - Miscellaneous Authorities

Title 18 - State of New York Municipal Bond Bank Agency Act

2430 - Short Title.

2431 - Legislative Findings.

2432 - Definitions.

2433 - State of New York Municipal Bond Bank Agency.

2434 - Powers of the Agency.

2435 - Loans to Municipalities.

2435-A - Special Program Agreements.

2435-B - Tax Lien Purchase and Sale Agreements.

2435-C - Purchase of Tax Liens.

2435-D - Special School Purpose Agreements.

2435-E - Special School Deficit Program Agreements.

2436 - State Aid Guarantee.

2436-A - School Aid Revenues.

2436-B - Local Arra Bonds.

2436-C - Local Public Safety Communications Bonds.

2437 - Bonds and Notes of the Agency.

2437-A - Tax Lien Collateralized Securities.

2438 - Bond Authorization.

2439 - Reserve Funds and Appropriations.

2440 - Remedies of Bondholders and Noteholders.

2441 - State and Municipalities Not Liable on Bonds and Notes.

2442 - Agreement of the State.

2443 - Property and Income.

2444 - Exemption From Taxation of Bonds, Notes and Tax Lien Collateralized Securities.

2445 - Bonds and Notes as Legal Investments for Public Officers and Fiduciaries.

2446 - Moneys of the Agency.

2447 - Actions.

2448 - Limitation of Liability.

2449 - Assistance by State Officers, Departments, Boards and Commissions.

2450 - Annual Report.

2451 - Court Proceedings; Preferences; Venue.

2452 - Inconsistent Provisions of Other Laws Superseded.

2453 - Construction.

2454 - Separability.