New York Laws
Title 28-A - Hudson-Mohawk Urban Cultural Park Commission
2636 - Moneys of the Commission.

§ 2636. Moneys of the commission. All moneys of the commission from
whatever source derived shall be paid to the treasurer and shall be
deposited forthwith in one or more banks and/or trust companies in the
state designated by the commission. The moneys in such accounts shall be
paid out on checks of the treasurer upon requisition by the chairman of
the commission or of such other officer or officers as the commission
may authorize to make such requisitions. All deposits of such moneys
shall be secured by obligations of or guaranteed by the United States of
America or of the state of a market value equal at all times to the
amount on deposit and all banks and trust companies are authorized to
give such security for such deposits. Any moneys of the commission not
required for immediate use or disbursement may, at the discretion of the
commission, be invested in those obligations specified pursuant to the
provisions of section ninety-eight-a of the state finance law.

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