ยง 3238. Payments to local governments. The local government assistance
corporation shall not issue obligations for payments to local
governments unless an appropriation or appropriations have been enacted
providing for the determination of the amount and manner of payments to
local governments. Payments to local governments from the net proceeds
of the obligations of the corporation shall be for any or all of the
following purposes:
1. elementary and secondary education, community college aid and
support for tuition assistance programs;
2. payment of the nonfederal share of local medicaid costs; and
3. other local assistance programs, including revenue sharing
assistance, aid for health and the improvement of environmental quality,
housing initiatives, mental health and drug abuse programs, mass
transportation and highway and bridge programs.
Structure New York Laws
Title 4 - New York Local Government Assistance Coporation
3233 - New York Local Government Assistance Corporation.
3234 - Administration of the Corporation.
3235 - General Powers of the Corporation.
3236 - Bonds and Notes of the Corporation.
3238 - Payments to Local Governments.
3238-A - Payment to City of New York.
3239 - Resources of the Corporation.
3240 - Payments to the Corporation.
3241 - Agreement With the State.
3241-A - Limitation on Issuance of Tax and Revenue Anticipation Notes by the State.
3242 - State and Local Governments Not Liable on Bonds and Notes.
3243 - Remedies of Bondholders and Noteholders.
3244 - Bonds and Notes as Legal Investments.
3245 - Exemption From Taxation.
3246 - Employees of the Corporation.
3247 - Actions Against the Corporation.
3248 - Assistance to the Corporation.
3249 - Preference for Actions or Proceeding Against the Corporation.