ยง 466. Notes and bonds as legal investments. The notes and bonds of
the fund are hereby made securities in which all public officers and
bodies of this state and all municipalities and municipal subdivisions,
all insurance companies and associations, and other persons carrying on
an insurance business, all banks, bankers, trust companies, savings
banks and savings associations, including savings and loan associations,
building and loan associations, investment companies and other persons
carrying on a banking business, all administrators, guardians,
executors, trustees and other fiduciaries, and all other persons
whatsoever who are now or may hereafter be authorized to invest in bonds
or other obligations of the state, may properly and legally invest
funds, including capital, in their control or belonging to them.
Structure New York Laws
Article 10 - New York City Educational Construction Fund
451 - Statement of Legislative Findings and Purposes.
453 - New York City Educational Construction Fund.
454 - General Powers and Duties of Fund.
455 - Relationship With the Board of Education and the City of New York.
456 - Special Provisions Relating to Acquisition and Transfer of Real Property.
457 - Plans and Specifications.
458 - Letting of Construction Contracts.
460 - Lease and Other Agreements.
461 - Notes and Bonds of the Fund.
462 - Reserve Funds, Appropriations and Other Funds and Accounts.
463 - Agreement With the State.
464 - State and City's Right to Require Redemption of Bonds.
465 - Remedies of Noteholders and Bondholders.
466 - Notes and Bonds as Legal Investments.
467 - Actions by and Against Fund.
468 - Exemptions From Taxation.
469 - Annual Report of Trustees.
470 - Article Not Affected if in Part Unconstitutional or Ineffective.