ยง 860. Moneys of the agency. The agency shall have power to contract
with the holders of any of its bonds or notes as to the custody,
collection, securing, investment and payment of any moneys of the agency
or any moneys held in trust or otherwise for the payment of bonds or
notes or in any way to secure bonds or notes and to carry out any such
contract. Moneys held in trust or otherwise for the payment of bonds or
notes or in any way to secure bonds or notes and deposits of such moneys
may be secured in the same manner as moneys of the agency, and all banks
and trust companies are authorized to give such security for such
deposits.
Structure New York Laws
Article 18-A - Industrial Development
Title 1 - Agencies, Organization and Powers
852 - Policy and Purposes of Article.
856 - Organization of Industrial Development Agencies.
857 - Video Recordings of Open Meetings and Public Hearings.
858 - Purposes and Powers of the Agency.
858-A - Compensation, Procurement and Investment.
858-B - Equal Employment Opportunities.
859-A - Additional Prerequisites to the Provisions of Financial Assistance.
862 - Restrictions on Funds of the Agency.
868 - Agreements of the Municipality and State.
870 - State and Municipality Not Liable on Bonds or Notes.
872 - Bonds and Notes as Legal Investment.
876 - Tax Contract by the State.
878 - Remedies of Bondholders and Noteholders.
880 - Actions Against the Agency.
882 - Termination of the Agency.
886 - Title Not Affected if in Part Unconstitutional or Ineffective.