N.Y. Comp. Codes R. & Regs. tit. 21 § 9770.6

Current through Register Vol. 46, No. 50, December 11, 2024

Section 9770.6 - Sources of funds available for payment of interest

The corporation, where required pursuant to this Part, may pay interest on invoices from:

(a) moneys which represent the proceeds of the issuance of its obligations, where the contract payment itself is to be made from such moneys;

(b) moneys appropriated to the corporation and not deriving from the issuance of its obligations, where the contract payment is to be made from such moneys; or

(c) other moneys held by the corporation for the purposes of making such interest payments.

N.Y. Comp. Codes R. & Regs. Tit. 21 § 9770.6