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Private Activity Bond § 9 · Title 1. Private Activity Bond Allocation Act of 1990

Municipal reallocation

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Text — Law content up to date as of September 22, 2014, as published by the New York State Senate (Open Legislation)

* § 9. Municipal reallocation. The chief executive officer of any political subdivision or, if such political subdivision has no chief executive officer, the governing board of the political subdivision for the benefit of which a local agency has been established, may withdraw all or any portion of the allocation granted by section three of this act to such local agency. The political subdivision may then reallocate all or any portion of such allocation, as well as all or any portion of the allocation received pursuant to section eight of this act, to itself or any other issuer established for the benefit of that political subdivision or may assign all or any portion of the allocation received pursuant to section eight of this act to the local agency created for its benefit. The chief executive officer or governing board of the political subdivision, as the case may be, shall notify the commissioner of any such reallocation. * NB Repealed January 1, 1991

Source of truth

Edition
Law content up to date as of September 22, 2014, as published by the New York State Senate (Open Legislation)
Official file
https://legislation.nysenate.gov/pdf/laws/PAB9
Text hash
sha256 f9f33c996f4a0b575e49e708909821f27c1f70263c0f1fdec7b8cd7c32603ead
Composed by
gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
  • The Senate's note "Repealed January 1, 1991" dates the end of this text, or of part of it, in the past; the Senate still prints it.

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.