Public Authorities Law § 1290-a · Title 12. New York State Environmental Facilities Corporation
Insurance and guarantees
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
§ 1290-a. Insurance and guarantees. The corporation may obtain from any department or agency of the United States of America any available insurance or guaranty for the payment or repayment of interest or principal, or both, or any part thereof, on any bonds or notes issued by the corporation, but notwithstanding any other provisions of this title may not enter into any agreement or contract with respect to any such insurance or guaranty to the extent that it would in any way impair or interfere with the ability of the corporation to perform and fulfill the terms of any agreement made with the holders of the bonds or notes of the corporation.
Source of truth
- Edition
- Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PBA1290-A
- Text hash
- sha256 8ca1cfe0cf96761c6a2f5986e5354ba01c0cb36262c7ebbff74418d466b42d16
- 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
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.