Public Authorities Law § 1599-m · Title 14. City of Schenectady Parking Authority
Bonds and notes legal investments for public officers and fiduciaries
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
* § 1599-m. Bonds and notes legal investments for public officers and fiduciaries. The bonds 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 except as hereinafter provided, 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. The bonds are also hereby made securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and municipal subdivisions for any purpose for which the deposit of bonds or other obligations of this state is now or may hereafter be authorized.
* NB Authority ceased to exist 08/05/2002
* NB There are 4 § 1599-m's
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/PBA1599-M%2A4
- Text hash
- sha256 4c8cb9242a9f50f5fd86dc6c8d43b7e054188fbfb28a86273d1fa1577c7ca421
- 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 "Authority ceased to exist 08/05/2002" is printed with the text.
- The Senate's note "There are 4 § 1599-m's": the Legislature enacted more than one unit under that number; each is printed.
- The Legislature enacted more than one section numbered 1599-m; this is number 4 as the Senate prints them.
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.