Public Authorities Law § 2480 · Title 19. New York State Sports Authority
Bonds and notes as 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)
* § 2480. Bonds and notes as legal investments for public officers and fiduciaries. The bonds and notes of the authority are hereby made securities in which all public officers and bodies of this state and all political subdivisions thereof, 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 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 and notes are also hereby made securities which may be deposited with and may be received by all public officers and bodies of this state and all political subdivisions thereof for any purpose for which the deposit of bonds or other obligations of this state is now or may hereafter be authorized.
* NB (Disbanded March, 1980)
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/PBA2480
- Text hash
- sha256 1a0b145a93c7c0c9e6bb8f9d20f627478a8baafaa1e84a3ae4de084370cf3aca
- 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 "(Disbanded March, 1980)" is printed with the text.
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.