New York City Educational Construction Fund | Midpage

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New York Consolidated Laws

10

New York City Educational Construction Fund

450Short title 451Statement of legislative findings and purposes 452Definitions 453New York city educational construction fund 454General powers and duties of fund 455Relationship with the board of education and the city of New York 456Special provisions relating to acquisition and transfer of real property 457Plans and specifications 458Letting of construction contracts 459Resources of the fund 460Lease and other agreements 461Notes and bonds of the fund 462Reserve funds, appropriations and other funds and accounts 463Agreement with the state 464State and city's right to require redemption of bonds 465Remedies of noteholders and bondholders 466Notes and bonds as legal investments 467Actions by and against fund 468Exemptions from taxation 469Annual report of trustees 470Article not affected if in part unconstitutional or ineffective 471Inconsistent provisions of other laws superseded