Section 2052-H. Moneys of the authority  


Latest version.
  • All moneys of the authority from
      whatever source derived shall be paid to the treasurer of the authority,
      or to the county commissioner of finance as agent of  the  authority  if
      the board shall so determine, and shall be deposited forthwith in a bank
      or  banks  in  the  state  designated  by  the board. The moneys in such
      accounts shall  be  paid  out  on  check  of  the  treasurer  or  county
      commissioner  of  finance,  as  the case may be, upon requisition by the
      board or of such other person or persons as the board may  authorize  to
      make  such requisitions. All deposits of such moneys shall be secured by
      obligations of the United States or of the state or of the county or  of
      any  other municipality within the county of a market value equal at all
      times to the amount on deposit and all banks  and  trust  companies  are
      authorized  to  give  such security for such deposits. Any moneys of the
      authority not required for immediate use or  disbursement  may,  at  the
      discretion  of the authority, be invested in those obligations specified
      pursuant to the  provisions  of  section  ninety-eight-a  of  the  state
      finance  law.  With the approval of the comptroller, the authority shall
      prescribe a system of accounts.
        * NB There are 2 § 2052-h's