Laws of New York (Last Updated: November 21, 2014) |
STF State Finance |
Article 5-A. CERTIFICATES OF PARTICIPATION |
Section 66-G. Indemnification
Latest version.
-
Any agreement for the issuance of certificates of participation to fund installment purchases by the state may provide that the state will indemnify the trustee, paying agent, service agent or any other person performing a similar or related function, but only to the extent that the liability triggering the event of indemnification is the fault of the state.