Section 66-L. Certificates of participation executed and delivered by the state of New York bond bank agency on behalf of a political subdivision

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The provisions of this  article  shall  not  apply  to  certificates  of
  participation  executed and delivered by the state of New York bond bank
  agency on behalf of a political subdivision as provided for  in  section
  one  hundred nine-b of the general municipal law and section twenty-four
  hundred thirty-five-a of the public authorities law.

                    
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