N.Y. Comp. Codes R. & Regs. tit. 10 § 451.253

Current through Register Vol. 46, No. 41, October 9, 2024
Section 451.253 - Term endowment funds

Donated funds which, by the terms of the agreement, become available either for any legitimate purpose designated by the board or for a specific purpose designated by the donor upon the happening of an event or upon the passage of a stated period of time.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 451.253