N.Y. Comp. Codes R. & Regs. tit. 9 § 1645-1.3
Current through Register Vol. 46, No. 25, June 18, 2024
Local agency funds, representing the proceeds of a bond issue not yet remitted to the local agency, are held by the Comptroller in the State Housing Fund and may be invested by him from time to time, in securities which are legal for the investment of State funds. Such investments are not made at the direction or request of the local agency, but sole discretion with respect thereto is reserved by the Comptroller, within the limitations of the State Finance Law.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 1645-1.3