N.Y. Private Activity Bond Law § 8
Current through 2024 NY Law Chapter 457
To the extent that any allocation of the local agency set-aside would be made by this act to a local agency which is ineligible to receive such allocation under the code or under regulations interpreting the state volume ceiling provisions of the code, such allocation shall instead be made to the political subdivision for whose benefit that local agency was created.
N.Y. Private Activity Bond Law § 8