New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LV - Dormitory Authority
Part 4701 - Prompt Payment Policy
Section 4701.6 - Sources of funds available for payment of interest
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 4701.6
Current through Register Vol. 46, No. 39, September 25, 2024
The authority holds or has control of moneys which represent the proceeds of the issuance of its obligations or are on deposit in operating funds of the authority derived primarily from its fees and charges, from which it may pay interest on invoices with respect to which prompt payment is not made.
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