New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter XLII - New York State Environmental Facilities Corporation
Part 2602 - State Clean Water Revolving Fund Regulations
Section 2602.15 - Program obligations

Notwithstanding any other provision of these regulations, any investment of moneys held in reserve funds established under the master trust agreement or any financing indenture (as defined in the master trust agreement) which secure bonds, notes or other obligations of the corporation or any temporary investment of moneys in the equity fund established under the master trust agreement in program obligations shall be governed solely by the applicable provisions of the master trust agreement or such financing indenture and the corporation's investment guidelines rather than by these regulations.