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N.Y. Arts and Cultural Affairs Law § 59.11

Moneys of the Planetarium Authority

2014-09-22

§ 59.11. Moneys of the Planetarium Authority. The moneys in the\ndeposit account of the Planetarium Authority shall be paid out on checks\nsigned by the executive director of the Planetarium Authority or by such\nother person or persons as the Planetarium Authority may authorize. All\ndeposits of such moneys shall, if required by the Planetarium Authority,\nbe secured by obligations of the United States or the state of New York,\nof a market value equal at all times to the amount of the deposit and\nall banks and trust companies are authorized to give such security for\nsuch deposits. The comptroller of the city of New York and his legally\nauthorized representatives are hereby authorized and empowered from time\nto time to examine the accounts and books of the Planetarium Authority,\nincluding its receipts, disbursements, contracts, sinking funds,\ninvestments and any other matters relating to its financial standing.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.