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N.Y. Environmental Conservation Law § 58-0109

Consistency with federal tax law

Redline — January 1, 2022 → current.View current text →
Current — January 1, 2024
As of January 1, 2022
* § 58-0109. Consistency with federal tax law.\n All actions undertaken pursuant to this article shall be reviewed for\nconsistency with provisions of the federal internal revenue code and\nregulations thereunder, in accordance with procedures established in\nconnection with the issuance of any tax exempt bonds pursuant to this\narticle, to preserve the tax exempt status of such bonds.\n * NB Takes effect only if section 1 of part TT of chapter 59 of the\nlaws of 2021 enacting the environmental bond act of 2022 "restore mother\nnature" is submitted to the people at the general election to be held in\nNovember 2022 and is approved by the majority of votes\n
§ 58-0109. Consistency with federal tax law.\n All actions undertaken pursuant to this article shall be reviewed for\nconsistency with provisions of the federal internal revenue code and\nregulations thereunder, in accordance with procedures established in\nconnection with the issuance of any tax exempt bonds pursuant to this\narticle, to preserve the tax exempt status of such bonds.\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.