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N.Y. Pub. Auth. Law § 715

Repayment of state appropriations

2014-09-22

§ 715. Repayment of state appropriations. All appropriations made\nheretofore or hereafter by the state to the authority shall be treated\nas advances by the state to the authority, and shall be repaid to it\nwithout interest out of the first proceeds of bonds issued by the\nauthority for the construction of the bridge. The comptroller is hereby\nauthorized to receive from the authority amounts advanced by the state\nto the authority and to deposit the same in the state treasury to the\ncredit of the capital construction fund so that the state shall be\nreimbursed for the full amount of any and all such advances.\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.