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New York · Through 2026-09-11

N.Y. Public Authorities Law § 1020-r: Repayment of state appropriations

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Where this section sits in the code
  1. Public Authorities Law
  2. Article 5. Public Utility Authorities
  3. Title 1-A. Long Island Power Authority

* § 1020-r. Repayment of state appropriations. All appropriations made

by the state to the authority shall be treated as advances by the state

to the authority, and shall be repaid to it without interest either out

of the proceeds of bonds issued by the authority pursuant to the

provisions of this title, or by the delivery of non-interest bearing

bonds of the authority to the state for all or any part of such

advances, or out of excess revenues of the authority, at such times and

on such conditions as the state and the authority mutually may agree

upon.

* NB There are 2 § 1020-r's

Collected 2026-09-14T19:32:45Z. Source file · JSON

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