N.Y. Public Authorities Law § 1285-n: Issuance and sale of recipient bonds and notes

§ 1285-n. Issuance and sale of recipient bonds and notes.

Notwithstanding subdivision two of section one thousand eighty of this

article, or any by-law, rule or regulation requiring the recipient to

issue bonds or notes at a public or competitive sale, any recipient of a

financing from the corporation pursuant to section twelve hundred

eighty-five-j, twelve hundred eighty-five-m or twelve hundred

eighty-five-o of this title may validly issue its notes or bonds to the

corporation, as evidence of its obligation to repay such financing.