N.Y. Transportation Law § 477: Consistency with federal tax law

* § 477. Consistency with federal tax law. All actions taken pursuant

to this article shall be reviewed for consistency with provisions of the

federal internal revenue code and regulations thereunder, in accordance

with procedures established in connection with the issuance of any tax

exempt bonds pursuant to this article, to preserve the tax exempt status

of such bonds.

* NB Not effective due to defeat of the Transportation Bond Act of

2000