N.Y. Environmental Conservation Law 56-0201 – Safe drinking water projects
§ 56-0201. Safe drinking water projects.
Terms Used In N.Y. Environmental Conservation Law 56-0201
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Of the moneys received by the state from the sale of bonds pursuant to the Clean Water/Clean Air Bond Act of 1996, three hundred fifty-five million dollars ($355,000,000) shall be used for the capitalization of a drinking water revolving fund administered by the environmental facilities corporation pursuant to § 1285-m of the public authorities law and by the department of health pursuant to title four of Article 11 of the public health law to finance drinking water infrastructure projects pursuant to the provisions of paragraph a of subdivision three of § 1285-m of the public authorities law, including financing of the state match for federal capitalization grants for the drinking water revolving fund.