N.Y. Environmental Conservation Law 58-0109 – Consistency with federal tax law
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§ 58-0109. Consistency with federal tax law.
Terms Used In N.Y. Environmental Conservation Law 58-0109
- Bonds: shall mean general obligation bonds issued pursuant to the "clean water, clean air, and green jobs environmental bond act of 2022 " in accordance with Article of the New York state constitution and article five of the state finance law. See N.Y. Environmental Conservation Law 58-0101
All actions undertaken 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.