New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 2. Department of Audit and Control |
Chapter II. Municipal Affairs |
Subchapter A. Sales of Bonds and Notes; Debt Statements |
Part 38. Sinking Funds for Bonds of Municipalities and School Districts |
Sec. 38.19. Records of the State Comptroller
Latest version.
- The State Comptroller shall keep records of all investments setting forth for each investment: purchase date, face amount, purchase price, accrued interest portion of the purchase price, maturity date, maturity amount, interest rate, interest payment dates, disposition date, disposition price, accrued interest portion of the disposition price and any other information reasonably necessary to the issuer to enable it to comply with Federal Tax Law. Investments purchased with amounts on deposit in more than one sinking fund account shall be identified as such. Such records shall be available to the issuer upon reasonable request.