New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 2. Department of Audit and Control |
Chapter IV. Miscellaneous Rules |
Part 100. Bonds, Notes and Other Obligations Issued by the State |
Sec. 100.6. Payment of principal—redemption
Latest version.
- (a) Payment of principal.The State fiscal agent or issuing, paying and tender agent will pay all bonds and notes in clearinghouse funds or in immediately available funds, presented to the State fiscal agent or issuing, paying and tender agent for payment at or after maturity, upon surrender thereof accompanied by the duly completed form called for by subdivision (c) of this section.(b) Redemption.The State fiscal agent or issuing, paying and tender agent will pay all bonds and notes in clearinghouse funds or in immediately available funds, which shall have been called for redemption and are presented to the State fiscal agent or issuing, paying and tender agent for payment at or after the date of redemption, upon surrender thereof together with all appurtenant unmatured coupons, accompanied by the duly completed form called for by subdivision (c) of this section.(c) Information to be supplied on surrender of State obligations for payment.When State bonds or notes are surrendered to the State fiscal agent or issuing, paying and tender agent for payment (whether on redemption or otherwise) the holder will be required to furnish such information (on forms supplied for the purpose) as shall be required by the State fiscal agent or issuing, paying and tender agent.