Funds in custody of State Comptroller
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
Local agency funds, representing the proceeds of a bond issue not yet remitted to the local agency, are held by the Comptroller in the State Housing Fund and may be invested by him from time to time, in securities which are legal for the investment of State funds. Such investments are not made at the direction or request of the local agency, but sole discretion with respect thereto is reserved by the Comptroller, within the limitations of the State Finance Law.