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New York Consolidated Laws, Transportation Law - TRA § 58. Repurchase of bonds

Current as of January 01, 2026 | Updated by Findlaw Staff

The Utica transit authority shall have power to purchase any bonds issued by it for the purpose of retirement or investment.  The Utica transit authority shall not purchase such bonds at a price in excess of the face value thereof plus a premium of four per cent.  All bonds purchased for the purpose of retirement shall be cancelled.

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Cite this article: FindLaw.com - New York Consolidated Laws, Transportation Law - TRA § 58. Repurchase of bonds - last updated January 01, 2026 | https://codes.findlaw.com/ny/transportation-law/tra-sect-58/

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