New York A06565 authorizes statewide municipal reciprocal program agreements and the issuance of program bonds.
New York A06565 amends the public authorities law to authorize the issuance of program bonds and the creation of statewide municipal reciprocal program agreements. The proceeds of these bonds are to be made available to a statewide municipal reciprocal program. The bill also defines terms such as "Statewide Municipal Reciprocal Program Premiums" and "Statewide Municipal Reciprocal Program Agreement.
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