Statute · New York General Municipal Law
N.Y. Gen. Mun. Law § 414 — Competing undertakings not authorized
N.Y. Gen. Mun. Law § 414
- Type
- Statute
- Source
- New York General Municipal Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 414. Competing undertakings not authorized. No municipality shall have power under this article to construct any undertaking in contravention of any act of the legislature of the state of New York whereby the state of New York pledges to or agrees with the holders of any bonds issued or to be…
Citator
N.Y. Gen. Mun. Law § 414 — Competing undertakings not authorized is in force in the current edition of the Code, and nothing recorded condemns it.
§ 414. Competing undertakings not authorized. No municipality shall have power under this article to construct any undertaking in contravention of any act of the legislature of the state of New York whereby the state of New York pledges to or agrees with the holders of any bonds issued or to be issued pursuant to said act that the state will not authorize the construction of an undertaking which will be competitive with the project authorized by said act.