New York Public Authorities Law Section 2350-Q - Ownership of agency bonds prohibited.

  2350-q. Ownership of agency bonds prohibited. No member, officer or
  employee of the agency shall own or control the ownership of  any  bonds
  of  the  agency;  provided,  however,  that  if  any  member, officer or
  employee of the agency shall own or control the ownership of  any  bonds
  of  the  agency  on  the  date of appointment or employment as a member,
  officer or employee, such member, officer  or  employee  shall  sell  or
  otherwise  divest  ownership  of  any  such  bonds as soon as reasonably
  practicable or place such bonds in a blind trust for the  period  during
  which such person serves as a member, officer or employee of the agency.

Last modified: February 3, 2019