Title PBA, Public Authorities

§ 1813. Guaranty by the state. To the extent authorized by the\nconstitution at the time of the issuance of the special purpose bonds or\nnotes of the authority, the punctual payment of such special purpose\nbonds and notes shall be, and the same hereby is, fully and\nunconditio…

§ 1814. Loans and loan guarantees for machinery and equipment. 1.\nNotwithstanding any other provisions of this title, the authority may\nmake loans to local development corporations to assist in financing the\ncost of machinery and equipment, provided, however,\n (a) that the a…

§ 1815. Special purpose funds. 1. The following shall constitute\nspecial purpose funds of the authority and shall, except as provided in\nparagraph (g) of subdivision two of this section, be kept separate and\napart from all other funds of the authority: (a) the proceeds of sal…

§ 1816. Rate of interest. Any loan made by the authority with special\npurpose funds shall bear interest at such rate as the authority may\ndetermine but such rate shall not be less than a rate which is one\npercent below the average annual net interest cost to the authority, as…

§ 1817. Application of subtitle. Subject to the provisions of sections\neighteen hundred twenty-two and eighteen hundred twenty-three of this\ntitle, the authority shall have the power and is hereby authorized to\nmake loans with pollution control funds pursuant to this subtitle…

§ 1818. Pollution control bonds and notes. 1. The authority shall have\nthe power and is hereby authorized to issue at one time or in series\nfrom time to time (a) pollution control bonds in the aggregate principal\namount of not exceeding seventy-five million dollars, excluding…

§ 1819. State not liable on pollution control bonds and notes. The\nstate shall not be liable on pollution control bonds and notes of the\nauthority, and such bonds and notes shall contain on the face thereof a\nstatement to that effect.\n

§ 1820. Pollution control funds. 1. The following shall constitute\npollution control funds of the authority and shall be kept separate and\napart from all other funds of the authority: (a) the proceeds of sale of\npollution control bonds and notes (b) any moneys appropriated an…

§ 1821. Rate of interest to project occupant. Any loan made by the\nauthority pursuant to this subtitle to a local development corporation\nfor a project shall bear interest at such rate as the authority may\ndetermine but such rate shall not be less than the average annual net\…

§ 1822. Loans to local development corporations. a. No mortgage loan\nshall be made by the authority under the provisions of subtitle II with\nrespect to a project unless: (1) the local development corporation has\nobtained firm commitments satisfactory to the authority from res…

§ 1823. Further restrictions on loans and loan guarantees. In addition\nto other provisions of this title limiting the power of the authority to\nmake loans to local development corporations in respect of a particular\nproject, and to guarantee loans made by banking organization…

§ 1824. Applications for loans and for loan guarantees. a. A local\ndevelopment corporation may request a loan from the authority pursuant\nto the provisions of this title by filing an application therefor, which\nshall be verified by an officer of the corporation duly authorize…

§ 1825. Local development corporations. To be eligible for loans from\nthe authority, a local development corporation shall meet the following\nrequirements in addition to any others imposed by the provisions of this\ntitle:\n 1. The corporation shall (a) be incorporated or rein…

§ 1826. The project occupant. The project occupant must be found by\nthe authority to be financially responsible and presumptively able to\ncomply with the terms and conditions of any lease, mortgage or other\nagreement made by it with the authority or a local development\ncorpo…

§ 1827. Loans for multi-tenant facilities. When in the judgment of the\nauthority a need exists for additional space for industrial,\nmanufacturing, research and development use or other eligible business\nfacilities in an area of the state, it may make a loan to a local\ndevelo…

§ 1828. Expenses and reserve funds. 1. There shall be included in the\nfinancial information to be submitted annually by the authority pursuant\nto the provisions of section eighteen hundred twenty-nine of the public\nauthorities law, and in the annual report referred to in said…

§ 1828-a. Federal trust fund administration. 1. (a) Where the\nauthority, in its capacity as a trustee or administrator of the Altech\ntrust fund established pursuant to a grant agreement with the federal\neconomic development agency, has, on or before March thirty-first,\nninet…

§ 1829. Submission of certain financial information. 1. The authority\nshall submit to the governor, the chairman of the senate finance\ncommittee, the chairman of the assembly ways and means committee and the\ndirector of the budget, annually sixty days prior to the commencemen…

§ 1829-a. Submission of certain program information. 1. Annual program\nreport. The authority shall report on an annual basis beginning December\nthirty-first, nineteen hundred ninety-three, and on each December\nthirty-first thereafter, to the governor, the speaker of the assem…

§ 1830. Cooperation and assistance from other state agencies. The\ndepartment of economic development, the department of labor, the\ndepartment of financial services, the department of state and all other\nstate agencies shall cooperate with and assist the authority in the\nfulf…

§ 1830-a. Conveyance of state land. Notwithstanding section\nthirty-three of the public lands law the commissioner of general\nservices shall have power, in his discretion, from time to time to grant\nand convey to the authority, upon such terms and conditions including\nconside…

§ 1831. Authority subject to certain other provisions of law. Nothing\ncontained in any provision of this title shall be construed to relieve\nthe authority of the obligation on its part to comply with the\nprovisions of article nine of the public authorities law in force on the…

§ 1831-a. Actions. Except in an action for wrongful death, an action\nagainst the authority founded on tort shall not be commenced more than\none year and ninety days after the cause of action therefor shall have\naccrued, nor unless a notice of claim shall have been served on t…

§ 1832. Termination of the authority. The authority and its corporate\nexistence shall continue until terminated by law, provided, however,\nthat no such law shall take effect so long as the authority shall have\nbonds, notes or other obligations outstanding. Upon termination of…

§ 1833. Title not affected if in part unconstitutional or ineffective.\nIf any subtitle, section, subdivision, paragraph, sentence, clause or\nprovision of this title shall be unconstitutional or be ineffective in\nwhole or in part, to the extent that it is not unconstitutional …

§ 1834. Inconsistent provisions of other acts superseded. Insofar as\nthe provisions of this title are inconsistent with the provisions of any\nother act, general or special, the provisions of this title shall be\ncontrolling.\n

§ 1835. Statement of legislative findings. The legislature hereby\nfinds that agriculture is one of the largest industries in the state.\nThe legislature has continuously acknowledged the importance of farming\nby establishing a variety of programs to promote a strong agricultur…

§ 1835-a. Definitions. As used or referred to in this subtitle, unless\na different meaning appears from the context:\n 1. "Borrower" means the person, firm, partnership, corporation or\nother entity which receives a loan from a lender to pay the cost of a\nbusiness project.\n 2…

§ 1835-b. Additional powers of the authority. The authority shall have\nthe following additional powers only with respect to making loans to\nlenders for the purpose of financing loans for agricultural business\nprojects pursuant to this subtitle:\n 1. To prescribe standards and…

§ 1835-c. Loans to lenders. 1. The authority shall have the power and\nis hereby authorized to make and contract to make loans to lenders on\nsuch terms and conditions as it shall determine, and all lenders are\nauthorized to borrow from the authority in accordance with the\npro…

§ 1835-d. Loans to lenders bonds and notes. 1. The authority shall\nhave the power and is hereby authorized, for the purposes of this\nsubtitle, to issue at one time or in series from time to time loans to\nlenders bonds and loans to lenders notes issued in anticipation of the\n…

§ 1835-e. State not liable on loans to lenders bonds and notes. The\nstate shall not be liable on loans to lenders bonds and notes of the\nauthority, and such bonds and notes shall contain on the face thereof a\nstatement to that effect.\n

§ 1835-f. Loans to lenders funds. 1. The following shall constitute\nloans to lenders funds of the authority and shall be kept separate and\napart from all other funds of the authority: (a) the proceeds of sale of\nloans to lenders bonds and notes hereafter issued, (b) any money…

§ 1836-a. Legislative findings. The legislature hereby finds and\ndeclares that the health, safety and general welfare of the people of\nthis state are directly dependent upon the state economy, and that one\nof the principal problems of our present economy is the permanent\nclo…

§ 1836-b. Definitions. When used in this subtitle, unless the context\notherwise requires:\n 1. "Agreement" means an employee ownership assistance loan agreement\nmade pursuant to this subtitle.\n 2. "Authority" means the job development authority created by section\none thousan…

§ 1836-c. Applications for loans. 1. Any employee ownership\nassociation may apply to a local development corporation serving the\nmunicipality in which the eligible project is located for an employee\nownership assistance loan to be used to help finance an eligible\nproject. Su…

§ 1836-d. Loan preferences. In approving applications for loans under\nthis subtitle, the authority shall give preference to projects which:\n 1. have a higher level of funding from the funding partners;\n 2. have the most direct impact on local economic development and the\ncre…

§ 1836-e. Loan agreements. 1. If the authority approves an application\nfor a loan under this subtitle, the local development corporation may\nenter into a loan agreement with the employee ownership association\nwhereby the local development corporation agrees to loan to the emp…

§ 1836-f. Repayment of loans; interest. The entire amount loaned shall\nbe repaid by the employee ownership association to the authority or its\ndesignee.\n

§ 1836-g. Rules and regulations of the authority. 1. The authority\nshall make, promulgate and enforce such reasonable rules and regulations\nrelating to its duties under this subtitle as it may deem appropriate.\n 2. To effectuate the purposes of this subtitle, the authority ma…

§ 1837. Legislative findings. The legislature hereby finds that one of\nthe major concerns of the existing economy is the limited access to\nfinancing assistance of businesses and services that support or\nfacilitate employment and economic development, but are not themselves\nd…

§ 1837-a. Definitions. When used in this subtitle unless the context\notherwise requires:\n 1. "Eligible project" means the acquisition, renovation,\nrehabilitation or development of property necessary to commence and\ncomplete operation of projects that are not primarily reside…

§ 1837-b. Loans to local development corporations. 1. No loan shall be\nmade by the authority under the provisions of this subtitle with respect\nto an eligible project unless: (a) the local development corporation has\nobtained firm commitments satisfactory to the authority fro…

§ 1837-c. Regulations by authority. The authority shall promulgate\nrules and regulations to effectuate the purposes of this subtitle which\nshall be subject to the approval of the director of the budget.\n

§ 1838. Bonding guarantee assistance program. 1. There is hereby\ncreated a state bonding guarantee assistance program to enable small\nbusinesses, and minority-owned and women-owned business enterprises,\ncertified as a minority-owned or women-owned business enterprise\npursuan…

§ 1850. Short title. This title may be cited as the "New York state\nenergy research and development authority act".\n

§ 1850-a. Legislative declaration. It is hereby declared that the need\nfor obtaining and maintaining an adequate and continuous supply of safe,\ndependable and economical power and energy is a matter of serious\nconcern to the people of the state; that accelerated development a…

§ 1851. Definitions. As used or referred to in this title, unless a\ndifferent meaning clearly appears from the context:\n 1. "Nuclear fission energy" shall mean all forms of energy released in\nthe course of nuclear fission.\n 2. "Authority" shall mean the New York state energy…

§ 1852. New York state energy research and development authority. 1.\nThe authority heretofore known and designated as the "New York state\natomic and space development authority" is hereby continued and shall\nhereafter be known and designated as the New York state energy resea…

§ 1853. Approval power of the governor. 1. No action taken at any\nmeeting of the authority shall have force or effect until the governor\nshall have an opportunity to approve or veto the same.\n 2. For the purpose of procuring such approval or veto, the authority\nshall by rule…