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N.Y. Public Authorities Law § 1813 Guaranty by the state
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§ 1813. Guaranty by the state. To the extent authorized by the constitution at the time of the issuance of the special purpose bonds or notes of the authority, the punctual payment of such special purpose bonds and notes shall be, and the same hereby is, fully and unconditionall…
N.Y. Public Authorities Law § 1814 Loans and loan guarantees for machinery and equipment
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§ 1814. Loans and loan guarantees for machinery and equipment. 1. Notwithstanding any other provisions of this title, the authority may make loans to local development corporations to assist in financing the cost of machinery and equipment, provided, however, (a) that the amount…
N.Y. Public Authorities Law § 1815 Special purpose funds
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§ 1815. Special purpose funds. 1. The following shall constitute special purpose funds of the authority and shall, except as provided in paragraph (g) of subdivision two of this section, be kept separate and apart from all other funds of the authority: (a) the proceeds of sale o…
N.Y. Public Authorities Law § 1816 Rate of interest
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§ 1816. Rate of interest. Any loan made by the authority with special purpose funds shall bear interest at such rate as the authority may determine but such rate shall not be less than a rate which is one percent below the average annual net interest cost to the authority, as de…
N.Y. Public Authorities Law § 1817 Application of subtitle
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§ 1817. Application of subtitle. Subject to the provisions of sections eighteen hundred twenty-two and eighteen hundred twenty-three of this title, the authority shall have the power and is hereby authorized to make loans with pollution control funds pursuant to this subtitle to…
N.Y. Public Authorities Law § 1818 Pollution control bonds and notes
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§ 1818. Pollution control bonds and notes. 1. The authority shall have the power and is hereby authorized to issue at one time or in series from time to time (a) pollution control bonds in the aggregate principal amount of not exceeding seventy-five million dollars, excluding po…
N.Y. Public Authorities Law § 1819 State not liable on pollution control bonds and notes
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§ 1819. State not liable on pollution control bonds and notes. The state shall not be liable on pollution control bonds and notes of the authority, and such bonds and notes shall contain on the face thereof a statement to that effect.
N.Y. Public Authorities Law § 1820 Pollution control funds
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§ 1820. Pollution control funds. 1. The following shall constitute pollution control funds of the authority and shall be kept separate and apart from all other funds of the authority: (a) the proceeds of sale of pollution control bonds and notes (b) any moneys appropriated and m…
N.Y. Public Authorities Law § 1821 Rate of interest to project occupant
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§ 1821. Rate of interest to project occupant. Any loan made by the authority pursuant to this subtitle to a local development corporation for a project shall bear interest at such rate as the authority may determine but such rate shall not be less than the average annual net int…
N.Y. Public Authorities Law § 1822 Loans to local development corporations
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§ 1822. Loans to local development corporations. a. No mortgage loan shall be made by the authority under the provisions of subtitle II with respect to a project unless: (1) the local development corporation has obtained firm commitments satisfactory to the authority from respon…
N.Y. Public Authorities Law § 1823 Further restrictions on loans and loan guarantees
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§ 1823. Further restrictions on loans and loan guarantees. In addition to other provisions of this title limiting the power of the authority to make loans to local development corporations in respect of a particular project, and to guarantee loans made by banking organizations, …
N.Y. Public Authorities Law § 1824 Applications for loans and for loan guarantees
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§ 1824. Applications for loans and for loan guarantees. a. A local development corporation may request a loan from the authority pursuant to the provisions of this title by filing an application therefor, which shall be verified by an officer of the corporation duly authorized s…
N.Y. Public Authorities Law § 1825 Local development corporations
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§ 1825. Local development corporations. To be eligible for loans from the authority, a local development corporation shall meet the following requirements in addition to any others imposed by the provisions of this title: 1. The corporation shall (a) be incorporated or reincorpo…
N.Y. Public Authorities Law § 1826 The project occupant
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§ 1826. The project occupant. The project occupant must be found by the authority to be financially responsible and presumptively able to comply with the terms and conditions of any lease, mortgage or other agreement made by it with the authority or a local development corporati…
N.Y. Public Authorities Law § 1827 Loans for multi-tenant facilities
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§ 1827. Loans for multi-tenant facilities. When in the judgment of the authority a need exists for additional space for industrial, manufacturing, research and development use or other eligible business facilities in an area of the state, it may make a loan to a local developmen…
N.Y. Public Authorities Law § 1828 Expenses and reserve funds
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§ 1828. Expenses and reserve funds. 1. There shall be included in the financial information to be submitted annually by the authority pursuant to the provisions of section eighteen hundred twenty-nine of the public authorities law, and in the annual report referred to in said se…
N.Y. Public Authorities Law § 1828-A Federal trust fund administration
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§ 1828-a. Federal trust fund administration. 1. (a) Where the authority, in its capacity as a trustee or administrator of the Altech trust fund established pursuant to a grant agreement with the federal economic development agency, has, on or before March thirty-first, nineteen …
N.Y. Public Authorities Law § 1829 Submission of certain financial information
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§ 1829. Submission of certain financial information. 1. The authority shall submit to the governor, the chairman of the senate finance committee, the chairman of the assembly ways and means committee and the director of the budget, annually sixty days prior to the commencement o…
N.Y. Public Authorities Law § 1829-A Submission of certain program information
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§ 1829-a. Submission of certain program information. 1. Annual program report. The authority shall report on an annual basis beginning December thirty-first, nineteen hundred ninety-three, and on each December thirty-first thereafter, to the governor, the speaker of the assembly…
N.Y. Public Authorities Law § 1830 Cooperation and assistance from other state agencies
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§ 1830. Cooperation and assistance from other state agencies. The department of economic development, the department of labor, the department of financial services, the department of state and all other state agencies shall cooperate with and assist the authority in the fulfillm…
N.Y. Public Authorities Law § 1830-A Conveyance of state land
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§ 1830-a. Conveyance of state land. Notwithstanding section thirty-three of the public lands law the commissioner of general services shall have power, in his discretion, from time to time to grant and convey to the authority, upon such terms and conditions including considerati…
N.Y. Public Authorities Law § 1831 Authority subject to certain other provisions of law
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§ 1831. Authority subject to certain other provisions of law. Nothing contained in any provision of this title shall be construed to relieve the authority of the obligation on its part to comply with the provisions of article nine of the public authorities law in force on the ef…
N.Y. Public Authorities Law § 1831-A Actions
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§ 1831-a. Actions. Except in an action for wrongful death, an action against the authority founded on tort shall not be commenced more than one year and ninety days after the cause of action therefor shall have accrued, nor unless a notice of claim shall have been served on the …
N.Y. Public Authorities Law § 1832 Termination of the authority
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§ 1832. Termination of the authority. The authority and its corporate existence shall continue until terminated by law, provided, however, that no such law shall take effect so long as the authority shall have bonds, notes or other obligations outstanding. Upon termination of th…
N.Y. Public Authorities Law § 1833 Title not affected if in part unconstitutional or ineffective
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§ 1833. Title not affected if in part unconstitutional or ineffective. If any subtitle, section, subdivision, paragraph, sentence, clause or provision of this title shall be unconstitutional or be ineffective in whole or in part, to the extent that it is not unconstitutional or …
N.Y. Public Authorities Law § 1834 Inconsistent provisions of other acts superseded
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§ 1834. Inconsistent provisions of other acts superseded. Insofar as the provisions of this title are inconsistent with the provisions of any other act, general or special, the provisions of this title shall be controlling.
N.Y. Public Authorities Law § 1835 Statement of legislative findings
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§ 1835. Statement of legislative findings. The legislature hereby finds that agriculture is one of the largest industries in the state. The legislature has continuously acknowledged the importance of farming by establishing a variety of programs to promote a strong agricultural …
N.Y. Public Authorities Law § 1835-A Definitions
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§ 1835-a. Definitions. As used or referred to in this subtitle, unless a different meaning appears from the context: 1. "Borrower" means the person, firm, partnership, corporation or other entity which receives a loan from a lender to pay the cost of a business project. 2. "Agri…
N.Y. Public Authorities Law § 1835-B Additional powers of the authority
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§ 1835-b. Additional powers of the authority. The authority shall have the following additional powers only with respect to making loans to lenders for the purpose of financing loans for agricultural business projects pursuant to this subtitle: 1. To prescribe standards and crit…
N.Y. Public Authorities Law § 1835-C Loans to lenders
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§ 1835-c. Loans to lenders. 1. The authority shall have the power and is hereby authorized to make and contract to make loans to lenders on such terms and conditions as it shall determine, and all lenders are authorized to borrow from the authority in accordance with the provisi…
N.Y. Public Authorities Law § 1835-D Loans to lenders bonds and notes
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§ 1835-d. Loans to lenders bonds and notes. 1. The authority shall have the power and is hereby authorized, for the purposes of this subtitle, to issue at one time or in series from time to time loans to lenders bonds and loans to lenders notes issued in anticipation of the issu…
N.Y. Public Authorities Law § 1835-E State not liable on loans to lenders bonds and notes
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§ 1835-e. State not liable on loans to lenders bonds and notes. The state shall not be liable on loans to lenders bonds and notes of the authority, and such bonds and notes shall contain on the face thereof a statement to that effect.
N.Y. Public Authorities Law § 1835-F Loans to lenders funds
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§ 1835-f. Loans to lenders funds. 1. The following shall constitute loans to lenders funds of the authority and shall be kept separate and apart from all other funds of the authority: (a) the proceeds of sale of loans to lenders bonds and notes hereafter issued, (b) any moneys a…
N.Y. Public Authorities Law § 1836-A Legislative findings
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§ 1836-a. Legislative findings. The legislature hereby finds and declares that the health, safety and general welfare of the people of this state are directly dependent upon the state economy, and that one of the principal problems of our present economy is the permanent closing…
N.Y. Public Authorities Law § 1836-B Definitions
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§ 1836-b. Definitions. When used in this subtitle, unless the context otherwise requires: 1. "Agreement" means an employee ownership assistance loan agreement made pursuant to this subtitle. 2. "Authority" means the job development authority created by section one thousand eight…
N.Y. Public Authorities Law § 1836-C Applications for loans
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§ 1836-c. Applications for loans. 1. Any employee ownership association may apply to a local development corporation serving the municipality in which the eligible project is located for an employee ownership assistance loan to be used to help finance an eligible project. Such a…
N.Y. Public Authorities Law § 1836-D Loan preferences
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§ 1836-d. Loan preferences. In approving applications for loans under this subtitle, the authority shall give preference to projects which: 1. have a higher level of funding from the funding partners; 2. have the most direct impact on local economic development and the creation …
N.Y. Public Authorities Law § 1836-E Loan agreements
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§ 1836-e. Loan agreements. 1. If the authority approves an application for a loan under this subtitle, the local development corporation may enter into a loan agreement with the employee ownership association whereby the local development corporation agrees to loan to the employ…
N.Y. Public Authorities Law § 1836-F Repayment of loans; interest
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§ 1836-f. Repayment of loans; interest. The entire amount loaned shall be repaid by the employee ownership association to the authority or its designee.
N.Y. Public Authorities Law § 1836-G Rules and regulations of the authority
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§ 1836-g. Rules and regulations of the authority. 1. The authority shall make, promulgate and enforce such reasonable rules and regulations relating to its duties under this subtitle as it may deem appropriate. 2. To effectuate the purposes of this subtitle, the authority may re…
N.Y. Public Authorities Law § 1837 Legislative findings
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§ 1837. Legislative findings. The legislature hereby finds that one of the major concerns of the existing economy is the limited access to financing assistance of businesses and services that support or facilitate employment and economic development, but are not themselves direc…
N.Y. Public Authorities Law § 1837-A Definitions
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§ 1837-a. Definitions. When used in this subtitle unless the context otherwise requires: 1. "Eligible project" means the acquisition, renovation, rehabilitation or development of property necessary to commence and complete operation of projects that are not primarily residential…
N.Y. Public Authorities Law § 1837-B Loans to local development corporations
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§ 1837-b. Loans to local development corporations. 1. No loan shall be made by the authority under the provisions of this subtitle with respect to an eligible project unless: (a) the local development corporation has obtained firm commitments satisfactory to the authority from r…
N.Y. Public Authorities Law § 1837-C Regulations by authority
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§ 1837-c. Regulations by authority. The authority shall promulgate rules and regulations to effectuate the purposes of this subtitle which shall be subject to the approval of the director of the budget.
N.Y. Public Authorities Law § 1838 Bonding guarantee assistance program
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§ 1838. Bonding guarantee assistance program. 1. There is hereby created a state bonding guarantee assistance program to enable small businesses, and minority-owned and women-owned business enterprises, certified as a minority-owned or women-owned business enterprise pursuant to…
N.Y. Public Authorities Law § 1850 Short title
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§ 1850. Short title. This title may be cited as the "New York state energy research and development authority act".
N.Y. Public Authorities Law § 1850-A Legislative declaration
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§ 1850-a. Legislative declaration. It is hereby declared that the need for obtaining and maintaining an adequate and continuous supply of safe, dependable and economical power and energy is a matter of serious concern to the people of the state; that accelerated development and …
N.Y. Public Authorities Law § 1851 Definitions
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§ 1851. Definitions. As used or referred to in this title, unless a different meaning clearly appears from the context: 1. "Nuclear fission energy" shall mean all forms of energy released in the course of nuclear fission. 2. "Authority" shall mean the New York state energy resea…
N.Y. Public Authorities Law § 1852 New York state energy research and development authority
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§ 1852. New York state energy research and development authority. 1. The authority heretofore known and designated as the "New York state atomic and space development authority" is hereby continued and shall hereafter be known and designated as the New York state energy research…
N.Y. Public Authorities Law § 1853 Approval power of the governor
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§ 1853. Approval power of the governor. 1. No action taken at any meeting of the authority shall have force or effect until the governor shall have an opportunity to approve or veto the same. 2. For the purpose of procuring such approval or veto, the authority shall by rule desi…