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N.Y. Public Authorities Law § 2068 Title not affected if in part unconstitutional or ineffective
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* § 2068. Title not affected if in part unconstitutional or ineffective. If any section, 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 ineffective, it shall be valid and effecti…
N.Y. Public Authorities Law § 2069 Inconsistent provisions in other acts superseded
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* § 2069. Inconsistent provisions in other acts superseded. Insofar as the provisions of this title are inconsistent with the provisions of any other act, general or special, or of any local law of the county, the provisions of this title shall be controlling. * NB Authority dis…
N.Y. Public Authorities Law § 207 State not liable on bonds
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* § 207. State not liable on bonds. The bonds and other obligations of the authority shall not be a debt of the state and the state shall not be liable thereon, nor shall they be payable out of any funds other than those of the authority. * NB (Abolished in 1975)
N.Y. Public Authorities Law § 208 Bonds legal investments for public officers and fiduciaries
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* § 208. Bonds legal investments for public officers and fiduciaries. The bonds are hereby made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying…
N.Y. Public Authorities Law § 209 Bonds to be tax exempt
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* § 209. Bonds to be tax exempt. The bonds shall be exempt from taxation except for transfer and estate taxes. * NB (Abolished in 1975)
N.Y. Public Authorities Law § 210 Rights and remedies of creditors
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* § 210. Rights and remedies of creditors. 1. All real and personal property, including fees and revenues of the authority and debts owing to it are exempt from levy and sale by virtue of an execution and no execution or other judicial process shall issue against the same. No ju…
N.Y. Public Authorities Law § 211 Exemption from taxation
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* § 211. Exemption from taxation. The construction, maintenance and operation of Bethpage park is in all respects for the benefit of the people of the state of New York for the increase of their pleasure, convenience and welfare and for the improvement of their health, and the a…
N.Y. Public Authorities Law § 212 Rules and regulations relating to park
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* § 212. Rules and regulations relating to park. The use of Bethpage park shall be subject to the rules and regulations of the commissioner of parks and recreation and the commission, as provided in the parks and recreation law, in the same manner as if such property were a park…
N.Y. Public Authorities Law § 212-A Jurisdiction in certain suits against the authority
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* § 212-a. Jurisdiction in certain suits against the authority. Exclusive jurisdiction is hereby conferred upon the court of claims to hear and determine the claims of any person against the authority (a) for its tortious acts and those of its agents, and (b) for breach of a con…
N.Y. Public Authorities Law § 213 Title not affected if in part unconstitutional or ineffective
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* § 213. Title not affected if in part unconstitutional or ineffective. If any section, 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 ineffective it shall be valid and effective…
N.Y. Public Authorities Law § 214 Inconsistent provisions in other acts superseded
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* § 214. Inconsistent provisions in 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. * NB (Abolished in 1975)
N.Y. Public Authorities Law § 2300 Short title
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§ 2300. Short title. This title may be cited as the "Auburn Industrial Development Act."
N.Y. Public Authorities Law § 2302 Definitions
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§ 2302. Definitions. As used or referred to in this title, unless a different meaning clearly appears from the context: 1. The term "authority" shall mean the Auburn Industrial Development Authority, the corporation created by section twenty-three hundred four of this title; 2. …
N.Y. Public Authorities Law § 2304 Auburn industrial development authority
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§ 2304. Auburn industrial development authority. A public benefit corporation to be known as the "Auburn industrial development authority" is hereby created. Such board shall be a body corporate and politic, constituting a public benefit corporation and its existence shall comme…
N.Y. Public Authorities Law § 2305 Video recordings of open meetings and public hearings
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§ 2305. Video recordings of open meetings and public hearings. The authority shall, to the extent practicable, stream all open meetings and public hearings on its website in real-time. The authority shall post video recordings of all open meetings and public hearings on its webs…
N.Y. Public Authorities Law § 2306 Purpose and powers of the authority
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§ 2306. Purpose and powers of the authority. The purposes of the authority shall be to promote, develop, encourage and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing industrial, manufacturing, warehouse, commercial and res…
N.Y. Public Authorities Law § 2307 Additional prerequisites to the provision of financial assistance
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§ 2307. Additional prerequisites to the provision of financial assistance. Prior to providing any financial assistance of more than one hundred thousand dollars to any project, the authority must comply with the following prerequisites: 1. The authority must adopt a resolution d…
N.Y. Public Authorities Law § 2308 Civil service status of officers and employees
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§ 2308. Civil service status of officers and employees. Officers and employees of any board, commission or department of the city may be transferred to the authority in accordance with the provisions of the civil service law and shall be eligible for such transfer and appointmen…
N.Y. Public Authorities Law § 2309 Conflicts of interest
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§ 2309. Conflicts of interest. All members, officers, and employees of the authority shall be subject to the provisions of article eighteen of the general municipal law.
N.Y. Public Authorities Law § 2310 Conveyance of property by the city to the authority and conveyance and leasing of said property by the authority
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§ 2310. Conveyance of property by the city to the authority and conveyance and leasing of said property by the authority. 1. The city may, by duly adopted resolution of the common council or by instruments authorized by such resolution, convey, with or without consideration, to …
N.Y. Public Authorities Law § 2311 Compensation, procurement and investment
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§ 2311. Compensation, procurement and investment. 1. The compensation of an officer or full-time employee of the authority (but not including part-time employees or consultants, including accountants, attorneys and bond counsel to the authority) shall not be contingent on the gr…
N.Y. Public Authorities Law § 2312 Construction and purchase contracts
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§ 2312. Construction and purchase contracts. The provisions of section eight hundred eighty-four of the general municipal law relating to public bidding with respect to the construction of public facilities or projects shall be applicable to the acquisition, construction, recons…
N.Y. Public Authorities Law § 2314 Moneys of the authority
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§ 2314. Moneys of the authority. All moneys of the authority, from whatever source derived, shall be paid to the treasurer of the city as agent of the authority, who shall not commingle such moneys with any other moneys. Such moneys shall be deposited in a separate bank account …
N.Y. Public Authorities Law § 2315 Uniform tax exemption policy
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§ 2315. Uniform tax exemption policy. 1. The authority shall establish a uniform tax exemption policy, with input from affected local taxing jurisdictions, which shall be applicable to provisions of financial assistance pursuant to section twenty-three hundred seven of this titl…
N.Y. Public Authorities Law § 2316 Bonds of the authority
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§ 2316. Bonds of the authority. 1. The authority shall have the power and is hereby authorized from time to time to issue its negotiable bonds for any of its corporate purposes in an aggregate principal amount not exceeding five hundred million dollars, including interest during…
N.Y. Public Authorities Law § 2318 Notes of the authority
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§ 2318. Notes of the authority. The authority shall have power from time to time to issue notes and from time to time issue renewal notes (herein referred to as notes) maturing not later than five years from their respective original dates in an amount not exceeding at any time …
N.Y. Public Authorities Law § 2320 Agreements of the city and state
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§ 2320. Agreements of the city and state. The city is authorized to, and the state does hereby, pledge to and agree with the holders of the bonds that neither the city nor the state, respectively, will limit or alter the rights, hereby vested in the authority to acquire, constru…
N.Y. Public Authorities Law § 2322 State and city not liable on bonds
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§ 2322. State and city not liable on bonds. The bonds and other obligations of the authority shall not be a debt of the state or of the city, and neither the state nor the city shall be liable thereon, nor shall they be payable out of any funds other than those of the authority.…
N.Y. Public Authorities Law § 2324 Bonds as legal investments
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§ 2324. Bonds as legal investments. The bonds are hereby made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all ban…
N.Y. Public Authorities Law § 2326 Tax exemptions
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§ 2326. Tax exemptions. 1. It is hereby determined that the creation of the authority and the carrying out of its corporate purposes is in all respects for the benefit of the people of the city and its environs, and is a public purpose, and the authority shall be regarded as per…
N.Y. Public Authorities Law § 2326-A Special provisions applicable to state sales and compensating use taxes and certain types of facilities
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§ 2326-a. Special provisions applicable to state sales and compensating use taxes and certain types of facilities. The provisions of section eight hundred seventy-five of the general municipal law shall apply to the provisions of this title and to the authority created by this t…
N.Y. Public Authorities Law § 2327 Financial records
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§ 2327. Financial records. 1. The authority shall maintain books and records in such form as may be prescribed by the state comptroller. 2. Annually within ninety days following the close of its fiscal year, the authority shall prepare and file a financial report for that fiscal…
N.Y. Public Authorities Law § 2328 Tax contract by the state
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§ 2328. Tax contract by the state. The state covenants with the purchasers and with all subsequent holders and transferees of bonds or notes issued by the authority pursuant to this title, in consideration of the acceptance of and payment for the bonds or notes, that the bonds a…
N.Y. Public Authorities Law § 2329 Equal opportunity
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§ 2329. Equal opportunity. 1. The authority shall ensure that all employees and applicants for employment are afforded equal employment opportunity without discrimination. 2. Except as is otherwise provided by collective bargaining contracts or agreements, new employment opportu…
N.Y. Public Authorities Law § 2330 Remedies of bondholders
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§ 2330. Remedies of bondholders. 1. In the event that the authority shall default in the payment of principal of or interest on any issue of the bonds after the same shall become due, whether at maturity or upon call for redemption, and such default shall continue for a period o…
N.Y. Public Authorities Law § 2332 Actions against the authority
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§ 2332. Actions against the authority. 1. In an action against the authority founded upon tort, the complaint shall contain an allegation that at least thirty days have elapsed since the demand, claim or claims upon which the action is founded were presented to a member of the a…
N.Y. Public Authorities Law § 2333 Limitation of liability
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§ 2333. Limitation of liability. Except for acts of omission or commission, with a specific intent to defraud, neither the members of the authority, nor any person or persons acting in its behalf, and within the scope of their authority, shall be subject to any personal liabilit…
N.Y. Public Authorities Law § 2334 Termination of the authority
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§ 2334. Termination of the authority. Whenever all of the bonds issued by the authority shall have been redeemed or cancelled, and all straight-lease transactions have been terminated, the authority shall cease to exist and all rights, titles, and interest and all obligations an…
N.Y. Public Authorities Law § 2336 Title not affected if in part unconstitutional or ineffective
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§ 2336. Title not affected if in part unconstitutional or ineffective. If any section, clause or provisions of this title shall be unconstitutional or be ineffective in whole or in part, to the extent that it is not unconstitutional or ineffective, it shall be valid and effectiv…
N.Y. Public Authorities Law § 2338 Inconsistent provisions in other acts superseded
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§ 2338. Inconsistent provisions in other acts superseded. Insofar as the provisions of this title are inconsistent with the provisions of any other act, general or special, or of any local law of the city, the provisions of this title shall be controlling.
N.Y. Public Authorities Law § 2400 Short title
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§ 2400. Short title. This title shall be known and may be cited as the "state of New York mortgage agency act".
N.Y. Public Authorities Law § 2401 Legislative findings
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§ 2401. Legislative findings. * It is hereby found and declared that there continues to exist throughout the state a seriously inadequate supply of safe and sanitary dwelling accommodations, including accommodations for persons and families of low income, and a seriously inadequ…
N.Y. Public Authorities Law § 2402 Definitions
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§ 2402. Definitions. As used in this title, the following words and terms shall have the following meanings unless the context shall indicate another or different meaning or intent: (1) "Agency". The state of New York mortgage agency, the corporate governmental agency created by…
N.Y. Public Authorities Law § 2403 State of New York mortgage agency
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§ 2403. State of New York mortgage agency. (1) There is hereby created the state of New York mortgage agency. The agency shall be a corporate governmental agency of the state, constituting a political subdivision and public benefit corporation. Its membership shall consist of ni…
N.Y. Public Authorities Law § 2404 Powers of the agency
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§ 2404. Powers of the agency. Except as otherwise limited by this title, the agency shall have power: (1) To sue and be sued; (2) To have a seal and alter the same at pleasure; (3) To make and execute contracts and all other instruments necessary or convenient for the exercise o…
N.Y. Public Authorities Law § 2405 Purchase of existing mortgages
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* § 2405. Purchase of existing mortgages. (1) A purpose of the agency shall be to purchase existing mortgages from banks within the state during periods when there is an inadequate supply of credit available for new residential mortgages and to require such banks to invest an am…
N.Y. Public Authorities Law § 2405-A Education loans
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§ 2405-a. Education loans. (1) For purposes of this section, the following words and terms shall have the following meaning unless the context shall indicate another or different meaning or intent: (a) "Corporation" shall mean the New York state higher education services corpora…
N.Y. Public Authorities Law § 2405-B Purchase of forward commitment mortgages
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* § 2405-b. Purchase of forward commitment mortgages. (1) A purpose of\nthe agency shall be to purchase forward commitment mortgages from banks\nwithin the state during periods when there is an inadequate supply of\ncredit available for new residential mortgages or available for…
N.Y. Public Authorities Law § 2405-C Purchase of new housing loans
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* § 2405-c. Purchase of new housing loans. (1) The agency is hereby directed, to the extent it finds it practicable, to establish a program whereby it purchases new housing loans from banks within the state during periods when there is an inadequate supply of credit available fo…
N.Y. Public Authorities Law § 2405-D Lease-to-own program
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* § 2405-d. Lease-to-own program. (1) The agency is authorized to\nparticipate in lease-to-own programs as described in this section. The\npurpose of a lease-to-own program is to provide mortgage financing for a\nresidence occupied as a primary residence by a prospective mortgag…