Title PBA, Public Authorities

* § 2069. Inconsistent provisions in other acts superseded. Insofar as\nthe provisions of this title are inconsistent with the provisions of any\nother act, general or special, or of any local law of the county, the\nprovisions of this title shall be controlling.\n * NB Authorit…

* § 207. State not liable on bonds. The bonds and other obligations of\nthe authority shall not be a debt of the state and the state shall not\nbe liable thereon, nor shall they be payable out of any funds other than\nthose of the authority.\n * NB (Abolished in 1975)\n

* § 208. Bonds legal investments for public officers and fiduciaries.\nThe bonds are hereby made securities in which all public officers and\nbodies of this state and all municipalities and municipal subdivisions,\nall insurance companies and associations and other persons carry…

* § 209. Bonds to be tax exempt. The bonds shall be exempt from\ntaxation except for transfer and estate taxes.\n * NB (Abolished in 1975)\n

* § 210. Rights and remedies of creditors. 1. All real and personal\nproperty, including fees and revenues of the authority and debts owing\nto it are exempt from levy and sale by virtue of an execution and no\nexecution or other judicial process shall issue against the same. No…

* § 211. Exemption from taxation. The construction, maintenance and\noperation of Bethpage park is in all respects for the benefit of the\npeople of the state of New York for the increase of their pleasure,\nconvenience and welfare and for the improvement of their health, and th…

* § 212. Rules and regulations relating to park. The use of Bethpage\npark shall be subject to the rules and regulations of the commissioner\nof parks and recreation and the commission, as provided in the parks and\nrecreation law, in the same manner as if such property were a p…

* § 212-a. Jurisdiction in certain suits against the authority.\nExclusive jurisdiction is hereby conferred upon the court of claims to\nhear and determine the claims of any person against the authority (a)\nfor its tortious acts and those of its agents, and (b) for breach of a\…

* § 213. Title not affected if in part unconstitutional or\nineffective. If any section, clause or provision of this title shall be\nunconstitutional or be ineffective in whole or in part, to the extent\nthat it is not unconstitutional or ineffective it shall be valid and\neffec…

* § 214. Inconsistent provisions in other acts superseded.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 * NB (Abolished in 1975)\n

§ 2300. Short title. This title may be cited as the "Auburn Industrial\nDevelopment Act."\n

§ 2302. Definitions. As used or referred to in this title, unless a\ndifferent meaning clearly appears from the context:\n 1. The term "authority" shall mean the Auburn Industrial Development\nAuthority, the corporation created by section twenty-three hundred four\nof this title…

§ 2304. Auburn industrial development authority. A public benefit\ncorporation to be known as the "Auburn industrial development authority"\nis hereby created. Such board shall be a body corporate and politic,\nconstituting a public benefit corporation and its existence shall\nc…

§ 2305. Video recordings of open meetings and public hearings. The\nauthority shall, to the extent practicable, stream all open meetings and\npublic hearings on its website in real-time. The authority shall post\nvideo recordings of all open meetings and public hearings on its w…

§ 2306. Purpose and powers of the authority. The purposes of the\nauthority shall be to promote, develop, encourage and assist in the\nacquiring, constructing, reconstructing, improving, maintaining,\nequipping and furnishing industrial, manufacturing, warehouse,\ncommercial and…

§ 2307. Additional prerequisites to the provision of financial\nassistance. Prior to providing any financial assistance of more than one\nhundred thousand dollars to any project, the authority must comply with\nthe following prerequisites:\n 1. The authority must adopt a resolut…

§ 2308. Civil service status of officers and employees. Officers and\nemployees of any board, commission or department of the city may be\ntransferred to the authority in accordance with the provisions of the\ncivil service law and shall be eligible for such transfer and\nappoin…

§ 2309. Conflicts of interest. All members, officers, and employees of\nthe authority shall be subject to the provisions of article eighteen of\nthe general municipal law.\n

§ 2310. Conveyance of property by the city to the authority and\nconveyance and leasing of said property by the authority. 1. The city\nmay, by duly adopted resolution of the common council or by instruments\nauthorized by such resolution, convey, with or without consideration, …

§ 2311. Compensation, procurement and investment. 1. The compensation\nof an officer or full-time employee of the authority (but not including\npart-time employees or consultants, including accountants, attorneys and\nbond counsel to the authority) shall not be contingent on the…

§ 2312. Construction and purchase contracts. The provisions of section\neight hundred eighty-four of the general municipal law relating to\npublic bidding with respect to the construction of public facilities or\nprojects shall be applicable to the acquisition, construction,\nre…

§ 2314. Moneys of the authority. All moneys of the authority, from\nwhatever source derived, shall be paid to the treasurer of the city as\nagent of the authority, who shall not commingle such moneys with any\nother moneys. Such moneys shall be deposited in a separate bank accou…

§ 2315. Uniform tax exemption policy. 1. The authority shall\nestablish a uniform tax exemption policy, with input from affected local\ntaxing jurisdictions, which shall be applicable to provisions of\nfinancial assistance pursuant to section twenty-three hundred seven of\nthis …

§ 2316. Bonds of the authority. 1. The authority shall have the power\nand is hereby authorized from time to time to issue its negotiable bonds\nfor any of its corporate purposes in an aggregate principal amount not\nexceeding five hundred million dollars, including interest dur…

§ 2318. Notes of the authority. The authority shall have power from\ntime to time to issue notes and from time to time issue renewal notes\n(herein referred to as notes) maturing not later than five years from\ntheir respective original dates in an amount not exceeding at any ti…

§ 2320. Agreements of the city and state. The city is authorized to,\nand the state does hereby, pledge to and agree with the holders of the\nbonds that neither the city nor the state, respectively, will limit or\nalter the rights, hereby vested in the authority to acquire, cons…

§ 2322. State and city not liable on bonds. The bonds and other\nobligations of the authority shall not be a debt of the state or of the\ncity, and neither the state nor the city shall be liable thereon, nor\nshall they be payable out of any funds other than those of the\nauthor…

§ 2324. Bonds as legal investments. The bonds are hereby made\nsecurities in which all public officers and bodies of this state and all\nmunicipalities and municipal subdivisions, all insurance companies and\nassociations and other persons carrying on an insurance business, all\…

§ 2326. Tax exemptions. 1. It is hereby determined that the creation\nof the authority and the carrying out of its corporate purposes is in\nall respects for the benefit of the people of the city and its environs,\nand is a public purpose, and the authority shall be regarded as\…

§ 2326-a. Special provisions applicable to state sales and\ncompensating use taxes and certain types of facilities. The provisions\nof section eight hundred seventy-five of the general municipal law shall\napply to the provisions of this title and to the authority created by\nth…

§ 2327. Financial records. 1. The authority shall maintain books and\nrecords in such form as may be prescribed by the state comptroller.\n 2. Annually within ninety days following the close of its fiscal year,\nthe authority shall prepare and file a financial report for that fi…

§ 2328. Tax contract by the state. The state covenants with the\npurchasers and with all subsequent holders and transferees of bonds or\nnotes issued by the authority pursuant to this title, in consideration\nof the acceptance of and payment for the bonds or notes, that the bond…

§ 2329. Equal opportunity. 1. The authority shall ensure that all\nemployees and applicants for employment are afforded equal employment\nopportunity without discrimination.\n 2. Except as is otherwise provided by collective bargaining contracts\nor agreements, new employment op…

§ 2330. Remedies of bondholders. 1. In the event that the authority\nshall default in the payment of principal of or interest on any issue of\nthe bonds after the same shall become due, whether at maturity or upon\ncall for redemption, and such default shall continue for a perio…

§ 2332. Actions against the authority. 1. In an action against the\nauthority founded upon tort, the complaint shall contain an allegation\nthat at least thirty days have elapsed since the demand, claim or claims\nupon which the action is founded were presented to a member of th…

§ 2333. Limitation of liability. Except for acts of omission or\ncommission, with a specific intent to defraud, neither the members of\nthe authority, nor any person or persons acting in its behalf, and\nwithin the scope of their authority, shall be subject to any personal\nliab…

§ 2334. Termination of the authority. Whenever all of the bonds issued\nby the authority shall have been redeemed or cancelled, and all\nstraight-lease transactions have been terminated, the authority shall\ncease to exist and all rights, titles, and interest and all obligations…

§ 2336. Title not affected if in part unconstitutional or ineffective.\nIf any section, clause or provisions of this title shall be\nunconstitutional or be ineffective in whole or in part, to the extent\nthat it is not unconstitutional or ineffective, it shall be valid and\neffe…

§ 2338. Inconsistent provisions in other acts superseded. Insofar as\nthe provisions of this title are inconsistent with the provisions of any\nother act, general or special, or of any local law of the city, the\nprovisions of this title shall be controlling.\n

§ 2400. Short title. This title shall be known and may be cited as the\n"state of New York mortgage agency act".\n

§ 2401. Legislative findings. * It is hereby found and declared that\nthere continues to exist throughout the state a seriously inadequate\nsupply of safe and sanitary dwelling accommodations, including\naccommodations for persons and families of low income, and a seriously\nina…

§ 2402. Definitions. As used in this title, the following words and\nterms shall have the following meanings unless the context shall\nindicate another or different meaning or intent:\n (1) "Agency". The state of New York mortgage agency, the corporate\ngovernmental agency creat…

§ 2403. State of New York mortgage agency. (1) There is hereby created\nthe state of New York mortgage agency. The agency shall be a corporate\ngovernmental agency of the state, constituting a political subdivision\nand public benefit corporation. Its membership shall consist of…

§ 2404. Powers of the agency. Except as otherwise limited by this\ntitle, the agency shall have power:\n (1) To sue and be sued;\n (2) To have a seal and alter the same at pleasure;\n (3) To make and execute contracts and all other instruments necessary\nor convenient for the ex…

* § 2405. Purchase of existing mortgages. (1) A purpose of the agency\nshall be to purchase existing mortgages from banks within the state\nduring periods when there is an inadequate supply of credit available\nfor new residential mortgages and to require such banks to invest an…

§ 2405-a. Education loans. (1) For purposes of this section, the\nfollowing words and terms shall have the following meaning unless the\ncontext shall indicate another or different meaning or intent:\n (a) "Corporation" shall mean the New York state higher education\nservices co…

* § 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…

* § 2405-c. Purchase of new housing loans. (1) The agency is hereby\ndirected, to the extent it finds it practicable, to establish a program\nwhereby it purchases new housing loans from banks within the state\nduring periods when there is an inadequate supply of credit available…

* § 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…

§ 2405-e. Purchase of employer assisted forward commitment mortgages.\n(1) In accordance with the authority set forth in section twenty-four\nhundred five-b of this title, the agency may purchase employer assisted\nforward commitment mortgages from banks at such prices and upon …