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0 chapters · 3,273 sections in this title.
N.Y. Public Authorities Law § 2437-A Tax lien collateralized securities
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§ 2437-a. Tax lien collateralized securities. (1) The agency or its tax lien entity shall have the power and is hereby authorized from time to time to issue its tax lien collateralized securities in such principal amounts as, in the opinion of the agency, shall be necessary to p…
N.Y. Public Authorities Law § 2438 Bond authorization
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§ 2438. Bond authorization. (1) The agency shall not issue bonds and notes in an aggregate principal amount at any one time outstanding exceeding one billion dollars, excluding tax lien collateralized securities, special school purpose bonds, special school deficit program bonds…
N.Y. Public Authorities Law § 2439 Reserve funds and appropriations
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§ 2439. Reserve funds and appropriations. The agency shall create and establish one or more special funds to be known as debt service reserve funds and shall pay into such reserve funds (a) any moneys appropriated and made available by the state for the purposes of such funds, (…
N.Y. Public Authorities Law § 2440 Remedies of bondholders and noteholders
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§ 2440. Remedies of bondholders and noteholders. (1) In the event that the agency shall default in the payment of principal or of interest on any issue of bonds or notes after the same shall become due, whether at maturity or upon call for redemption, and such default shall cont…
N.Y. Public Authorities Law § 2441 State and municipalities not liable on bonds and notes
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§ 2441. State and municipalities not liable on bonds and notes. The bonds, notes, tax lien collateralized securities and other obligations of the agency and its tax lien entity shall not be a debt of the state of New York or of any municipality, and neither the state nor any mun…
N.Y. Public Authorities Law § 2442 Agreement of the state
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§ 2442. Agreement of the state. (1) The state of New York does hereby pledge to and agree with the holders of any bonds, notes or tax lien collateralized securities issued under this title that the state will not limit or alter the rights hereby vested in the agency to fulfill t…
N.Y. Public Authorities Law § 2443 Property and income
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§ 2443. Property and income. The property of the agency and its income and operations shall be exempt from taxation or assessments of every kind and nature, nor shall the agency be required to pay any recording fee or transfer tax of any kind on account of instruments recorded b…
N.Y. Public Authorities Law § 2444 Exemption from taxation of bonds, notes and tax lien collateralized securities
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§ 2444. Exemption from taxation of bonds, notes and tax lien collateralized securities. It is hereby determined that the creation of the agency is in all respects for the benefit of the people of the state, for the improvement of their health and welfare, and for the promotion o…
N.Y. Public Authorities Law § 2445 Bonds and notes as legal investments for public officers and fiduciaries
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§ 2445. Bonds and notes as legal investments for public officers and fiduciaries. The bonds and notes of the agency are hereby made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and ass…
N.Y. Public Authorities Law § 2446 Moneys of the agency
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§ 2446. Moneys of the agency. (1) Subject to any agreement with bondholders or noteholders or except as otherwise authorized or provided in this act, all moneys of the agency from whatever source derived shall be paid to the comptroller of the agency and shall be invested in any…
N.Y. Public Authorities Law § 2447 Actions
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§ 2447. Actions. In any case founded upon tort a notice of claim shall be required as a condition precedent to the commencement of an action or special proceeding against the agency or any officer, appointee or employee thereof, and the provisions of section fifty-e of the gener…
N.Y. Public Authorities Law § 2448 Limitation of liability
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§ 2448. Limitation of liability. Neither the members of the agency, nor any person or persons acting in its behalf, while acting within the scope of their authority, shall be subject to any personal liability resulting from carrying out any of the powers expressly given in this …
N.Y. Public Authorities Law § 2449 Assistance by state officers, departments, boards and commissions
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§ 2449. Assistance by state officers, departments, boards and commissions. All officers, departments, boards, agencies, divisions and commissions of the state may render any services to the agency as are within the area of their respective governmental functions as fixed by law …
N.Y. Public Authorities Law § 2450 Annual report
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§ 2450. Annual report. The agency shall submit to the governor, the chairman of the senate finance committee, the chairman of the assembly ways and means committee, the comptroller and the director of the budget within six months after the end of its fiscal year, a complete and …
N.Y. Public Authorities Law § 2451 Court proceedings; preferences; venue
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§ 2451. Court proceedings; preferences; venue. Any action or proceeding to which the agency or the people of the state of New York may be parties, in which any question arises as to the validity of this act, shall be preferred over all other civil causes except election causes i…
N.Y. Public Authorities Law § 2452 Inconsistent provisions of other laws superseded
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§ 2452. Inconsistent provisions of other laws superseded. Insofar as the provisions of this title are inconsistent with the provisions of any other law, general, special or local, the provisions of this title shall be controlling.
N.Y. Public Authorities Law § 2453 Construction
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§ 2453. Construction. This title, being necessary for the welfare of the state and its inhabitants, shall be liberally construed so as to effectuate its purposes.
N.Y. Public Authorities Law § 2454 Separability
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§ 2454. Separability. If any clause, sentence, paragraph, section or part of this title shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not effect, impair or invalidate the remainder thereof, but shall be confined in its operation to t…
N.Y. Public Authorities Law § 2460 Short title
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* § 2460. Short title. This title may be cited as the New York state sports authority act. * NB (Disbanded March, 1980)
N.Y. Public Authorities Law § 2461 Legislative findings
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* § 2461. Legislative findings. It is hereby found, determined and declared that there is an immediate need to promote the further development of recreational opportunities in the state by facilitating the acquisition, construction and rehabilitation of sports complexes, stadium…
N.Y. Public Authorities Law § 2462 Definitions
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* § 2462. Definitions. As used or referred to in this title, unless a different meaning clearly appears from the context: 1. The term "state" shall mean the state of New York; 2. The term "authority" shall mean the corporate body created by section two thousand four hundred sixt…
N.Y. Public Authorities Law § 2463 New York state sports authority
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* § 2463. New York state sports authority. 1. For the purpose of effectuating the policy declared in section twenty-four hundred sixty-one of this chapter, there is hereby created a corporate instrumentality of the state to be known as "New York state sports authority" in this t…
N.Y. Public Authorities Law § 2464 General powers of the authority
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* § 2464. General powers of the authority. Except as otherwise limited by this title, the authority shall have power: 1. To sue and be sued; 2. To have a seal and alter the same at pleasure; 3. To acquire, hold and dispose of personal property for its corporate purposes, includi…
N.Y. Public Authorities Law § 2465 Plans for sports facilities
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* § 2465. Plans for sports facilities. Any participating municipality may by resolution of its governing body or in the case of the city of New York, the board of estimate, prepare and submit a plan to the authority for the acquisition, construction, improvement or modernization…
N.Y. Public Authorities Law § 2466 The acquisition of real property
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* § 2466. The acquisition of real property. 1. The authority may from time to time determine what real property is necessary for the construction, improvement and operation of a sports facility and for parking and access thereto. If funds are made available by the authority for …
N.Y. Public Authorities Law § 2467 Bond and note authorization
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* § 2467. Bond and note authorization. 1. The authority shall have the power and is hereby authorized to issue from time to time its negotiable bonds and notes in conformity with applicable provisions of the uniform commercial code in such principal amounts as the authority shal…
N.Y. Public Authorities Law § 2468 Bonds and notes of the authority
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* § 2468. Bonds and notes of the authority. 1. All bonds and notes issued by the authority may be secured by the full faith and credit of the authority subject only to any agreements with the holders of particular bonds pledging any particular revenues or moneys of the authority…
N.Y. Public Authorities Law § 2469 Security for bonds or notes; construction and acquisition of sports facilities
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* § 2469. Security for bonds or notes; construction and acquisition of sports facilities. 1. The principal of and interest on any bonds or notes issued by the authority may be secured by a pledge of any revenues and receipts of the authority and may be secured by a lease or othe…
N.Y. Public Authorities Law § 2470 Resources of authority
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* § 2470. Resources of authority. 1. The authority may receive, accept, invest, administer, expend and disburse for its corporate purposes appropriations from the capital construction fund and the state purposes fund of the state, payments made to it by participating municipalit…
N.Y. Public Authorities Law § 2471 Lease agreements
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* § 2471. Lease agreements. 1. Any agreement entered into between the authority and a participating municipality may provide for (i) the construction, acquisition, reconstruction, rehabilitation or improvement of one or more sports facilities, and (ii) the leasing thereof and of…
N.Y. Public Authorities Law § 2472 Reserve fund
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* § 2472. Reserve fund. 1. The authority may create and establish one or more reserve funds to be known as debt service reserve funds and may pay into such reserve funds (a) any payments received from a participating municipality (b) any moneys appropriated and made available by…
N.Y. Public Authorities Law § 2473 State aid guarantee; withholding thereof
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* § 2473. State aid guarantee; withholding thereof. 1. In the event that a participating municipality fails to make its required payment, in whole or in part, to the authority, the chairman of the authority shall certify to the comptroller that such municipality has failed to me…
N.Y. Public Authorities Law § 2474 Extraordinary conditions provision
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* § 2474. Extraordinary conditions provision. In the event that a participating municipality fails to make its required payment in whole or in part, to the authority because of extraordinary conditions beyond the control of the participating municipality as determined by the aut…
N.Y. Public Authorities Law § 2475 Remedies of bondholders and noteholders
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* § 2475. Remedies of bondholders and noteholders. 1. In the event that the authority shall default in the payment of principal or of interest on any issue of bonds or notes after the same shall become due, whether at maturity or upon call for redemption, and such default shall …
N.Y. Public Authorities Law § 2476 State and municipalities not liable on bonds and notes
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* § 2476. State and municipalities not liable on bonds and notes. The bonds, notes and other obligations of the authority shall not be a debt of the state of New York or of any municipality, and neither the state nor any municipality shall be liable thereon, nor shall they be pa…
N.Y. Public Authorities Law § 2477 Agreement of the state
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* § 2477. Agreement of the state. The state of New York does hereby pledge to and agree with the holders of any bonds or notes issued under this title that the state will not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreements made wit…
N.Y. Public Authorities Law § 2478 Property and income
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* § 2478. Property and income. The property of the authority and its income and operations shall be exempt from taxation, assessments or service charges of every kind and nature, and the authority shall not be required to pay any recording fee or transfer tax of any kind on acco…
N.Y. Public Authorities Law § 2479 Exemption from taxation of bonds and notes
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* § 2479. Exemption from taxation of bonds and notes. It is hereby determined that the creation of the authority is in all respects for the benefit of the people of the state, for the improvement of their health and welfare, and for the promotion of the economy, and that said pu…
N.Y. Public Authorities Law § 2480 Bonds and notes as legal investments for public officers and fiduciaries
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* § 2480. Bonds and notes as legal investments for public officers and fiduciaries. The bonds and notes of the authority are hereby made securities in which all public officers and bodies of this state and all political subdivisions thereof, all insurance companies and associati…
N.Y. Public Authorities Law § 2481 Actions
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* § 2481. Actions. In any case founded upon tort a notice of claim shall be required as a condition precedent to the commencement of an action or special proceeding against the authority or any officer, appointee or employee thereof, and the provisions of section fifty-e of the …
N.Y. Public Authorities Law § 2482 Limitation of liability
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* § 2482. Limitation of liability. Neither the members of the authority, nor any person or persons acting in its behalf, while acting within the scope of their authority, shall be subject to any personal liability resulting from carrying out any of the powers expressly given in …
N.Y. Public Authorities Law § 2483 Assistance by state officers, departments, boards and commissions
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* § 2483. Assistance by state officers, departments, boards and commissions. All officers, departments, boards, agencies, divisions and commissions of the state may render any services to the authority as are within the area of their respective governmental functions as fixed by…
N.Y. Public Authorities Law § 2484 Annual report
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* § 2484. Annual report. The authority shall submit to the governor, the chairman of the senate finance committee, the chairman of the assembly ways and means committee, the comptroller and the director of the budget within six months after the end of its fiscal year, a complete…
N.Y. Public Authorities Law § 2485 Court proceedings; preferences; venue
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* § 2485. Court proceedings; preferences; venue. Any action or proceeding to which the agency or the people of the state of New York may be parties, in which any question arises as to the validity of this act, shall be preferred over all other civil causes except election causes…
N.Y. Public Authorities Law § 2486 Inconsistent provisions of other laws superseded
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* § 2486. Inconsistent provisions of other laws superseded. Insofar as the provisions of this title are inconsistent with the provisions of any other law, general, special or local, the provisions of this title shall be controlling. * NB (Disbanded March, 1980)
N.Y. Public Authorities Law § 2487 Construction
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* § 2487. Construction. This title, being necessary for the welfare of the state and its inhabitants, shall be liberally construed so as to effectuate its purposes. * NB (Disbanded March, 1980)
N.Y. Public Authorities Law § 2488 Separability
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* § 2488. Separability. If any clause, sentence, paragraph, section or part of this title shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder thereof, but shall be confined in its operation to…
N.Y. Public Authorities Law § 2490-A Short title
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§ 2490-a. Short title. This title may be cited as the "Saratoga Springs city center authority".
N.Y. Public Authorities Law § 2490-B Definitions
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§ 2490-b. 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 corporation created by section twenty-four hundred ninety-c of this title; 2. The term "city" shall mean the city of S…
N.Y. Public Authorities Law § 2490-C Saratoga Springs city center authority
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§ 2490-c. Saratoga Springs city center authority. A board to be known as the Saratoga Springs city center authority is hereby created. The board shall be a body corporate and politic, constituting a public benefit corporation, and its existence shall commence upon the appointmen…