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0 chapters · 3,273 sections in this title.
N.Y. Public Authorities Law § 2490-D Purposes and powers of the authority
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§ 2490-d. Purposes and powers of the authority. The purposes of the authority shall be to construct, operate and maintain the project consisting of the Saratoga Springs city center authority and facilities in connection therewith. To carry out the purposes the authority shall ha…
N.Y. Public Authorities Law § 2490-E Acquisition of land for the project
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§ 2490-e. Acquisition of land for the project. 1. The authority may acquire lands by purchase or condemnation for the project. It shall have the power to sell, lease or otherwise dispose of said real property and shall retain and have the power to use the proceeds of sale, renta…
N.Y. Public Authorities Law § 2490-F Civil service status of employees
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§ 2490-f. Civil service status of employees. The appointment and promotion of all employees of the authority shall be made in accordance with the provisions of the civil service law and the rules of the city of Saratoga Springs civil service commission, and such employees shall …
N.Y. Public Authorities Law § 2490-G Contracts
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§ 2490-g. Contracts. The authority shall let contracts for construction and materials in the manner provided by law for contracts of the city.
N.Y. Public Authorities Law § 2490-H Moneys of the authority
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§ 2490-h. Moneys of the authority. 1. All moneys of the authority shall be paid to the commissioner of finance of the city of Saratoga Springs as agent for the authority, who shall designate depositories and who shall not commingle such moneys with any other moneys. The moneys i…
N.Y. Public Authorities Law § 2490-I Bonds of the authority
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§ 2490-i. Bonds of the authority. 1. The authority shall have the power and is hereby authorized from time to time to issue its negotiable bonds in conformity with applicable provisions of the uniform commercial code for its corporate purposes in the aggregate principal amount o…
N.Y. Public Authorities Law § 2490-J Remedies of bondholders
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§ 2490-j. Remedies of bondholders. Subject to any resolution or resolutions adopted pursuant to paragraph (j) of subdivision three of section twenty-four hundred ninety-i of this title. 1. In the event that the authority shall default in the payment of principal of or interest o…
N.Y. Public Authorities Law § 2490-K State, city and municipalities not liable on authority bonds
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§ 2490-k. State, city and municipalities not liable on authority bonds. Neither the state, the city nor any other municipality or public corporation shall be liable on the bonds of the authority and such bonds shall not be a debt of the state, the city or any other municipality …
N.Y. Public Authorities Law § 2490-L Bonds legal investment for fiduciaries
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§ 2490-l. Bonds legal investment for fiduciaries. The bonds of the authority are hereby made securities in which all public officials and bodies of the state and all municipalities, all insurance companies and associations and other persons carrying on an insurance business, all…
N.Y. Public Authorities Law § 2490-M Agreement with the state
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§ 2490-m. Agreement with the state. The state hereby pledges to and agrees with the holders of any bonds issued by the authority pursuant to this title, that the state will not alter or limit the rights hereby vested in the authority to purchase, construct, maintain, operate, re…
N.Y. Public Authorities Law § 2490-N Exemption from taxes, assessments and certain fees
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§ 2490-n. Exemption from taxes, assessments and certain fees. 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 state and is a public purpose and the authority shal…
N.Y. Public Authorities Law § 2490-O Actions against authority
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§ 2490-o. Actions against authority. 1. Except in an action for wrongful death, no action or special proceeding shall be prosecuted or maintained against the authority for personal injury or damage to real or personal property alleged to have been sustained by reason of the negl…
N.Y. Public Authorities Law § 2490-P Title not affected if in part unconstitutional or ineffective
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§ 2490-p. 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 § 2490-Q Inconsistent provisions in other acts superseded
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§ 2490-q. 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 § 2500 Short title
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* § 2500. Short title. This title may be cited as the "New York city sports authority act". * NB (Discontinued-Board of Directors never appointed)
N.Y. Public Authorities Law § 2501 Definitions
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* § 2501. Definitions. As used or referred to in this title, unless a different meaning clearly appears from the context, the following terms shall mean and include: 1. "Amortized value". For securities purchased at a premium above or a discount below par, the value as of any gi…
N.Y. Public Authorities Law § 2502 Legislative findings and statement of purposes
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* § 2502. Legislative findings and statement of purposes. It is hereby found, determined and declared that the city has acquired certain large sports facilities located in the city, including Yankee stadium, Shea stadium, Randall's island stadium and Singer bowl and may contempl…
N.Y. Public Authorities Law § 2503 New York city sports authority
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* § 2503. New York city sports authority. 1. There is hereby created the New York city sports authority which shall be a corporate governmental agency, constituting a public benefit corporation. Upon submission of a plan pursuant to section twenty-four hundred sixty-five of the …
N.Y. Public Authorities Law § 2504 General powers of the authority
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* § 2504. General powers of the authority. In the exercise of the powers conferred and the performance of duties imposed upon the authority and subject to limitations contained elsewhere in this title, the authority shall have the following general powers: 1. To sue and be sued;…
N.Y. Public Authorities Law § 2505 Acquisition of real property for the authority and contracts with the city
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* § 2505. Acquisition of real property for the authority and contracts with the city. 1. The city may, by resolution of the board of estimate, or by deed authorized by such a resolution, convey for so long as the authority's corporate existence shall continue, lease for not more…
N.Y. Public Authorities Law § 2506 Moneys of the authority
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* § 2506. Moneys of the authority. 1. Subject to the provisions of this title, the members of the authority shall receive, accept, invest, administer, expend and disburse for its corporate purposes all monies for the authority from whatever sources derived. 2. The monies of the …
N.Y. Public Authorities Law § 2507 Employees of the authority
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* § 2507. Employees of the authority. 1. Notwithstanding any inconsistent provision of this title, the appointment and promotion of all employees of and for the authority shall be made in accordance with the provisions of the civil service law under the rules of the city civil s…
N.Y. Public Authorities Law § 2508 Contracts of the authority
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* § 2508. Contracts of the authority. 1. All contracts for the construction, reconstruction, rehabilitation or improvement of buildings or structures shall be let in the manner provided by law for contracts of the city. The authority in preparing separate specifications may prov…
N.Y. Public Authorities Law § 2508-A Certain property acquired by authority
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* § 2508-a. Certain property acquired by authority. In the event that the New York state sports authority upon full amortization of any outstanding bonds issued for the acquisition, construction or rehabilitation of a sports facility, transfers such sports facility to the author…
N.Y. Public Authorities Law § 2508-B Payments to the city
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* § 2508-b. Payments to the city. Notwithstanding any provision of law, the authority may with respect to any sports facility provide in any lease or sublease that rental payments to the authority made pursuant to such lease or sublease shall include an amount which the authorit…
N.Y. Public Authorities Law § 2509 Bond and note authorization
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* § 2509. 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 § 2510 Bonds and notes of the authority
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* § 2510. 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 § 2511 Security for bonds or notes
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* § 2511. Security for bonds or notes. 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 other instrument covering all or any part of a sports f…
N.Y. Public Authorities Law § 2512 Reserve fund
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* § 2512. Reserve fund. 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 moneys appropriated and made available by the city for the purposes of such funds (b) any proceeds of sa…
N.Y. Public Authorities Law § 2513 Remedies of bondholders and noteholders
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* § 2513. 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 maturty or upon call for redemption, and such default shall c…
N.Y. Public Authorities Law § 2514 State and city not liable on bonds and notes
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* § 2514. State and city 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 the city or of any other municipality in the state, and neither the state nor any municipality shall be liable there…
N.Y. Public Authorities Law § 2515 Agreement of the state
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* § 2515. 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 § 2516 Property and income
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* § 2516. 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 § 2517 Exemption from taxation of bonds and notes
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* § 2517. 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 § 2518 Bonds and notes as legal investments
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* § 2518. Bonds and notes as legal investments. The bonds and notes of the authority 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 car…
N.Y. Public Authorities Law § 2519 Legal officer of the authority
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* § 2519. Legal officer of the authority. The Corporation Counsel shall be attorney and counsel of the authority and shall approve all legal documents as to form. * NB (Discontinued-Board of Directors never appointed)
N.Y. Public Authorities Law § 2520 Actions against authority
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* § 2520. Actions against authority. 1. Except in an action for wrongful death, an action against the authority for personal injury, real or personal property damage or destruction or founded on tort shall not be commenced more than one year and ninety days after the cause of ac…
N.Y. Public Authorities Law § 2521 Applicability
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* § 2521. Applicability. The authority shall not acquire, construct or operate any sports or other facility in the Borough of Brooklyn. * NB (Discontinued-Board of Directors never appointed)
N.Y. Public Authorities Law § 2530 Short title
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§ 2530. Short title. This title may be cited as the "New York City Stabilization Reserve Corporation Act".
N.Y. Public Authorities Law § 2531 Definitions
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§ 2531. Definitions. For the purposes of this title: 1. "City" means the city of New York. 2. "Director of management and budget" means the director of management and budget of the city of New York. 3. "Corporation" means the New York city stabilization reserve corporation as cr…
N.Y. Public Authorities Law § 2532 New York city stabilization reserve corporation
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§ 2532. New York city stabilization reserve corporation. (a) There is hereby created the New York city stabilization reserve corporation. The corporation shall be a corporate governmental agency constituting a public benefit corporation. It shall have the powers and privileges o…
N.Y. Public Authorities Law § 2533 Legislative findings and declaration of purposes
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§ 2533. Legislative findings and declaration of purposes. The legislature hereby finds and declares that the city of New York is faced with a grave and unprecedented fiscal crisis which threatens the city's ability to provide essential services and thereby endangers the welfare …
N.Y. Public Authorities Law § 2534 Administration of the corporation
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§ 2534. Administration of the corporation. (1) The corporation shall be administered by three directors, one of whom shall be the director of management and budget. The remaining two directors shall be appointed by the mayor, no more than one of whom may be a city official. Dire…
N.Y. Public Authorities Law § 2535 General powers of the corporation
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§ 2535. General powers of the corporation. The corporation shall have the following powers in addition to those specially conferred elsewhere in this title: (1) to sue and be sued; (2) to have a seal and alter the same at pleasure; (3) to make and alter by-laws for its organizat…
N.Y. Public Authorities Law § 2536 Notes and bonds of the corporation
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§ 2536. Notes and bonds of the corporation. 1. (a) The corporation shall have power and is hereby authorized from time to time to issue its negotiable notes and bonds in conformity with applicable provisions of the uniform commercial code in such principal amount, as the corpora…
N.Y. Public Authorities Law § 2537 Reserve fund and appropriations
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§ 2537. Reserve fund and appropriations. 1. (a) The corporation shall create and establish a special fund (herein referred to as the capital reserve fund) on or before December first, nineteen hundred seventy-five and shall pay into such capital reserve fund (1) any monies appro…
N.Y. Public Authorities Law § 2538 Payments to the city
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§ 2538. Payments to the city. (a) In the event that the mayor of such city certifies to the corporation an amount which is not in excess of one hundred fifty million dollars as the amount which is required by such city during the city fiscal year nineteen hundred seventy-three--…
N.Y. Public Authorities Law § 2539 Resources of the corporation
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§ 2539. Resources of the corporation. (a) Subject to the provisions of this title, the directors of the corporation shall receive, accept, invest, administer, expend and disburse for its corporate purposes all monies for the corporation from whatever sources derived including (1…
N.Y. Public Authorities Law § 2540 Payments to the corporation
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§ 2540. Payments to the corporation. (a) Since the corporation's continued discharge of its public and governmental purpose is of benefit to the city, the city shall pay, within the appropriations available therefor, the expenses of the establishment and continued operation of t…
N.Y. Public Authorities Law § 2541 Agreement with the state
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§ 2541. Agreement with the state. The state does hereby pledge to and agree with the holders of any notes or bonds issued under this title that the state will not limit or alter the rights hereby vested in the corporation to fulfill the terms of any agreements made with the said…