Title PBA, Public Authorities

§ 2543. Remedies of noteholders and bondholders. 1. In the event that\nthe corporation shall default in the payment of principal of or interest\non or sinking fund payment on any issue of notes or bonds after the same\nshall become due, whether at maturity or upon call from rede…

§ 2544. Notes and bonds as legal investments. The notes and bonds of\nthe corporation are hereby made securities in which all public officers\nand bodies of this state and all municipalities and municipal\nsubdivisions, all insurance companies and associations and other persons\…

§ 2545. Exemption from taxation. 1. It is hereby determined that the\ncreation of the corporation and the carrying out of its corporate\npurpose is in all respects a public and governmental purpose for the\nbenefit of the people of the state and for the improvement of their\nhea…

§ 2546. Employees of the corporation. 1. Notwithstanding any\ninconsistent provisions of this act, the appointment and promotion of\nall employees of and for the corporation shall be made in accordance\nwith the provisions of the civil service law and shall be subject to the\nju…

§ 2547. Actions against the corporation. (a) Except in an action for\nwrongful death, an action against the corporation for personal injury or\nproperty damage or founded on tort shall not be commenced more than one\nyear and ninety days after the cause of action thereof shall h…

§ 2548. Assistance to the corporation. With the consent of the city,\nthe corporation may use agents, employees and facilities of the city,\nincluding the corporation counsel, paying to the city its agreed\nproportion of the compensation or costs.\n

§ 2549. Corporation counsel to be attorney. The corporation counsel of\nthe city shall be attorney and counsel for the corporation, except with\nthe approval of the corporation counsel the corporation may retain or\nemploy such counsel as are necessary to carry on its corporate …

§ 2550. Termination of authority and existence. At such time as notes\nand bonds of the corporation or notes and bonds of the municipal\nassistance corporation for the city of New York, or any combination\nthereof, are outstanding in the aggregate principal amount equal to five\…

§ 2551. Bonds or notes legal investments for public authorities.\nBonds and notes of the corporation are hereby declared to be legal\ninvestments for monies of public corporations of the state of New York\nand may be used to secure deposits of monies of such corporations in\nban…

§ 2560. Definitions. The following terms, whenever used or referred to\nin this title, unless the context indicates otherwise, shall have the\nfollowing meanings:\n 1. "Corporation." The New York convention center operating\ncorporation.\n 2. "Convention center." The convention …

§ 2561. Legislative findings and declarations. It is hereby found and\ndeclared that existing facilities in the city for conventions, trade\nexhibitions and public shows including services for the operation and\nmaintenance thereof are inadequate; that construction and operation…

§ 2562. Creation of the corporation. 1. To effectuate the purposes and\nprovisions of this title, there is hereby created the "New York\nconvention center operating corporation", which shall be a body\ncorporate and politic constituting a public benefit corporation. The\ncorpora…

§ 2563. General powers of the corporation. In the exercise of the\npowers conferred and the performance of the duties imposed upon it by\nsection twenty-five hundred sixty-four of this title, and subject to the\nlimitations contained in other sections of this title, the corporat…

§ 2564. Special powers and duties of the corporation. The corporation\nshall have the power and duty:\n 1. To maintain and operate the convention center including the\nexpansion project; to rent parts thereof, and grant concessions, all on\nsuch terms and conditions as it may de…

§ 2565. Cooperation by the state. For the purposes of assisting the\ncorporation in effectuating the purposes and provisions of this title,\nwith respect to the convention center, the state may, with or without\nconsideration:\n 1. Acting by and through the commissioner of gener…

§ 2566. Appropriations. 1. To assure the continued operation and\nsolvency of the corporation for the carrying out of the public purposes\nof this act, there may be, notwithstanding any provision of law to the\ncontrary, annually apportioned and paid to the corporation such sum,…

§ 2567. State not liable on obligations. The obligations of the\ncorporation shall not be debts of the state, and the state shall not be\nliable thereon, and such obligations shall not be payable out of any\nfunds other than those of the corporation.\n

§ 2568. Exemption from taxation. It is hereby found, determined and\ndeclared that the creation of the corporation and the carrying out of\nits purposes is in all respects for the benefit of the people of the\nstate and is a public purpose, and that the corporation will be\nperf…

§ 2569. Moneys of the corporation. All moneys of the corporation, from\nwhatever source derived, shall be paid to the commissioner of taxation\nand finance as agent of the corporation, who shall not commingle such\nmoneys with any other moneys. Such moneys shall be deposited in …

§ 2570. Actions. A notice of claim, served in accordance with the\nprovisions of section fifty-e of the general municipal law, shall be a\ncondition precedent to the commencement of an action against the\ncorporation, its directors, officers, employees or agents. No such\naction…

§ 2571. Limitation of liability; indemnification. 1. The directors and\nofficers of the corporation, and any person acting in its behalf while\nacting within the scope of their authority, shall not be subject to any\npersonal liability resulting from carrying out any of the powe…

§ 2572. Separability. If any section, clause or provision of this\ntitle or the application thereof shall be adjudged invalid, such\njudgment shall not affect or invalidate any other section, clause or\nprovision of this title.\n

§ 2576. Short title. This title may be cited as the "Greater Rochester\nsports authority act".\n

§ 2577. Definitions. As used or referred to in this title, unless a\ndifferent meaning clearly appears from the context, the following terms\nshall mean and include:\n 1. "Authority". The corporation created by section two thousand five\nhundred seventy-eight of this title.\n 2.…

§ 2578. Greater Rochester sports authority. 1. There is hereby created\nthe Greater Rochester sports authority. The authority shall be a body\ncorporate and politic constituting a public benefit corporation. The\nauthority shall consist of three members. Two of such members shal…

§ 2579. General powers of the authority. Except as otherwise limited\nby this title, the authority 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 borrow money and issue bonds for any of its corporate powers,\npurposes or it…

§ 2580. Acquisition of real property for the authority. 1.\nNotwithstanding the provisions of any general, special or local law or\ncharter, the county is hereby empowered to purchase or lease from the\nauthority for a term not exceeding ninety-nine years, a sports facility,\nor…

§ 2581. Transfer of officers and employees. 1. In accordance with the\nprovisions of section seventy of the civil service law, any officer or\nemployee of the county, selected by the authority may, with the consent\nof the county executive, be transferred to the authority and sh…

§ 2582. Bonds of the authority. 1. The authority shall have the power\nand is hereby authorized from time to time to issue bonds, notes or\nother obligations to pay the cost of any project or for any other\npurpose under this title, including the establishment of reserves to\nse…

§ 2583. Remedies of bondholders. Subject to any resolution or\nresolutions adopted pursuant to this title:\n 1. In the event that the authority shall default in the payment of\nprincipal or of interest on any issue of bonds after the same shall\nbecome due, whether at maturity o…

§ 2584. State and county not liable on authority bonds. Neither the\nstate nor the county shall be liable on the bonds of the authority and\nsuch bonds shall not be a debt of the state nor the county and such\nbonds shall contain on the face thereof a statement to such effect.\n…

§ 2585. Moneys of the authority. All moneys of the authority from\nwhatever source derived shall be paid to the treasurer of the authority\nand shall be deposited forthwith in a bank or banks designated by the\nauthority. The moneys in such accounts shall be paid out on check of…

§ 2586. Bonds legal investment for fiduciaries. The bonds of the\nauthority are hereby made securities in which all public officers and\nbodies of the state and all municipalities, all insurance companies and\nassociations and other persons carrying on an insurance business, all…

§ 2587. Agreement with state. The state does hereby pledge to and\nagree with the holders of any bonds issued by the authority pursuant to\nthis title and with those persons or public corporations who may enter\ninto contracts with the authority pursuant to the provisions of thi…

§ 2588. Agreement with county. The county is authorized to pledge to\nand agree with the holders of any bonds issued by the authority pursuant\nto this title and with those persons or public corporations who may\nenter into contracts with the authority, pursuant to the provision…

§ 2589. Tax exemption and tax contract by the state. 1. It is hereby\ndetermined that the creation of the authority and the carrying out of\nits corporate purposes are in all respects for the benefit of the people\nof the state of New York and are public purposes. Accordingly, t…

§ 2590. Actions against authority. 1. Except in an action for wrongful\ndeath, no action or special proceeding shall be prosecuted or maintained\nagainst the authority, its members, officers, or employees for personal\ninjury or damage to real or personal property alleged to hav…

§ 2591. Contracts. 1. Construction contracts let by the authority\nshall be in conformity with the applicable provisions of section one\nhundred thirty-five of the state finance law.\n 2. The authority may, in its discretion, assign contracts for\nsupervision and coordination to…

§ 2592. Audit and annual report. In conformity with the provisions of\nsection five of article ten of the constitution, the accounts of the\nauthority shall be subject to the supervision of the state comptroller\nand an annual audit shall be performed by an independent certified…

§ 2593. Defense and indemnification. The authority shall not execute\nany of its powers, except as necessary to commence its corporate\nexistence, until it has elected to make the provision of section\neighteen of the public officers law applicable to its employees (as such\nter…

§ 2594. Code of ethics. The authority shall be deemed a state agency\nfor the purposes of section seventy-four of the public officers law.\n

§ 2595. Equal employment opportunity. The authority shall ensure that\nall employees or applicants for employment are afforded equal employment\nopportunity without discrimination on any basis prohibited under\nsubdivision two of section forty-c of the civil rights law.\n

§ 2596. Transfer of applications, proceedings, approvals and permits.\n1. Any application, review or process in relation to or in furtherance\nof the purposes of or contemplated by this title heretofore filed or\nundertaken, or any proceeding heretofore commenced or any determin…

§ 2597. Separability. If any clause, sentence, paragraph, section, or\npart of this title shall be adjudged by any court of competent\njurisdiction to be invalid, such judgment shall not affect, impair or\ninvalidate the remainder thereof, but shall be confined in its operation\…

§ 2598. Effect of inconsistent provisions. Insofar as the provisions\nof this title are inconsistent with the provisions of any other act,\ngeneral or special, or of the county or city charter or any local law,\ncharter, ordinance or resolution of any other municipality, the\npr…

§ 2603-a. Letting of certain contracts involving steel products. 1.\nNotwithstanding any other provision of law, all public authorities shall\naward contracts involving steel products as follows:\n a. All purchase contracts for supplies, material or equipment\ninvolving an estim…

§ 2605. Short title. This title shall be known and may be cited as the\n"New York state olympic regional development authority act".\n

§ 2606. Legislative findings. It is hereby found, determined and\ndeclared that there is an immediate need to institute a comprehensive,\ncoordinated program of activities utilizing the olympic facilities in\nand around Lake Placid, New York, in order to insure optimum year-roun…

§ 2607. Definitions. The following terms, whenever used or referred to\nin this title, unless the context indicates otherwise, have the\nfollowing meanings:\n 1. The term "olympic facility" shall mean any publicly owned,\nadministered or supervised facility located in the olympi…

§ 2608. New York state olympic regional development authority. 1. For\nthe purposes of effectuating the policy declared in section twenty-six\nhundred six of this title, there is hereby created the "New York state\nolympic regional development authority", referred to in this tit…