Title PBA, Public Authorities

§ 2796. Agreements relating to payment in lieu of taxes. 1. In order to assure that municipalities may not suffer undue loss of taxes or assessments in the event that the authority acquires any airport from the county, any person paying real property taxes or assessments as of t…

§ 2797. Audit and annual report. In conformity with the provisions of section five of article ten of the constitution, the accounts of the authority shall be subject to the supervision of the state comptroller and an annual audit shall be performed by an independent certified ac…

§ 2798. Limited liability. Neither members, officers or employees of the authority, nor any municipality, or an officer or employee thereof acting on behalf of the authority, shall be subject to any personal liability resulting from the construction, maintenance or operation of …

§ 2799. Transfer of applications, proceedings, approvals and permits. 1. Any application, review or process in relation to or in furtherance of the purposes of or contemplated by this title heretofore filed or undertaken, or any proceeding heretofore commenced or any determinati…

§ 2799-a. 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 t…

§ 2799-aa. Short title. This title shall be known and may be cited as the "New York City Transitional Finance Authority Act".

§ 2799-aaa. Short title. This title may be cited as the "Syracuse regional airport authority act".

* § 2799-aaaa. Legislative declaration. The legislature hereby finds, determines and declares that: (a) the city of New York and the New York state urban development corporation have entered into a lease providing for the urban development corporation to use its statutory powers…

§ 2799-b. Effect of inconsistent provisions. In so far as the provisions of this title are inconsistent with the provisions of any other act, general or special, or of the county charter or any local law, charter, ordinance or resolution of the county or another municipality, th…

§ 2799-bb. Definitions. For the purposes of this title, unless the context otherwise requires: 1. "Alternative revenues" means (i) sales and compensating use taxes that the city is authorized by the state to impose and (ii) taxes imposed pursuant to section eleven hundred seven …

§ 2799-bbb. Statement of legislative findings and purpose. The legislature hereby finds and declares as follows: 1. The economic well-being of the state and the general welfare of its people require adequate, safe, secure and efficient aviation and transportation facilities at a…

§ 2799-bbbb. Definitions. As used in this title, the following terms shall have the following meanings: 1. "City" shall mean the city of New York; 2. "Commissioner" shall mean the commissioner of homes and community renewal; 3. "Corporation" shall mean the Roosevelt Island opera…

§ 2799-cc. New York city transitional finance authority. 1. There is hereby created the New York city transitional finance authority. The authority shall be a corporate governmental agency constituting a public benefit corporation and an instrumentality of the state. 2. In accor…

§ 2799-ccc. Definitions. As used or referred to in this title, unless a different meaning clearly appears from the context: 1. "Airport" shall mean any area of land or water which is used, or intended for use, for the landing and takeoff of aircraft, and any appurtenant areas wh…

§ 2799-cccc. Establishment of the corporation; organization of the board. 1. To effectuate the purposes and provisions of this title, there is hereby created the "Roosevelt Island operating corporation", which shall be a body corporate and politic constituting a public benefit c…

§ 2799-dd. Administration of the authority. 1. The authority shall be administered by five directors, consisting of the director of management and budget, the commissioner of finance of the city, the commissioner of the department of design and construction of the city, the comp…

§ 2799-ddd. Syracuse regional airport authority. 1. There is hereby created the Syracuse regional airport authority. The authority shall be a body corporate and politic constituting a public benefit corporation. The authority shall consist of eleven members who shall be appointe…

§ 2799-dddd. Powers of the corporation. The corporation's powers shall be limited to carrying out the development, management and operation of Roosevelt Island. In carrying out such development, management and operation, the corporation shall have the power to: 1. Sue and be sue…

§ 2799-ee. General powers of the authority. Except as otherwise limited by this title, the authority shall have the following powers in addition to those specially conferred elsewhere in this title, subject only to agreements with bondholders: 1. to sue and be sued; 2. to have a…

§ 2799-eee. Advances on behalf of authority, transfer of property to authority, acquisition of property by city or authority. 1. In addition to any powers granted to it by law, the city or any other public corporation may, from time to time, appropriate by ordinance or resolutio…

§ 2799-eeee. Rules and regulations; approval of development plan amendments; applicability of local laws. 1. The corporation shall promulgate such rules and regulations as it shall deem appropriate to provide an opportunity for residents of Roosevelt Island to comment upon any m…

§ 2799-ff. Declaration of need. 1. The mayor shall determine and declare at least annually whether a capital financing need exists. When the mayor determines that a capital financing need exists, the mayor shall so certify and submit to the authority a transitional capital plan.…

§ 2799-fff. Transfer of officers and employees. 1. In accordance with the provisions of section seventy of the civil service law, any officer or employee of the city, selected by the authority may, with the consent of the mayor, be transferred to the authority and shall be eligi…

§ 2799-ffff. Powers and duties of urban development corporation; lease and tramway franchise. 1. The corporation shall perform all obligations of the urban development corporation or any of its subsidiaries with respect to the development, management and operation of Roosevelt I…

§ 2799-gg. Bonds of the authority. 1. The authority shall have the power and is hereby authorized from time to time to issue bonds, in conformity with applicable provisions of the uniform commercial code, in such principal amounts as it may determine to be necessary pursuant to …

§ 2799-ggg. 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 borrow money and issue bonds for any of its corporate purposes or its projects a…

§ 2799-ggg-1. Authority police force. The authority is hereby authorized and empowered to provide and maintain an authority police department and a uniformed authority police force. Each member of such uniformed police force shall be a "police officer" as that term is defined in…

§ 2799-gggg. Equal employment opportunities. 1. The corporation shall not discriminate against employees or applicants for employment because of race, creed, color, national origin, sex, sexual orientation, age, disability or marital status, and will undertake or continue progra…

§ 2799-hh. Resources of the authority. 1. Subject to the provisions of this title, the directors of the authority shall receive, accept, invest, administer, expend and disburse for its corporate purposes all money of the authority from whatever sources derived including (a) paym…

§ 2799-hhh. Special powers of the authority. In order to effectuate the purpose of this title: 1. The authority may enter into any joint service arrangements as provided in this section. 2. The authority may, establish, construct, effectuate, operate, manage, maintain, renovate,…

§ 2799-hhhh. Indemnification; notice of claims. 1. The state shall indemnify and hold harmless the corporation, urban development corporation and safe affordable housing for everyone, inc., and pursuant to section seventeen of the public officers law, their respective officers, …

§ 2799-ii. Agreement with the state. The state does hereby pledge and agree with the holders of any issue of bonds and/or bond anticipation notes secured by such a pledge that the state will not limit or alter the rights hereby vested in the authority to fulfill the terms of any…

§ 2799-iii. City notice required. Notwithstanding any inconsistent provision of this title, no project having an aggregate cost exceeding ten million dollars, including but not limited to the acquisition of real property by the authority or the expansion of the authority's aviat…

§ 2799-iiii. Annual budget and report. 1. On or before September fifteenth, nineteen hundred eighty-four and on each September fifteenth thereafter, the chair of the corporation shall make and deliver to the director of the budget for his or her review a proposed budget for the …

§ 2799-jj. Agreement with the city. The city is authorized to pledge and agree with the holders of any issue of bonds and/or bond anticipation notes secured by such a pledge that the city will not limit or alter the rights hereby vested in the authority to fulfill the terms of a…

§ 2799-jjj. Bonds of the authority. 1. The authority shall have the power and is hereby authorized from time to time to issue bonds, notes or other obligations to pay the cost of any project or for any other corporate purpose, including the establishment of reserves to secure th…

§ 2799-jjjj. Future management study. The corporation shall study the future operation and management of Roosevelt Island. Such study shall be completed by December thirty-first, nineteen hundred eighty-five.

§ 2799-kk. Bonds legal for investment and deposit. The bonds of the authority are hereby made securities in which all public officers and bodies of the state and all public corporations, municipalities and municipal subdivisions, all insurance companies and associations and othe…

§ 2799-kkk. Remedies of bondholders. Subject to any resolution or resolutions adopted pursuant to this title: 1. In the event that the authority shall default in the payment of principal or of interest on any issue of bonds after the same shall become due, whether at maturity or…

§ 2799-kkkk. Open space development prohibited. Notwithstanding any other provision of this title, or any other law to the contrary, on or after the effective date of this section, no further development or construction for other than park purposes shall be permitted on any real…

§ 2799-ll. Tax exemption and tax contract by the state. 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 of New York and is a public purpose. Accordingly, th…

§ 2799-lll. State, county, and city not liable on authority bonds. Neither the state, the county, nor the city shall be liable on the bonds of the authority and such bonds shall not be a debt of the state, the county, or the city, and such bonds shall contain on the face thereof…

§ 2799-llll. Liability for community obligations; tax exemption. 1. The obligations of the corporation shall not be debts of the state, and the state shall not be liable thereon, and such obligations shall not be payable out of any funds other than those of the corporation. 2. I…

§ 2799-mm. Actions against the authority. 1. Except in an action for wrongful death, no action or 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 neglige…

§ 2799-mmm. Moneys of the authority. All moneys of the authority from whatever source derived shall be paid to the treasurer of the authority and shall be deposited forthwith in a bank or banks designated by the authority. The moneys in such accounts shall be paid out on check o…

§ 2799-mmmm. Division of housing and community renewal; assistance and services. The corporation may from time to time request the division to perform such services and render such technical assistance to the corporation with respect to the development, management or operation o…

§ 2799-nn. Audit. The accounts of the authority shall be subject to the supervision and audit of the comptroller and the state comptroller. In addition, the authority shall be subject to an annual management and financial audit performed by an independent certified accountant se…

§ 2799-nnn. Bonds legal investment for fiduciaries. The bonds of the authority are hereby made securities in which all public officers and bodies of the state and all municipalities, all insurance companies and associations and other persons carrying on an insurance business, al…

§ 2799-nnnn. Operation of motor vehicles. In addition to any other power conferred upon it by this title, the corporation is hereby authorized to prescribe rules and regulations governing the operation, including the parking, standing or stopping of vehicles on Roosevelt Island;…

§ 2799-oo. Remedies of bondholders. Subject to any resolution or resolutions adopted pursuant to paragraph (g) of subdivision six of section twenty-seven hundred ninety-nine-gg of this title: 1. In the event that the authority shall default in the payment of principal of or inte…