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N.Y. Public Authorities Law § 363 Annual report
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§ 363. Annual report. The authority shall submit to the governor, to the legislature, to the comptroller and to the director of the budget on or before the first day of February of each year a detailed report setting forth its operations and fiscal transactions during the preced…
N.Y. Public Authorities Law § 3630 General powers of the corporation
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§ 3630. General powers of the corporation. Except as limited by this title, the public health law, the mental hygiene law, the social services law, the education law, the civil practice law and rules, or any other applicable law or regulation, the corporation shall have power: 1…
N.Y. Public Authorities Law § 3631 Special powers of the corporation
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§ 3631. Special powers of the corporation. In order to effectuate the purposes of this title, the corporation shall have the following additional powers, except as limited by this title, the public health law, the mental hygiene law, the social services law, the education law, t…
N.Y. Public Authorities Law § 3632 Transfer of property; relationship with county; certain gifts, loans, and guarantees by the county
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§ 3632. Transfer of property; relationship with county; certain gifts, loans, and guarantees by the county. 1. (a) The county may give, grant, sell, convey, lend, license the use of, or lease to the corporation, and the corporation may accept any property (except monies appropri…
N.Y. Public Authorities Law § 3633 Bonds or notes of the corporation
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§ 3633. Bonds or notes of the corporation. 1. The corporation 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 …
N.Y. Public Authorities Law § 3634 Remedies of bondholders
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§ 3634. Remedies of bondholders. Subject to any resolution or resolutions adopted pursuant to this title: 1. In the event that the corporation shall default in the payment of principal of or interest on any issue of bonds after the same shall become due, whether at maturity or u…
N.Y. Public Authorities Law § 3635 State and county not liable on corporation bonds
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§ 3635. State and county not liable on corporation bonds. 1. The state shall not be liable on the bonds or notes of the corporation, and such bonds or notes shall not be a debt of the state, and such bonds and notes shall contain on the face thereof a statement to such effect. 2…
N.Y. Public Authorities Law § 3636 Monies of the corporation
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§ 3636. Monies of the corporation. All monies of the corporation from whatever source derived shall be paid to the treasurer of the corporation and shall be deposited forthwith in a bank or banks designated by the corporation. The monies in such accounts shall be paid out or wit…
N.Y. Public Authorities Law § 3637 Bonds; legal investments for fiduciaries
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§ 3637. Bonds; legal investments for fiduciaries. The bonds of the corporation 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…
N.Y. Public Authorities Law § 3638 Agreement with state
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§ 3638. Agreement with state. The state does hereby pledge to and agree with the holders of any bonds issued by the corporation pursuant to this title and with those persons or public corporations who may enter into contracts with the corporation pursuant to the provisions of th…
N.Y. Public Authorities Law § 3639 Agreement with county
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§ 3639. Agreement with county. The county is authorized to pledge to and agree with the holders of any bonds issued by the corporation pursuant to this title and with those persons or public corporations who may enter into contracts with the corporation pursuant to the provision…
N.Y. Public Authorities Law § 364 Deposit and investment of moneys of the authority
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§ 364. Deposit and investment of moneys of the authority. All moneys of the authority from whatever source derived shall be paid to the comptroller as agent of the authority, who shall not commingle such moneys with any other moneys. Such moneys shall be deposited in a separate …
N.Y. Public Authorities Law § 3640 Tax exemption and tax contract by the state
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§ 3640. Tax exemption and tax contract by the state. 1. It is hereby determined that the creation of the corporation and the carrying out of its corporate purposes are in all respects for the benefit of the people of the state of New York and are public purposes. Accordingly, th…
N.Y. Public Authorities Law § 3641 Actions against corporation
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§ 3641. Actions against corporation. 1. Except in an action for wrongful death, no action or special proceeding shall be prosecuted or maintained against the corporation, its members, officers, or employees for personal injury or damage to real or personal property alleged to ha…
N.Y. Public Authorities Law § 3642 Audit and annual reports
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§ 3642. Audit and annual reports. 1. In conformity with the provisions of section five of article ten of the state constitution, the accounts of the corporation shall be subject to the supervision of the state comptroller, and an annual audit shall be performed by an independent…
N.Y. Public Authorities Law § 3643 Defense and indemnification
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§ 3643. Defense and indemnification. The corporation shall not execute any of its powers, including the special powers authorized by section thirty-six hundred thirty-one of this title, except as necessary to commence its corporate existence, until it has elected to make the pro…
N.Y. Public Authorities Law § 3644 Transfer of applications, proceedings, approvals, and permits
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§ 3644. 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 determin…
N.Y. Public Authorities Law § 3645 Separability
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§ 3645. 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 § 3646 Applicability of laws
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§ 3646. Applicability of laws. The provisions of this title shall be subject to the provisions of the civil practice law and rules, the public health law, the mental hygiene law, the social services law, the education law, and any other applicable law or regulation, including an…
N.Y. Public Authorities Law § 365 Notes or bonds of the authority
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§ 365. Notes or bonds of the authority. 1. (a) Subject to the provisions of section three hundred sixty-six of this title, the authority shall have the power and is hereby authorized from time to time to issue its negotiable notes and bonds in conformity with applicable provisio…
N.Y. Public Authorities Law § 3650 Short title
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§ 3650. Short title. This title shall be known and may be cited as the "Nassau County Interim Finance Authority Act".
N.Y. Public Authorities Law § 3651 Definitions
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§ 3651. Definitions. For the purposes of this title, unless the context otherwise requires: 1. "Authority" or "Nassau county interim finance authority" means the public benefit corporation created by this title. 2. "Bonds" means bonds, notes and other evidences of indebtedness, …
N.Y. Public Authorities Law § 3652 Nassau county interim finance authority
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§ 3652. Nassau county interim finance authority. 1. There is hereby created the Nassau county interim finance authority. The authority shall be a corporate governmental agency and instrumentality of the state constituting a public benefit corporation. 2. In accordance with the p…
N.Y. Public Authorities Law § 3653 Administration of the authority
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§ 3653. Administration of the authority. 1. The authority shall be administered by seven directors appointed by the governor. Of the seven directors, one each shall be appointed on the written recommendation of the majority leader of the state senate, the speaker of the state as…
N.Y. Public Authorities Law § 3654 General powers of the authority
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§ 3654. 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 se…
N.Y. Public Authorities Law § 3655 Declaration of need
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§ 3655. Declaration of need. 1. The county shall determine and declare whether it requests the authority to undertake a financing of costs. Any such request shall be made by the county executive and approved by the legislature. Any such financing shall be consistent with the ado…
N.Y. Public Authorities Law § 3656 Bonds of the authority
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§ 3656. Bonds of the authority. 1. The authority shall have the power and is hereby authorized from time to time to issue bonds in such principal amounts as it may determine to be necessary pursuant to section thirty-six hundred fifty-five of this title to pay any financeable co…
N.Y. Public Authorities Law § 3657 Resources of the authority
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§ 3657. 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) tax rev…
N.Y. Public Authorities Law § 3658 Agreement with the state
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§ 3658. Agreement with the state. The state does hereby pledge to and agree with the holders of any issue of bonds issued by the authority pursuant to this title and secured by such a pledge that the state will not limit, alter or impair the rights hereby vested in the authority…
N.Y. Public Authorities Law § 3659 Agreement with the county
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§ 3659. Agreement with the county. The county is authorized to pledge to and agree with the holders of any issue of bonds issued by the authority pursuant to this title and secured by such a pledge that the county will not limit, alter or impair the rights hereby vested in the a…
N.Y. Public Authorities Law § 366 Guaranty by the state
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§ 366. Guaranty by the state. 1. To the extent authorized by the constitution at the time of the issuance of notes or bonds, the punctual payment of the notes and bonds shall be, and the same hereby is, fully and unconditionally guaranteed by the state, both as to principal and …
N.Y. Public Authorities Law § 3660 Bonds legal for investment and deposit
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§ 3660. 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 other p…
N.Y. Public Authorities Law § 3661 Tax exemption and tax contract by the state
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§ 3661. 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 are in all respects for the benefit of the people of the state of New York and are public purposes. Accordingly, the …
N.Y. Public Authorities Law § 3662 Actions against the authority
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§ 3662. 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 negligence…
N.Y. Public Authorities Law § 3663 Audits
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§ 3663. Audits. 1. The accounts of the authority shall be subject to the audit of the comptroller and the state comptroller. In addition, the authority shall be subject to an annual financial audit performed by an independent certified accountant selected by the authority. Such …
N.Y. Public Authorities Law § 3664 Remedies of bondholders
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§ 3664. Remedies of bondholders. Subject to any resolution or resolutions adopted pursuant to paragraph (f) of subdivision seven of section thirty-six hundred fifty-six of this title: 1. In the event that the authority shall default in the payment of principal of or interest on …
N.Y. Public Authorities Law § 3665 Assistance to the authority; employees of the authority
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§ 3665. Assistance to the authority; employees of the authority. 1. With the consent of any public corporation, the authority may use agents, employees and facilities thereof, paying to such public corporation its agreed proportion of the compensation or costs. 2. Officers and e…
N.Y. Public Authorities Law § 3666 2000 fiscal year budget modification
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§ 3666. 2000 fiscal year budget modification. 1. The control period as set forth in section thirty-six hundred sixty-nine of this title shall be instituted on June thirtieth, two thousand, unless prior to such date (a) the county executive, after approval by the legislature, sha…
N.Y. Public Authorities Law § 3667 County financial plans
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§ 3667. County financial plans. 1. The county executive shall prepare and submit to the authority a four-year financial plan, initially for the fiscal years ending December thirty-first, two thousand one through two thousand four, together with the proposed budget for the fiscal…
N.Y. Public Authorities Law § 3668 Monitoring and review
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§ 3668. Monitoring and review. Except as otherwise provided in section thirty-six hundred sixty-nine of this title, the authority shall: 1. conduct meetings at least annually; 2. conduct audits of the Nassau county industrial development agency established pursuant to section ni…
N.Y. Public Authorities Law § 3669 Control period
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§ 3669. Control period. 1. The authority shall impose a control period over the county or the Nassau health care corporation upon its determination at any time that any of the following events has occurred or that there is a substantial likelihood and imminence of such occurrenc…
N.Y. Public Authorities Law § 367 State's right to require redemption of bonds
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§ 367. State's right to require redemption of bonds. Notwithstanding and in addition to any provisions for the redemption of bonds which may be contained in any contract with the holders of the bonds, the state may, upon furnishing sufficient funds therefor, require the authorit…
N.Y. Public Authorities Law § 3670 Miscellaneous provisions
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§ 3670. Miscellaneous provisions. 1. Notwithstanding anything to the contrary in title six-A of article two of the local finance law, neither the county nor any covered organization shall file any petition authorized by such title six-A without the approval of the authority and …
N.Y. Public Authorities Law § 3671 Effect of inconsistent provisions
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§ 3671. Effect of inconsistent provisions. Insofar as the provisions of this title are inconsistent with the provisions of any other act, general or special, or of any charter, local law, ordinance or resolution of any municipality, the provisions of this title shall be controll…
N.Y. Public Authorities Law § 3672 Separability; construction
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§ 3672. Separability; construction. 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…
N.Y. Public Authorities Law § 368 Remedies of noteholders and bondholders
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§ 368. Remedies of noteholders and bondholders. 1. In the event that the authority shall default in the payment of principal of or interest on any issue of notes or bonds after the same shall become due, whether at maturity or upon call for redemption, and such default shall con…
N.Y. Public Authorities Law § 369 Liability of state
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§ 369. Liability of state. The state shall be liable on notes or bonds guaranteed hereunder but shall not be liable on notes or bonds not guaranteed by the state which shall not be a debt of the state.
N.Y. Public Authorities Law § 370 Notes and bonds legal investments for public officers and fiduciaries
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§ 370. Notes and bonds legal investments for public officers and fiduciaries. The notes and bonds 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 othe…
N.Y. Public Authorities Law § 371 Tax exemption
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§ 371. Tax exemption. The property of the authority and its income and operations shall be exempt from taxation.
N.Y. Public Authorities Law § 372 Tax covenant
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§ 372. Tax covenant. The state covenants with the purchasers and with all subsequent holders and transferees of notes and bonds issued by the authority, in consideration of the acceptance of and payment for the notes and bonds, that the notes and bonds of the authority issued pu…