Title PBA, Public Authorities

§ 3954. 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…

§ 3955. 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…

§ 3956. County fiscal year two thousand five budget modification and four-year financial plan. 1. Not later than October first, two thousand five, the county executive, upon approval by the legislature, shall submit to the authority a budget modification and financial plan consi…

§ 3957. County financial plans. 1. Commencing with the county's two thousand six fiscal year, the county executive shall prepare and submit to the authority a four-year financial plan, and the county executive's proposed county budget, not later than the date required for submis…

§ 3957-a. Efficiency incentive grants. Along with the county financial plan commencing with the county's two thousand six fiscal year, the county shall develop and submit to the authority a plan for achieving recurring savings through innovations and reengineering. Subject to ap…

§ 3958. Advisory period. 1. During any advisory period the authority shall: (a) obtain from the county, the covered organizations and the state comptroller, all information, financial statements and projections, budgetary data and information, and management reports and material…

§ 3959. Control period. 1. The authority shall impose a control period at any time that any of the following events has occurred or that there is a substantial likelihood and imminence of such occurrence: (a) the county shall have failed to adopt a balanced budget within time fr…

§ 3960. Additional provisions. 1. Notwithstanding any provision 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 an…

§ 3961. Declaration of need for financing assistance to the county. 1. The county shall determine and declare whether it requests the authority to undertake a financing of costs for the county or any covered organization. Any such request shall be made by and through the county …

§ 3962. Bonds, notes or other obligations 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 in such principal amounts as it may determine to be necessary pursuant to section thirty-nine h…

§ 3963. Remedies of bondholders. Subject to any resolution or resolutions adopted pursuant to paragraph (f) of subdivision six of section thirty-nine hundred sixty-two of this title: 1. In the event that the authority shall default in the payment of principal of or interest on a…

§ 3964. Intercept of county tax revenues and state aid revenues. 1. Commencing on the effective date of this title, and until December thirty-first, two thousand thirty-nine, the state comptroller shall pay county tax revenues at least monthly to the authority in accordance with…

§ 3965. 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 moneys of the authority from whatever source derived including (a) revenue…

§ 3966. Agreement with the state. 1. The state does hereby pledge to and agree with the holders of any issue of bonds, notes or other obligations 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…

§ 3967. Agreement with the county. 1. The county shall covenant and agree with the holders of any issue of bonds, notes or other obligations issued by the authority pursuant to this title and secured by such covenant and agreement that the county will not limit, alter or impair …

§ 3968. Bonds, notes or other obligations legal for investment and deposit. Bonds, notes or other obligations 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, …

§ 3969. Tax exemption. 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 authority shall be regarded as…

§ 3970. 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…

§ 3971. 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 …

§ 3972. 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…

§ 3973. 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…

§ 4. Establishment of the independent authorities budget office. There is hereby established the independent authorities budget office as an independent entity within the department of state, which shall have and exercise the powers and duties provided by this title.

§ 4000. Construction. This chapter shall not be considered a new act, but a reenactment and a continuation of the several acts consolidated herein; nor shall this chapter affect or impair any right, power or duty conferred or imposed by any such act or any liability or right inc…

§ 4001. Laws repealed. Of the laws enumerated in the schedule hereto annexed, that portion specified in the last column is hereby repealed; and all acts and parts of acts, both general and special or local, inconsistent with this chapter are hereby repealed.

§ 4002. When to take effect. This chapter shall take effect immediately.

§ 5. Director of the authorities budget office. The director of the authorities budget office shall be appointed by the governor, upon the advice and consent of the senate. The director shall hold office for a term of four years beginning on the date of confirmation. The salary …

§ 50. New York state public authorities control board; creation; procedure. 1. The New York state public authorities control board is hereby created to have and exercise the powers, duties and prerogatives provided by the provisions of this chapter and any other provision of law…

§ 51. Powers, functions and duties of the New York state public authorities control board; limitations. 1. The New York state public authorities control board shall have the power and it shall be its duty to receive applications for approval of the financing and construction of …

§ 525. Short title. This title may be cited as the "State Bridge Authority Act."

§ 526. 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 New York State Bridge Authority created by section five hundred twenty-seven of this chapter; 2. The term "commissioner" …

§ 526-a. Ceremonial designation. All that portion of touring route 199 connecting Ulster and Dutchess counties which is identified and known as the Kingston-Rhinecliff bridge shall be designated and known as the "George Clinton Kingston-Rhinecliff bridge".

§ 526-b. Ceremonial designation of the Bear Mountain bridge. 1. The Bear Mountain bridge, as defined in subdivision seven of section five hundred twenty-six of this title, shall be designated and known as the "Purple Heart Veterans Memorial Bridge". 2. The chairman of the New Yo…

§ 527. New York State Bridge Authority. 1. The board known as the "New York State Bridge Authority," is hereby continued. Such board shall be a body corporate and politic, shall have a corporate seal and be capable of suing and being sued. It shall consist of seven members who s…

§ 528. Powers of the authority. The authority shall have power 1. To acquire, hold and dispose of personal property for its corporate purposes; 1-a. To hold in the name of the state any real property acquired for its corporate purposes and, with the approval of the commissioner,…

§ 529. Acquisition of land; dedication by counties, towns or villages. 1. Whenever the authority shall determine that any real estate or rights or easements therein are required for any of the bridges or for highway connections, and the commissioner shall approve such determinat…

§ 530. Construction contracts. The authority shall construct the bridges pursuant to a contract or contracts. Such contracts shall be let under the supervision of the commissioner and shall be subject to his approval. Such contracts shall be let by the authority in the manner, s…

§ 531. Moneys of the authority. 1. 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 bank account or account…

§ 532. Bonds of the authority. 1. The authority shall have 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 any corporate purpose in the aggregate principal amount not to ex…

§ 532-a. Notes of the authority. The authority shall have power from time to time to issue its negotiable notes in conformity with applicable provisions of the uniform commercial code and from time to time to issue renewal notes, maturing not later than five years from their res…

§ 533. Agreement of the state. The state of New York does pledge to and agree with the holders of any bonds or notes that the state will not authorize the construction or maintenance of any additional highway crossings for vehicular traffic over, under or across the waters of th…

§ 534. State not liable on bonds. The bonds and other obligations of the authority shall not be a debt of the state and the state shall not be liable thereon, nor shall they be payable out of any funds other than those of the authority.

§ 535. Bonds and notes legal investments for fiduciaries. The bonds and notes 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 carrying o…

§ 536 Tax contract by the state. (1) The state of New York covenants with the purchasers and with all subsequent holders and transferees of bonds and notes issued by the authority pursuant to this title, in consideration of the making of any payment for the bonds or notes, that …

§ 537. Remedies of bondholders. 1. In the event that the authority shall default in the payment of principal of or interest on any of the bonds as the same shall become due, whether at maturity or upon call for redemption, and such default shall continue for a period of thirty d…

§ 538. Tolls, rules and regulations. 1. The authority shall have power to make rules and regulations for the preservation and use of the bridges and for the payment of tolls. Such rules and regulations shall be subject to the approval of the commissioner. Violations of such rule…

§ 539. Powers of the comptroller. Whenever the state and the funds of which the comptroller is custodian or trustee, or any of them, shall be the owner of any bonds or notes of the authority the comptroller is hereby authorized as to any of such bonds or notes: (a) by agreement …

§ 540. Actions against the authority. 1. In every action against the authority for damages, for injuries to real or personal property, or for the destruction thereof, or for personal injuries, the complaint shall contain an allegation that at least thirty days have elapsed since…

§ 541. 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 effective a…

§ 542. 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, the provisions of this title shall be controlling.

§ 550. Short title. This title may be cited as the "Triborough bridge and tunnel authority act".