Title PBA, Public Authorities

§ 3955. Assistance to the authority; employees of the authority. 1.\nWith the consent of any public corporation, the authority may use\nagents, employees and facilities thereof, paying to such public\ncorporation its agreed proportion of the compensation or costs.\n 2. Officers …

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

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

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

§ 3958. Advisory period. 1. During any advisory period the authority\nshall: (a) obtain from the county, the covered organizations and the\nstate comptroller, all information, financial statements and\nprojections, budgetary data and information, and management reports and\nmate…

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

§ 3960. Additional provisions. 1. Notwithstanding any provision to the\ncontrary in title six-A of article two of the local finance law, neither\nthe county nor any covered organization shall file any petition\nauthorized by such title six-A without the approval of the authority…

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

§ 3962. Bonds, notes or other obligations of the authority. 1. The\nauthority shall have the power and is hereby authorized from time to\ntime to issue bonds, notes or other obligations in such principal\namounts as it may determine to be necessary pursuant to section\nthirty-ni…

§ 3963. Remedies of bondholders. Subject to any resolution or\nresolutions adopted pursuant to paragraph (f) of subdivision six of\nsection thirty-nine hundred sixty-two of this title: 1. In the event\nthat the authority shall default in the payment of principal of or\ninterest …

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

§ 3965. Resources of the authority. 1. Subject to the provisions of\nthis title, the directors of the authority shall receive, accept,\ninvest, administer, expend and disburse for its corporate purposes all\nmoneys of the authority from whatever source derived including (a)\nrev…

§ 3966. Agreement with the state. 1. The state does hereby pledge to\nand agree with the holders of any issue of bonds, notes or other\nobligations issued by the authority pursuant to this title and secured\nby such a pledge that the state will not limit, alter or impair the\nri…

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

§ 3968. Bonds, notes or other obligations legal for investment and\ndeposit. Bonds, notes or other obligations of the authority are hereby\nmade securities in which all public officers and bodies of the state and\nall public corporations, municipalities and municipal subdivision…

§ 3969. Tax exemption. 1. It is hereby determined that the creation of\nthe authority and the carrying out of its corporate purposes are in all\nrespects for the benefit of the people of the state of New York and are\npublic purposes. Accordingly, the authority shall be regarded…

§ 3970. Actions against the authority. 1. Except in an action for\nwrongful death, no action or proceeding shall be prosecuted or\nmaintained against the authority for personal injury or damage to real\nor personal property alleged to have been sustained by reason of the\nneglig…

§ 3971. Audits. 1. The accounts of the authority shall be subject to\nthe audit of the comptroller and the state comptroller. In addition, the\nauthority shall be subject to an annual financial audit performed by an\nindependent certified accountant selected by the authority. Su…

§ 3972. 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 any charter, local law, ordinance or\nresolution of any municipality, the provisions of this title shall be\ncont…

§ 3973. Separability; construction. If any clause, sentence,\nparagraph, section, or part of this title shall be adjudged by any court\nof competent jurisdiction to be invalid, such judgment shall not affect,\nimpair or invalidate the remainder thereof, but shall be confined in …

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

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

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

§ 4002. When to take effect. This chapter shall take effect\nimmediately.\n

§ 5. Director of the authorities budget office. The director of the\nauthorities budget office shall be appointed by the governor, upon the\nadvice and consent of the senate. The director shall hold office for a\nterm of four years beginning on the date of confirmation. The sala…

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

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

§ 525. Short title. This title may be cited as the "State Bridge\nAuthority Act."\n

§ 526. Definitions. As used or referred to in this title, unless a\ndifferent meaning clearly appears from the context,\n 1. The term "authority" shall mean the New York State Bridge Authority\ncreated by section five hundred twenty-seven of this chapter;\n 2. The term "commissi…

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

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

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

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

§ 529. Acquisition of land; dedication by counties, towns or villages.\n1. Whenever the authority shall determine that any real estate or rights\nor easements therein are required for any of the bridges or for highway\nconnections, and the commissioner shall approve such determi…

§ 530. Construction contracts. The authority shall construct the\nbridges pursuant to a contract or contracts. Such contracts shall be let\nunder the supervision of the commissioner and shall be subject to his\napproval. Such contracts shall be let by the authority in the manner…

§ 531. Moneys of the authority. 1. All moneys of the authority from\nwhatever source derived shall be paid to the comptroller as agent of the\nauthority, who shall not commingle such moneys with any other moneys.\nSuch moneys shall be deposited in a separate bank account or acco…

§ 532. Bonds of the authority. 1. The authority shall have power and\nis hereby authorized from time to time to issue its negotiable bonds in\nconformity with applicable provisions of the uniform commercial code for\nany corporate purpose in the aggregate principal amount not to…

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

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

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

§ 535. Bonds and notes legal investments for fiduciaries. The bonds\nand notes are hereby made securities in which all public officers and\nbodies of this state and all municipalities and municipal subdivisions,\nall insurance companies and associations and other persons carryin…

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

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

§ 538. Tolls, rules and regulations. 1. The authority shall have power\nto make rules and regulations for the preservation and use of the\nbridges and for the payment of tolls. Such rules and regulations shall\nbe subject to the approval of the commissioner. Violations of such r…

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

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

§ 541. Title not affected if in part unconstitutional or ineffective.\nIf any section, clause or provision of this title shall be\nunconstitutional or be ineffective in whole or in part, to the extent\nthat it is not unconstitutional or ineffective it shall be valid and\neffecti…

§ 542. Inconsistent provisions in other acts superseded. Insofar as\nthe provisions of this title are inconsistent with the provisions of any\nother act, general or special, the provisions of this title shall be\ncontrolling.\n

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

§ 551. Definitions. As used or referred to in this title, unless a\ndifferent meaning clearly appears from the context,\n 1. The term "authority" shall mean the Triborough bridge and tunnel\nauthority, the corporation organized pursuant to section five hundred\nfifty-two of this…