469 – Annual Report of Trustees.
§ 469. Annual report of trustees. The trustees of the fund shall submit to the mayor, the board of education and the city council of the city of New York annually on or before February first, a full report of its activities and operations through the thirtieth day of the preceding June, including: (1) details […]
470 – Article Not Affected if in Part Unconstitutional or Ineffective.
§ 470. Article not affected if in part unconstitutional or ineffective. If any section, subdivision, paragraph, sentence, clause or provision of this article 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 or effective and no other section, subdivision, […]
471 – Inconsistent Provisions of Other Laws Superseded.
§ 471. Inconsistent provisions of other laws superseded. Insofar as the provisions of this article are inconsistent with the provisions of any other general, special or local law, or with the provisions of any charter or ordinance, the provisions of this article shall be controlling. The provisions of this article shall not be deemed to […]
468 – Exemptions From Taxation.
§ 468. Exemptions from taxation. 1. It is hereby declared that the creation of the fund and the carrying out of its corporate purposes is in all respects for the benefit of the people of the city and state of New York and for the improvement of their health, safety, welfare and security and is […]
458 – Letting of Construction Contracts.
§ 458. Letting of construction contracts. 1. Any contract let by the fund or by any letting agency on behalf of the fund for the construction, reconstruction, rehabilitation or improvement of a combined occupancy structure or of the school portion thereof, shall be in conformity with the provisions of section one hundred one of the […]
459 – Resources of the Fund.
§ 459. Resources of the fund. 1. The fund may receive, accept, invest, administer, expend and disburse for its corporate purposes appropriations or advances from the city of New York, and other revenues and moneys made available or to be made available to the fund from any or all sources, including gifts, grants, loans and […]
460 – Lease and Other Agreements.
§ 460. Lease and other agreements. 1. Any agreement entered into between the fund and the owner or developer of a proposed combined occupancy structure pursuant to section four hundred fifty-four of this chapter shall provide for (i) the construction, acquisition, reconstruction, rehabilitation or improvement of one or more combined occupancy structures, and the purchase […]
461 – Notes and Bonds of the Fund.
§ 461. Notes and bonds of the fund. 1. (a) Subject to the provisions of section four hundred sixty-two of this chapter, the fund shall have the power and is hereby authorized from time to time to issue its negotiable bonds and notes in such principal amount as, in the opinion of the fund, shall […]
462 – Reserve Funds, Appropriations and Other Funds and Accounts.
§ 462. Reserve funds, appropriations and other funds and accounts. 1. (a) The fund shall create and establish a special fund (herein referred to as capital reserve fund), and, to secure bonds of the fund issued prior to the twenty-fourth day of July, nineteen hundred seventy-six, shall pay into such capital reserve fund (1) any […]
463 – Agreement With the State.
§ 463. Agreement with the state. The state does hereby pledge to and agree with the holders of any notes or bonds issued under this article, that the state will not limit or alter the rights hereby vested in the fund to fulfill the terms of any agreements made with the holders thereof, or in […]