1335 – Notes and Bonds of the Authority.
§ 1335. Notes and bonds of the authority. 1. (a) The authority shall have power and is hereby authorized from time to time to borrow money and issue its negotiable bonds and notes in such principal amount, as, in the opinion of the authority, shall be necessary to provide sufficient funds for achieving its purposes, […]
1336 – Reserve Funds and Appropriations.
§ 1336. Reserve funds and appropriations. 1. The authority may create and establish one or more reserve funds to be known as debt service reserve funds and may pay into such debt service reserve funds (a) any moneys appropriated and made available by the state for the purposes of such funds, (b) any proceeds of […]
1337 – Agreement of the State.
§ 1337. Agreement of the state. The state does hereby pledge to and agree with the holders of any notes or bonds issued under this title, that the state will not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreements made with the holders thereof, or in […]
1338 – Right of State to Require Redemption of Bonds.
§ 1338. Right of state 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 authority to redeem, prior to maturity, as a whole, any […]
1327 – Central New York Regional Transportation District.
§ 1327. Central New York regional transportation district. 1. There is hereby created and established a transportation district to be known as the central New York regional transportation district. This district shall embrace the county of Onondaga and such of the following counties as may elect to become members by action of their governing bodies: […]
1328 – Central New York Regional Transportation Authority.
§ 1328. Central New York regional transportation authority. 1. (a) There is hereby created the central New York regional transportation authority. The authority shall be a body corporate and politic constituting a public benefit corporation. It shall consist of not more than twelve members, including a chairman and shall have one non-voting member as described […]
1329 – Purposes of the Authority.
§ 1329. Purposes of the authority. 1. The purposes of the authority shall be the continuance, further development and improvement of transportation and other services related thereto within the transportation district, by railroad, omnibus, marine and air, in accordance with the provisions of this title. 2. It is hereby found and declared that such purposes […]
1330 – Formulation, Filing and Adoption of Action Plan; Amendments.
§ 1330. Formulation, filing and adoption of action plan; amendments. The authority shall formulate an action plan for transportation within the district. In formulating such plan, the authority shall consult and cooperate with the commissioner and the planning authorities in the area of its operations, and shall utilize state, local or regional transportation planning. The […]
1330-A – Filing Five Year Performance, Capital and Operating Finance Plans.
§ 1330-a. Filing five year performance, capital and operating finance plans. 1. (a) On or before October first, nineteen hundred ninety-four, and annually thereafter on or before April first, the authority shall adopt an operational performance plan for the five-year period commencing April first. The plan shall set operational performance plan goals and objectives, including […]
1331 – General Powers of the Authority.
§ 1331. General powers of the authority. A. 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 negotiable notes, bonds or other obligations and to provide for the rights […]