1326 – Definitions.
§ 1326. Definitions. As used or referred to in this title, unless a different meaning clearly appears from the context: 1. “Authority” shall mean the corporation created by section thirteen hundred twenty-eight of this title. 2. “Transportation district” and “district” shall mean the central New York regional transportation district created by section thirteen hundred twenty-seven […]
1316 – Exemption From Taxation.
§ 1316. Exemption from taxation. It is hereby found, determined and declared that the creation of the authority and the carrying out of its purposes is in all respects for the benefit of the people of the state of New York and for the improvement of their health, welfare and prosperity and is a public […]
1317 – Actions Against the Authority.
§ 1317. Actions against the authority. 1. As a condition to the consent of the state to such suits against the authority, in every action against the authority for damages, for injuries to real or personal property or for the destruction thereof, or for personal injuries or death, the complaint shall contain an allegation that […]
1318 – Agreements Relating to Payment in Lieu of Taxes.
§ 1318. Agreements relating to payment in lieu of taxes. To the end that municipal corporations, counties and school districts may not suffer undue loss of taxes or assessments: If the authority acquires property for non-transportation purposes (e.g. for future transportation purposes but not to be so used immediately) the authority except as hereinafter provided, […]
1306 – General Powers of the Authority.
§ 1306. 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 […]
1307 – Special Powers of the Authority.
§ 1307. Special powers of the authority. In order to effectuate the purposes of this title: 1. The authority may acquire, by purchase, gift, grant, transfer, contract or lease, or condemnation, any transportation facility, including port or related facilities wholly or partially within the Capital District transportation district or any part thereof, or the use […]
1308 – Acquisition and Disposition of Real Property.
§ 1308. Acquisition and disposition of real property. 1. In addition to the powers provided in section thirteen hundred six of this title to acquire transportation facilities, equipment and real property, the authority may acquire, by condemnation pursuant to the condemnation law and/or in accordance with the condemnation provisions of subdivision seven of this section, […]
1309 – Cooperation and Assistance of Other Agencies.
§ 1309. Cooperation and assistance of other agencies. In the interest of economy and to promote coordination of authority projects with state, local, county and regional plans and also to carry out the objective of full participation of all agencies in the development of a transportation system and facilities to meet the objectives of this […]
1310 – Notes and Bonds of the Authority.
§ 1310. 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, […]
1311 – Reserve Funds and Appropriations.
§ 1311. 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 […]