1312 – Agreement of the State.
§ 1312. 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 […]
1313 – Right of State to Require Redemption of Bonds.
§ 1313. 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 […]
1314 – Remedies of Noteholders and Bondholders.
§ 1314. Remedies of noteholders and bondholders. 1. In the event that the authority shall default in the payment of principal of or interest on any issue of notes or bonds after the same shall become due, whether at maturity or upon call for redemption, and such default shall continue for a period of thirty […]
1315 – Notes and Bonds as Legal Investment.
§ 1315. Notes and bonds as legal investment. The notes and bonds of the authority are hereby made securities in which all public officers and bodies of the state and all municipalities and political subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks […]
1302 – Capital District Transportation District.
§ 1302. Capital District transportation district. There is hereby created and established a transportation district to be known as the Capital District transportation district. This district shall embrace the counties of Albany, Schenectady, Rensselaer, and Saratoga and such of the following counties as may elect to become members by action of their governing bodies as […]
1303 – Capital District Transportation Authority.
§ 1303. Capital District transportation authority. 1. (a) There is hereby created the Capital District transportation authority. The authority shall be a body corporate and politic constituting a public benefit corporation. It shall consist of not less than eight nor more than fifteen members, including a chairman and shall have one non-voting member as described […]
1304 – Purposes of the Authority.
§ 1304. 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 Capital District transportation district, by railroad, omnibus, marine and air, in accordance with the provisions of this title. 2. It is hereby found and declared that […]
1305 – Formulation, Filing and Adoption of Action Plan; Amendments.
§ 1305. Formulation, filing and adoption of action plan; amendments. The authority shall formulate an action plan for transportation within the district. In formulating such action plan, the authority shall consult and cooperate with the commissioner, the capital district regional planning commission and the planning authorities in the area of its operations, and shall utilize […]
1305-A – Filing Five Year Performance, Capital and Operating Finance Plans.
§ 1305-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 […]
1299-VV – Consent by the State.
§ 1299-vv. Consent by the state. The commissioner of general services shall have power, in his discretion, from time to time to transfer and convey to the authority, or to one or more participating counties for the use of the authority, and for such consideration and upon such terms and conditions as may be determined […]