1174-L – Bonds Legal Investments for Fiduciaries.
§ 1174-l. Bonds legal investments for fiduciaries. The bonds of the authority are hereby made securities in which all public officials and bodies of the state and all municipalities, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks and savings associations, including savings and […]
1174-M – Agreement With the State.
§ 1174-m. Agreement with the state. The state does hereby pledge to and agree with the holders of any bonds issued by the authority pursuant to this title that the state will not alter or limit the rights hereby vested in the authority to fulfill the terms of any agreement made with or for the […]
1174-N – Exemption From Taxes, Assessments and Certain Fees; Payments in Lieu of Taxes.
§ 1174-n. Exemption from taxes, assessments and certain fees; payments in lieu of taxes. 1. It is hereby determined that the creation of the authority and the carrying out of its corporate purposes is in all respects for the benefit of the people of the state and is a public purpose, and the authority shall […]
1174-O – Actions Against the Authority.
§ 1174-o. Actions against the authority. 1. No action or proceeding shall be prosecuted or maintained against the authority for personal injury or damage to real or personal property alleged to have been sustained by reason of the negligence or wrongful act of the authority or any member, officer, agent or employee thereof, unless: (a) […]
1174-P – Conflicts of Interest of Members of the Board of Directors and Officers and Employees of the Authority.
§ 1174-p. Conflicts of interest of members of the board of directors and officers and employees of the authority. No member of the board of directors or officer or employee of the authority shall have any interest in any contract, or take any action or otherwise involve himself or herself in any activity which, pursuant […]
1174-Q – Construction and Purchase Contracts.
§ 1174-q. Construction and purchase contracts. The authority shall let contracts for construction or purchase of supplies, materials, or equipment pursuant to sections one hundred one and one hundred three of the general municipal law. Nothing in this section shall be construed to limit the power of the authority to do any construction directly by […]
1174-R – Separability Clause.
§ 1174-r. Separability clause. If any section, clause or provision in this title shall be held by a competent court to be unconstitutional or ineffective in whole or in part, to the extent that it is not unconstitutional or ineffective, it shall be valid and effective, and no other section, clause or provision shall on […]
1174-S – Effect of Inconsistent Provisions.
§ 1174-s. Effect of inconsistent provisions. Insofar as the provisions of this title are inconsistent with the provisions of any other law, general, special or local or of any charter or any local ordinance or resolution of any municipality the provisions of this title shall be controlling, provided that nothing contained in this section shall […]
1174-K – Moneys of the Authority.
§ 1174-k. Moneys of the authority. All moneys of the authority from whatever source derived shall be paid to the treasurer and shall be deposited forthwith in one or more banks and/or trust companies in the state designated by the authority. The moneys in such accounts shall be paid out on checks of the treasurer […]
1174-B – Definitions.
§ 1174-b. 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 eleven hundred seventy-four-d of this title. 2. “Board of directors” shall mean the governing board of the authority. 3. “Bonds” shall mean the bonds, notes or […]