1970 – Short Title.
§ 1970. Short title. This title shall be known and may be cited as the “battery park city authority act”.
1971 – Statement of Legislative Findings and Purposes.
§ 1971. Statement of legislative findings and purposes. It is hereby found and declared that there exists on the lower West side of the county of New York, North of Battery Park and on and adjacent to the Hudson River, a blighted area, defined in this title as the Battery Park project area, marked by […]
1972 – Definitions.
§ 1972. Definitions. As used in this title, the following words and phrases shall have the following meanings unless the context shall indicate another or different meaning or intent: (1) “Authority”. The corporate governmental agency created by section nineteen hundred seventy-three of this title. (2) “Bonds” and “Notes”. The bonds, notes and obligations issued by […]
1973 – Battery Park City Authority.
§ 1973. Battery park city authority. (1) There is hereby created the battery park city authority which shall be a body corporate and politic, constituting a public benefit corporation. Its membership shall consist of seven members to be appointed by the governor with the advice and consent of the senate. One of the members first […]
1974 – Powers of the Authority.
§ 1974. Powers of the authority. The authority shall have power: 1. To sue and be sued; 2. To have a seal and alter the same at pleasure; 3. To acquire, lease, hold, mortgage and dispose of real property and personal property or any interest therein for its corporate purposes; 4. To acquire, construct, improve, […]
1974-A – Subsidiaries; How Created.
§ 1974-a. Subsidiaries; how created. 1. The authority by resolution from time to time may direct any of its members, officers or employees to organize one or more wholly-owned subsidiary corporations pursuant and subject to article two, article four or article eleven of the private housing finance law. Such resolution shall prescribe the purposes for […]
1974-B – Lease and Other Agreements.
§ 1974-b. Lease and other agreements. 1. As used or referred to in this title, unless a different meaning clearly appears from the context: (a) “owner” shall mean any individual, partnership, trust or public or private corporation (including a cooperative housing corporation), holding the tenant’s interest in a residential lease. (b) “residential lease” shall mean […]
1974-C – Additional Powers of the Authority.
§ 1974-c. Additional powers of the authority. 1. It is hereby found and declared that the legislature, pursuant to the housing New York program act, has established a housing New York program under which the city of New York, any agency or instrumentality thereof (other than the housing New York corporation) and the New York […]
1974-D – Contracts.
§ 1974-d. Contracts. In connection with development, construction, operations and maintenance contracts for projects of the authority, minority and women-owned business enterprises and minority group members and women shall be given the opportunity for meaningful participation. The authority shall establish measures and procedures to secure meaningful participation by minority and women-owned business enterprises on contracts […]
1975 – Moneys of the Authority.
§ 1975. Moneys of the authority. 1. All moneys of the authority from whatever source derived shall be paid to the treasurer of the authority and shall be deposited forthwith in a bank or banks in the state designated by the authority. The moneys in such accounts shall be paid by the treasurer or other […]
1976 – Bonds of the Authority.
§ 1976. Bonds of the authority. * 1. The authority shall have power and is hereby authorized from time to time to issue its negotiable bonds in conformity with applicable provisions of the uniform commercial code for any corporate purpose, including incidental expenses in connection therewith. The authority shall have power from time to time […]
1977 – Notes of the Authority.
§ 1977. Notes of the authority. The authority shall have power and is hereby authorized to issue negotiable bond anticipation notes in conformity with applicable provisions of the uniform commercial code and may renew the same from time to time but the maximum maturity of such notes, including renewals thereof, shall not exceed seven years […]
1977-A – Bond and Note Authorization.
§ 1977-a. Bond and Note Authorization. 1. (a) For the purpose of financing project costs for the project for the Battery Park project area other than the financing of loans, advances and mortgage loans to housing companies organized to provide housing within the Battery Park project area, the authority may issue bonds and notes in […]
1977-B – Reserve Funds and Appropriations.
§ 1977-b. Reserve funds and appropriations. 1. In addition to setting aside of such other reserves or sinking funds as it shall deem advisable and necessary, and the regulation and disposition thereof, the authority shall create and establish a special fund to be known as and hereinafter called the “Battery Park project area capital reserve […]
1977-C – Reserve Funds and Appropriations for Loans, Advances and Mortgage Financing to Housing Companies.
§ 1977-c. Reserve funds and appropriations for loans, advances and mortgage financing to housing companies. 1. Definitions. (a) “Revenues”. All amounts received on account of fees and other charges imposed by the authority for loans, advances and mortgage loans, if any, and all or any part of the moneys received in payment of loans, advances […]
1978 – Agreements of the State.
§ 1978. Agreements of the state. The state of New York does pledge to and agree with the holders of the bonds and notes that the state will not limit or alter the rights hereby vested in the authority to acquire, lease, mortgage or dispose of real or personal property or any interest therein or […]
1979 – State and City Not Liable on Bonds and Notes.
§ 1979. State and city not liable on bonds and notes. The bonds, notes and other obligations of the authority shall not be a debt of the state of New York or of the city, and neither the state nor the city shall be liable thereon, nor shall they be payable out of any funds […]
1980 – Bonds and Notes Legal Investments for Public Officers and Fiduciaries.
§ 1980. Bonds and notes legal investments for public officers and fiduciaries. The bonds and notes are hereby made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savings […]
1981 – Exemption From Taxes.
§ 1981. Exemption from 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 of New York, the county of New York, and the city, and is a public purpose, and the […]
1982 – Tax Contract by the State.
§ 1982. Tax contract by the state. The state of New York covenants with the purchasers and with all subsequent holders and transferees of bonds and notes issued by the authority pursuant to this title, in consideration of the acceptance of and payments for the bonds and notes, that the bonds and notes of the […]