2674 – Separability.
§ 2674. Separability. If any provision of any section of this title or the application thereof to any person or circumstance shall be adjudged invalid by a court of competent jurisdiction, such order or judgment shall be confined in its operation to the controversy in which it was rendered, and shall not affect or invalidate […]
2666 – Bonds; Legal Investment for Fiduciaries.
§ 2666. Bonds; legal investment for fiduciaries. The bonds of the authority are hereby made securities in which all public officers 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 saving associations, including savings and […]
2667 – Tax Exemption and Tax Contract by the State.
§ 2667. Tax exemption and tax contract by the state. 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 and is a public purpose. Accordingly, the authority shall be […]
2668 – Remedies of Bondholders.
§ 2668. Remedies of bondholders. Subject to any resolution or resolutions adopted pursuant to this title: 1. In the event that the authority shall default in the payment of principal of or interest on any issue of bonds after the same shall become due, whether at maturity or upon call for redemption, and such default […]
2669 – State, County and Municipalities Not Liable on Bonds.
§ 2669. State, county and municipalities not liable on bonds. Neither the state, the county nor any municipality therein shall be liable on the bonds or notes of the authority and such bonds or notes shall not be a debt of the state, the county or of any municipality therein and such bonds and notes […]
2669-A – Agreement With State.
§ 2669-a. Agreement with state. The state does hereby pledge to and agree with the holders of any bonds issued by the authority pursuant to this title and secured by a pledge, and with those persons or public authorities who may enter into contracts with the authority pursuant to the provisions of this title that […]
2669-B – Agreement With County.
§ 2669-b. Agreement with county. 1. The county is authorized to pledge to and agree with the holders of any bonds issued by the authority pursuant to this title and secured by such a pledge, and with those persons or public authorities who may enter into contracts with the authority pursuant to the provisions of […]
2670 – Actions Against Authority.
§ 2670. Actions against authority. 1. Except in an action for wrongful death, no action or special proceeding shall be prosecuted or maintained against the authority, its members, officers or employees for personal injury or damage to real or personal property alleged to have been sustained by reason of the negligence, tort or wrongful act […]
2671 – Limitation of Liability; Indemnification.
§ 2671. Limitation of liability; indemnification. 1. Neither the members of the authority nor any person acting in its behalf, while acting within the scope of their authority, shall be subject to any personal liability resulting from carrying out any of the powers expressly given in or authorized by this title. 2. The board shall […]
2672 – Assistance by State Officers, Departments, Boards and Commissions.
§ 2672. Assistance by state officers, departments, boards and commissions. The department of audit and control, department of law, and all other state officers, agencies, departments, boards, divisions offices, and commissions may render such services to the authority within their respective functions as may be requested by the authority. Notwithstanding the provisions of any other […]