2675-A – Short Title.

§ 2675-a. Short title. This title shall be known and may be cited as the “Albany convention center authority act”.

2675-B – Statement of Legislative Findings.

§ 2675-b. Statement of legislative findings. It is hereby found, determined and declared that there is an immediate need to institute a comprehensive, coordinated program of convention activities in the city of Albany. It is further found, determined and declared to be desirable to create an Albany convention center authority to provide the city of […]

2675-C – Definitions.

§ 2675-c. Definitions. As used or referred to in this title, unless a different meaning appears from the context: 1. “Authority” shall mean the public benefit corporation created by section twenty-six hundred seventy-five-d of this title. 2. “Board” shall mean the members of the authority created in section twenty-six hundred seventy-five-d of this title. 3. […]

2675-D – Albany Convention Center Authority.

§ 2675-d. Albany convention center authority. 1. A corporation known as the Albany convention center authority is hereby created for the public purpose and charged with the duties and having the powers provided in this title. The authority shall be a body corporate and politic constituting a public benefit corporation. The governing body of the […]

2675-E – General Purposes and Powers of the Authority.

§ 2675-e. General purposes and powers of the authority. The general purposes of the authority shall be to design, develop, plan, finance, create, site, construct, renovate, administer, operate, manage, and maintain the convention facility of the authority. To carry out such purposes the authority shall have the following powers: 1. To sue and be sued; […]

2675-F – Preliminary Study of the Authority.

§ 2675-f. Preliminary study of the authority. Prior to commencing any purchase, lease or transfer of any real property, in whole or part, the authority shall formulate a plan for the creation and development of the convention facility. After passage of a resolution approving such plan, it shall be submitted to the governor, comptroller, temporary […]

2675-G – Public Hearings of the Authority.

§ 2675-g. Public hearings of the authority. 1. The authority shall hold public hearings prior to: (a) the adoption of the preliminary report pursuant to section twenty-six hundred seventy-five-f of this title; (b) the adoption of any project where the authority would condemn real property pursuant to subdivision three of section twenty-six hundred seventy-five-e of […]

2675-H – Contracts.

§ 2675-h. Contracts. 1. Construction contracts let by the authority shall be in conformity with the applicable provisions of section one hundred thirty-five of the state finance law. 2. The authority may, in its discretion, assign contracts for supervision and coordination to the successful bidder for any subdivision of work for which the authority receives […]

2675-I – Monies of the Authorities.

§ 2675-i. Monies of the authority. 1. All monies of the authority from whatever source derived, except as otherwise authorized or provided in this title, shall be paid to the authority and shall be deposited forthwith in a bank or banks in the state designated by the authority. The monies in such accounts shall be […]

2675-II – State Aid Revenues.

§ 2675-ii. State aid revenues. 1. With respect to each issue of outstanding hotel revenue bonds, the chairperson of the authority shall certify at least semi-annually, or in the case of the first such certificate within thirty days after the sale of an issue of hotel revenue bonds, to the comptroller and the director of […]

2675-J – Bonds of the Authorities.

§ 2675-j. Bonds of the authority. 1. The authority shall have the power and is hereby authorized from time to time to issue hotel revenue bonds. The authority shall further have power from time to time and whenever it deems refunding expedient, to refund any hotel revenue bonds by the issuance of new hotel revenue […]

2675-K – Agreements of the State.

§ 2675-k. Agreements of the state. The state of New York does hereby pledge to and agree with the holders of the bonds that the state will not limit or impair the rights hereby vested in the authority to acquire, construct, maintain, reconstruct and operate its convention facility, to establish and collect rentals, fees and […]

2675-L – State, County and City Not Liable on Bonds.

§ 2675-l. State, county and city not liable on bonds. The bonds and other obligations of the authority shall not be a debt of the state of New York, the county of Albany or the city of Albany, and neither the state, the county nor the city shall be liable thereon, nor shall they be […]

2675-M – Bonds; Legal Investment of Fiduciaries.

§ 2675-m. Bonds; legal investment for fiduciaries. The bonds 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 banks and savings associations, including savings and […]

2675-N – Tax Exemption and Tax Contract by the State.

§ 2675-n. 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 […]

2675-O – Remedies for Bond Holders.

§ 2675-o. Remedies for bond holders. 1. In the event that the authority shall default in the payment of principal or interest on any issue of bonds after the same shall become due, whether at maturity or upon call redemption, and such default shall continue for a period of thirty days, or in the event […]

2675-P – Actions Against Authority.

§ 2675-p. Actions against authority. 1. Except in an action for wrongful death, no action for 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 negligence, tort or wrongful act of […]

2675-Q – Annual Reports.

§ 2675-q. Annual reports. The accounts of the authority shall be subject to the supervision of the state comptroller and an annual audit shall be performed by an independent certified public accountant. The authority shall annually submit to the mayor, county executive, governor, state comptroller, chairperson of the senate finance committee and the chairperson of […]

2675-R – Severability.

§ 2675-r. Severability. 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 judgement shall be confined in its operation to the controversy in which it was rendered, and shall not affect or invalidate […]