2931 – Internal Control Responsibilities.
§ 2931. Internal control responsibilities. The governing board of each covered authority shall: 1. establish and maintain for the authority guidelines for a system of internal control that are in accordance with this article and internal control standards; 2. establish and maintain for the authority a system of internal control and a program of internal […]
2932 – Internal Audit Responsibilities.
§ 2932. Internal audit responsibilities. 1. The governing board of each covered authority or its designee shall determine, and periodically review the determination of, whether an internal audit function within the covered authority is required. Establishment of such function shall be based upon an evaluation of exposure to risk, costs and benefits of implementation, and […]
2960 – Interest Rates.
§ 2960. Interest rates. Notwithstanding any other provisions of this chapter or the provisions of any other general, special or local law, any public authority may agree or contract to pay interest on its certificates, notes or bonds, including those now outstanding, at such rate or rates, without limit, as may be necessary for an […]
2975 – Recovery of State Governmental Costs From Public Authorities and Public Benefit Corporations.
§ 2975. Recovery of state governmental costs from public authorities and public benefit corporations. 1. Notwithstanding any other provision of law to the contrary, every public authority and every public benefit corporation created by or pursuant to New York state law at least three of whose members are appointed by the governor, whether such authority […]
2976 – Cost Recovery on the Issuance of Certain Bonds.
§ 2976. Cost recovery on the issuance of certain bonds. 1. Notwithstanding any other law to the contrary, public benefit corporations (which for purposes of this section shall include industrial development agencies created pursuant to title one of article eighteen-A of the general municipal law or any other provision of law and the New York […]
2977 – Applicability of Title.
§ 2977. Applicability of title. 1. The provisions of this title shall not be construed to, nor shall they be implemented in such a manner as to: (a) require the application of monies pledged to the security of bonds, notes or other obligations in violation of applicable bond covenants; or (b) otherwise impair the rights […]
2896 – Duties of Public Authorities With Respect to the Disposal of Property.
§ 2896. Duties of public authorities with respect to the disposal of property. 1. Every authority, as defined in section two of this chapter, shall adopt by resolution comprehensive guidelines which shall (a) detail the public authority’s operative policy and instructions regarding the use, awarding, monitoring and reporting of contracts for the disposal of property, […]
2897 – Disposal of Public Authority Property.
§ 2897. Disposal of public authority property. 1. Supervision and direction. Except as otherwise provided in this section, the contracting officer designated by each public authority shall have supervision and direction over the disposition of property of such public authority. 2. Custody and control. The custody and control of the property of a public authority, […]
2900 – Compensation; Eminent Domain Taking.
§ 2900. Compensation; eminent domain taking. When property of a public benefit corporation is taken in the exercise of the power of eminent domain for a purpose substantially different from that for which it is held by such public benefit corporation, just compensation to the public benefit corporation shall be made in the same manner, […]
2879-A – Comptroller Approval of Contracts.
§ 2879-a. Comptroller approval of contracts. 1. Except as set forth in subdivision three of this section, where the comptroller determines pursuant to his or her authority to supervise the accounts of public corporations, that contracts or categories of contracts in excess of one million dollars (a) to be awarded by a state authority to […]