* § 1020-a. Definitions. As used or referred to in this title, unless a different meaning clearly appears from the context: 1. The term “authority” shall mean the corporation created by section one thousand twenty-c of this title. 2. The term “bonds” shall mean bonds, notes or other evidences of indebtedness issued by the authority […]
* § 1020-b. Green Island power district. There is hereby defined and established an area to be known as the “Green Island power district,” which shall embrace all the territory located within the village of Green Island, Albany county. * NB There are 2 § 1020-b’s
* § 1020-c. Green Island power authority. 1. There is hereby created and established a public corporation, to be known as the “Green Island power authority”. The authority shall be a body corporate and politic constituting a public benefit corporation, the objects of which in the judgment of the legislature cannot be attained under general […]
* § 1020-d. Powers of the authority. The power conferred by this title shall be exercised by the members of the authority, subject to the terms of this title. In the exercise of those powers, either directly or through its officers and employees, the members may do the following things, among others, and the following […]
* § 1020-e. Power to furnish service within district. The authority shall have power to construct or acquire, and to equip, own and operate, within or without the territorial limits of the district, any properties and any and all other real and personal property, used, connected with or appertaining to the furnishing and transmission of […]
* § 1020-f. Sale of surplus. Whenever any electrical energy which the authority may acquire creates a surplus over the amount of light, heat and power, in any of such services, required by the residents of the district to which such service is contracted, the authority may sell such surplus in territory outside the district […]
* § 1020-h. Bonds and notes of the authority. 1. The authority shall have the power and is hereby authorized from time to time to issue bonds in conformity with applicable provisions of the uniform commercial code for any of its corporate purposes, including incidental expenses in connection therewith, and to secure the payment of […]
* § 1020-i. Remedies of bondholders. 1. In the event that the authority shall default in the payment of principal of or interest on any issue of the bonds after the same shall become due, whether at maturity or upon call for redemption, and such default shall continue for a period of thirty days, or […]
* § 1020-j. State and village not liable on bonds and notes. The bonds and other obligations of the authority shall not be a debt of the state or of the village and, subject to section one thousand twenty-o of this title, the board shall have no power to make them payable out of any […]
* § 1020-k. Agreements of the state. The state does pledge to and agree with the holders of any bonds issued by the authority pursuant to this title that the state will not limit or alter the rights hereby vested in the authority to establish and collect the revenues and other charges referred to in […]
* § 1020-l. Bonds legal investments 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 […]
* § 1020-m. 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 village and its environs, and is a public purpose, and the authority shall be regarded as performing a […]
* § 1020-n. Tax contract by the state. The state covenants with the purchasers and with all subsequent holders and transferees of bonds or notes issued by the authority pursuant to this title, in consideration of the acceptance of and payment for the bonds that the bonds of the authority issued pursuant to this title […]
* § 1020-o. Payments by municipalities. The board of trustees of the village and the governing body of any municipality in which surplus of the authority is sold pursuant to section one thousand twenty-f of this title are authorized to make payments to the authority for its support. It is hereby determined that such payments […]
* § 1020-p. Duty of authority to maintain and operate. It shall be the duty of the authority, subject to any limitation on the amount of revenues to be expended for such purpose, to maintain and operate and where necessary to reconstruct its properties. * NB There are 2 § 1020-p’s
* § 1020-q. Transfer of officers and employees. Any public officer or employee under civil service, selected by the authority may, with the consent of the commission, board or department by which he or she has been employed, be transferred to the authority and shall be eligible for such transfer and appointment without examination to […]
* § 1020-r. Officers and employees not to be interested in transactions. It shall be a misdemeanor for any of the members of the authority, or any officer, agent, servant or employee thereof, employed or appointed by them to be in any way or manner interested directly or indirectly in the furnishing of work, materials, […]
* § 1020-s. Contracts. All contracts, or orders, for work, material or supplies performed or furnished in connection with construction or any procurement shall be awarded by the authority pursuant to resolution. Such contracts, or orders, for work, material or supplies needed for any particular purpose involving an expenditure for more than five thousand dollars […]
* § 1020-t. Audit. The accounts of the authority shall be subject to the supervision of the comptroller. * NB There are 2 § 1020-t’s
* § 1020-u. Actions against authority. 1. In any action founded upon tort a notice of claim shall be required as a condition precedent to the commencement of an action or special proceeding against the authority or any officer, appointee, agent or employee thereof, and the provisions of section fifty-e of the general municipal law […]
