1226-A – Short Title.

§ 1226-a. Short title. This title shall be known and may be cited as the “upper Mohawk valley regional water finance authority act.”

1226-B – Definitions.

§ 1226-b. Definitions. As used or referred to in this title, unless a different meaning clearly appears from the context: 1. “Authority” means the corporation created by section one thousand two hundred twenty-six-c of this title. 2. “Board of water supply” means the board of water supply of the city. 3. “Bonds” means the bonds, […]

1226-C – Upper Mohawk Valley Regional Water Finance Authority.

§ 1226-c. Upper Mohawk valley regional water finance authority. 1. A public corporation to be known as the “upper Mohawk valley regional water finance authority” is hereby created for the public purposes and charged with the duties and having the powers provided in this title. The authority shall be a body corporate and politic constituting […]

1226-D – Powers of the Authority.

§ 1226-d. Powers of the authority. The authority shall have the power: 1. To sue and be sued. 2. To have a seal and alter the same at pleasure. 3. To borrow money and issue bonds or other obligations for its corporate purposes and to provide for the rights of the holders thereof. 4. To […]

1226-E – Water Board.

§ 1226-e. Water board. 1. A water board, to be known as the “Upper Mohawk valley regional water board”, may be created by a special act of the state legislature as a body corporate and politic, constituting a corporate municipal instrumentality of the state and having the powers and duties as provided in this title. […]

1226-F – General Powers of the Water Board.

§ 1226-f. General powers of the water board. Except as otherwise limited by this title, the water board shall have power: 1. To sue and be sued. 2. To have a seal and alter the same at pleasure. 3. To enter into contracts and to execute all instruments necessary or convenient or desirable for the […]

1226-G – Transfer of Water Facilities by the Board of Water Supply or Any Municipality.

§ 1226-g. Transfer of water facilities by the board of water supply or any municipality. 1. The board of water supply or any municipality may, by resolution approved by a majority of the entire voting strength of the applicable governing body of the board of water supply or municipality, as the case may be, enter […]

1226-H – Agreements Among the Water Board, Board of Water Supply, Municipalities and the Authority for the Provision of Projects.

§ 1226-h. Agreements among the water board, board of water supply, municipalities and the authority for the provision of projects. 1. The authority, the water board, the board of water supply and any municipality may enter into agreements for the purpose of providing for the construction and financing of a project. 2. Any such agreements: […]

1226-I – Imposition and Disposition of Fees, Rates or Charges.

§ 1226-i. Imposition and disposition of fees, rates or charges. 1. The water board shall establish, fix and revise, from time to time, fees, rates or other charges for the use of, or services furnished, rendered or made available by, all projects and water facilities owned, leased or utilized by the water board pursuant to […]

1226-J – Appropriations for Purposes of Water Board or the Authority; Transfer of Property to Water Board or Authority; Acquisition of Property by Municipality

§ 1226-j. Appropriations for purposes of water board or the authority; transfer of property to water board or authority; acquisition of property by municipality for authority; contracts with municipality. 1. In addition to any powers granted to it by law, any municipality may, from time to time, appropriate by resolution sums of money for purposes […]

1226-K – Transfer of Officers and Employees.

§ 1226-k. Transfer of officers and employees. 1. In accordance with the provisions of section seventy of the civil service law, any officer or employee of the board of water supply, may, at the request of the authority and with the consent of such board, be transferred to the authority and shall be eligible for […]

1226-L – Bonds of the Authority.

§ 1226-l. Bonds of the authority. 1. The authority shall have the power and is hereby authorized from time to time to issue bonds, notes or other obligations to pay the cost of any project or for any other corporate purpose, including the establishment of reserves to secure the bonds, the payment of principal of, […]

1226-M – Remedies of Bondholders.

§ 1226-m. 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 […]

1226-N – State, Water Board or Municipality, Other Than the Authority, Not Liable on Authority Bonds.

§ 1226-n. State, water board or municipality, other than the authority, not liable on authority bonds. Neither the state, the water board nor any municipality, other than the authority, shall be liable on the bonds of the authority and such bonds shall not be a debt of either the state, the water board or any […]

1226-O – Moneys of the Authority.

§ 1226-o. Moneys of the authority. 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 trust company in the state designated by the governing body. The moneys in such accounts shall be paid out on check of […]

1226-P – Bonds Legal Investments for Fiduciaries.

§ 1226-p. Bonds legal investments for fiduciaries. The bonds of the authority are hereby made securities in which all public officials 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 savings associations, including savings and […]

1226-Q – Agreement With the State.

§ 1226-q. Agreement with the state. The state does hereby pledge to and agree with the holders of any bonds issued by the authority pursuant to this title and with those persons or public corporations who may enter into contracts with the authority pursuant to the provisions of this title that the state will not […]

1226-R – Exemption From Taxes, Assessments and Certain Fees.

§ 1226-r. Exemption from taxes, assessments and certain fees. 1. The authority shall not be required to pay any fees, taxes, special ad valorem levies or assessments, whether state or local, including but not limited to fees, taxes, special ad valorem levies or assessments on real property, franchise taxes, sales taxes or other excise taxes, […]

1226-S – Actions Against Water Board and Authority.

§ 1226-s. Actions against water board and authority. 1. Except in an action for wrongful death, no action or special proceeding shall be prosecuted or maintained against either the water board or the authority or their members, officers or employees for personal injury or damage to real or personal property alleged to have been sustained […]

1226-T – Contracts.

§ 1226-t. Contracts. All contracts for construction shall be let by the authority in conformity with the applicable provisions of section one hundred thirty-five of the state finance law and shall be let in accordance with the provisions of state law pertaining to prevailing wages, labor standards and working hours. The authority may, in its […]