1300 – Short Title.

§ 1300. Short title. This title may be cited as the “Capital District Transportation Authority Act”.

1301 – Definitions.

§ 1301. Definitions. As used or referred to in this title, unless a different meaning clearly appears from the context: 1. “Authority” shall mean the corporation created by section thirteen hundred three of this title. 2. “Transportation district” and “district” shall mean the Capital District transportation district created by section thirteen hundred two of this […]

1302 – Capital District Transportation District.

§ 1302. Capital District transportation district. There is hereby created and established a transportation district to be known as the Capital District transportation district. This district shall embrace the counties of Albany, Schenectady, Rensselaer, and Saratoga and such of the following counties as may elect to become members by action of their governing bodies as […]

1303 – Capital District Transportation Authority.

§ 1303. Capital District transportation authority. 1. (a) There is hereby created the Capital District transportation authority. The authority shall be a body corporate and politic constituting a public benefit corporation. It shall consist of not less than eight nor more than fifteen members, including a chairman and shall have one non-voting member as described […]

1304 – Purposes of the Authority.

§ 1304. Purposes of the authority. 1. The purposes of the authority shall be the continuance, further development and improvement of transportation and other services related thereto within the Capital District transportation district, by railroad, omnibus, marine and air, in accordance with the provisions of this title. 2. It is hereby found and declared that […]

1305 – Formulation, Filing and Adoption of Action Plan; Amendments.

§ 1305. Formulation, filing and adoption of action plan; amendments. The authority shall formulate an action plan for transportation within the district. In formulating such action plan, the authority shall consult and cooperate with the commissioner, the capital district regional planning commission and the planning authorities in the area of its operations, and shall utilize […]

1305-A – Filing Five Year Performance, Capital and Operating Finance Plans.

§ 1305-a. Filing five year performance, capital and operating finance plans. 1. (a) On or before October first, nineteen hundred ninety-four, and annually thereafter on or before April first, the authority shall adopt an operational performance plan for the five-year period commencing April first. The plan shall set operational performance plan goals and objectives, including […]

1306 – General Powers of the Authority.

§ 1306. General powers of the authority. A. Except as otherwise limited by this title, the authority shall have power: 1. To sue and be sued; 2. To have a seal and alter the same at pleasure; 3. To borrow money and issue negotiable notes, bonds or other obligations and to provide for the rights […]

1307 – Special Powers of the Authority.

§ 1307. Special powers of the authority. In order to effectuate the purposes of this title: 1. The authority may acquire, by purchase, gift, grant, transfer, contract or lease, or condemnation, any transportation facility, including port or related facilities wholly or partially within the Capital District transportation district or any part thereof, or the use […]

1308 – Acquisition and Disposition of Real Property.

§ 1308. Acquisition and disposition of real property. 1. In addition to the powers provided in section thirteen hundred six of this title to acquire transportation facilities, equipment and real property, the authority may acquire, by condemnation pursuant to the condemnation law and/or in accordance with the condemnation provisions of subdivision seven of this section, […]

1309 – Cooperation and Assistance of Other Agencies.

§ 1309. Cooperation and assistance of other agencies. In the interest of economy and to promote coordination of authority projects with state, local, county and regional plans and also to carry out the objective of full participation of all agencies in the development of a transportation system and facilities to meet the objectives of this […]

1310 – Notes and Bonds of the Authority.

§ 1310. Notes and bonds of the authority. 1. (a) The authority shall have power and is hereby authorized from time to time to borrow money and issue its negotiable bonds and notes in such principal amount, as, in the opinion of the authority, shall be necessary to provide sufficient funds for achieving its purposes, […]

1311 – Reserve Funds and Appropriations.

§ 1311. Reserve funds and appropriations. 1. The authority may create and establish one or more reserve funds to be known as debt service reserve funds and may pay into such debt service reserve funds (a) any moneys appropriated and made available by the state for the purposes of such funds, (b) any proceeds of […]

1312 – Agreement of the State.

§ 1312. Agreement of the state. The state does hereby pledge to and agree with the holders of any notes or bonds issued under this title, that the state will not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreements made with the holders thereof, or in […]

1313 – Right of State to Require Redemption of Bonds.

§ 1313. Right of state to require redemption of bonds. Notwithstanding and in addition to any provisions for the redemption of bonds which may be contained in any contract with the holders of the bonds, the state may, upon furnishing sufficient funds therefor, require the authority to redeem, prior to maturity, as a whole, any […]

1314 – Remedies of Noteholders and Bondholders.

§ 1314. Remedies of noteholders and bondholders. 1. In the event that the authority shall default in the payment of principal of or interest on any issue of notes or 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 […]

1315 – Notes and Bonds as Legal Investment.

§ 1315. Notes and bonds as legal investment. The notes and bonds of the authority are hereby made securities in which all public officers and bodies of the state and all municipalities and political subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks […]

1316 – Exemption From Taxation.

§ 1316. Exemption from taxation. It is hereby found, determined and declared that the creation of the authority and the carrying out of its purposes is in all respects for the benefit of the people of the state of New York and for the improvement of their health, welfare and prosperity and is a public […]

1317 – Actions Against the Authority.

§ 1317. Actions against the authority. 1. As a condition to the consent of the state to such suits against the authority, in every action against the authority for damages, for injuries to real or personal property or for the destruction thereof, or for personal injuries or death, the complaint shall contain an allegation that […]

1318 – Agreements Relating to Payment in Lieu of Taxes.

§ 1318. Agreements relating to payment in lieu of taxes. To the end that municipal corporations, counties and school districts may not suffer undue loss of taxes or assessments: If the authority acquires property for non-transportation purposes (e.g. for future transportation purposes but not to be so used immediately) the authority except as hereinafter provided, […]