1120 – Short Title.

§ 1120. Short title. This title shall be known and may be cited as the “Clifton Park water authority act”.

1120-A – Definitions.

§ 1120-a. 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 eleven hundred twenty-c of this title. 2. “Board” means the members of the authority constituting and acting as the governing board of the authority. 3. “Bonds” means […]

1120-B – Clifton Park Water District.

§ 1120-b. Clifton Park water district. There is hereby defined and established an area to be known as the “Clifton Park water district” which shall embrace all the territory located within the town of Clifton Park, provided that the authority shall only be empowered to exercise its corporate powers under this article within the Rexford […]

1120-C – Clifton Park Water Authority.

§ 1120-c. Clifton Park water authority. 1. A public corporation to be known as the Clifton Park water 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 a public benefit corporation, the objects […]

1120-D – Powers of the Authority.

§ 1120-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 and to provide for the rights of the holders thereof; 4. To enter into contracts and […]

1120-E – Advances on Behalf of the Authority; Transfer of Property to Authority; Acquisition of Property by Town for Authority.

§ 1120-e. Advances on behalf of the authority; transfer of property to authority; acquisition of property by town for authority. 1. In addition to any powers granted to it by law, the town, from time to time, may appropriate sums of money to or on behalf of the authority to defray project costs or any […]

1120-F – Governmental Capacity of the Authority and Municipalities.

§ 1120-f. Governmental capacity of the authority and municipalities. The authority, the town and the other municipalities, in carrying out their respective powers and duties under this title, shall be deemed to be acting in a governmental capacity and in the performance of an essential governmental function.

1120-G – Transfer of Officers and Employees.

§ 1120-g. Transfer of officers and employees. Any public officer or employee in the public service who is selected by the authority may, with the consent of the commission, board, or chief executive officer of the municipality by which he or she has been employed, be transferred to the authority and shall be eligible for […]

1120-H – Bonds of the Authority.

§ 1120-h. Bonds of the authority. 1. The authority shall have the power and is hereby authorized from time to time to issue bonds in such principal amounts as it may determine to be necessary to pay the cost of any project or for any other corporate purpose, including incidental expenses in connection therewith. The […]

1120-I – Remedies of Bondholders.

§ 1120-i. Remedies of bondholders. Subject to any resolution or resolutions adopted pursuant to paragraph (j) of subdivision four of section one thousand one hundred twenty-h of this title: 1. In the event that the authority shall default in the principal of or interest on any issue of bonds after the same shall become due, […]

1120-J – State and Town Not Liable on Authority Bonds.

§ 1120-j. State and town not liable on authority bonds. Neither the state nor the town shall be liable on the bonds of the authority and such bonds shall not be a debt of the state, or the town, and such bonds shall contain, on the face thereof, a statement to such effect.

1120-K – Moneys of the Authority.

§ 1120-k. 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 banks in the state designated by the board. The moneys in such accounts shall be paid out on check of the treasurer […]

1120-L – Bonds Legal Investments for Fiduciaries.

§ 1120-l. 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 […]

1120-M – Agreement of the State.

§ 1120-m. Agreement of the state. The state does hereby pledge to and agree with the holders of any bonds issued by the authority pursuant to this title that the state will not alter or limit the rights hereby vested in the authority to negotiate, purchase, construct, maintain, operate, repair, improve, increase, enlarge, extend, reconstruct, […]

1120-N – Exemption From Taxes, Assessments and Certain Fees.

§ 1120-n. Exemption from taxes, assessments and certain fees. 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 town and the state and is a public purpose and the authority shall be regarded […]

1120-O – Actions Against the Authority.

§ 1120-o. Actions against the authority. 1. No action or special proceeding shall be prosecuted or maintained against the authority for personal injury or damage to real or personal property alleged to have been sustained by reason of the negligence or wrongful act of the authority or of any member, officer, agent or employee thereof, […]

1120-P – Contracts.

§ 1120-p. Contracts. 1. All contracts or orders for work, material or supplies performed or furnished in connection with construction shall be awarded by the authority pursuant to resolution of the governing body except as hereinafter provided. Such awards, when applicable, shall be made in compliance with paragraph (e) of subdivision four and subdivision seven […]

1120-Q – Interest in Contracts Prohibited.

§ 1120-q. Interest in contracts prohibited. It shall be a misdemeanor for any member of the governing body or any officer, agent, servant or employee of the authority to be in any way or manner interested, directly or indirectly, in the furnishing of work, materials, supplies or labor, in any contract therefor which the authority […]

1120-R – Audit and Annual Report.

§ 1120-r. Audit and annual report. In conformity with the provisions of section five of article ten of the constitution, the accounts of the authority shall be subject to the supervision of the comptroller. The authority shall annually submit to the governor and state comptroller and to the state legislature a detailed report pursuant to […]

1120-S – Limited Liability.

§ 1120-s. Limited liability. Neither the members of the governing body, nor any municipality, officer or employee acting in its behalf, while acting within the scope of their authority, shall be subject to any personal liability resulting from the construction, maintenance or operation of any of the properties of the authority or from carrying out […]