2776 – Short Title.

§ 2776. Short title. This title may be cited as the “Albany County Airport Authority Act”.

2777 – Statement of Legislative Findings and Purpose.

§ 2777. Statement of legislative findings and purpose. The legislature hereby finds and declares as follows: 1. The economic well-being of the state and the general welfare of its people require adequate, safe, secure and efficient aviation and transportation facilities at a reasonable cost to the people. 2. The strengthening and improvement of aviation facilities […]

2778 – Definitions.

§ 2778. Definitions. As used or referred to in this title, unless a different meaning clearly appears from the context: 1. “Airport” (a) shall mean any area of land or water which is used or intended for use, for the landing and takeoff of aircraft, and any appurtenant areas which are used, or intended for […]

2779 – Albany County Airport Authority.

§ 2779. Albany county airport authority. 1. (a) There is hereby created the Albany county airport authority. The authority shall be a body corporate and politic constituting a public benefit corporation. The authority shall consist of seven members who shall be residents of Albany county. The members shall be appointed in the following manner: three […]

2780 – Advances on Behalf of the Authority; Transfer of Property to Authority; Acquisition of Property by County for Authority.

§ 2780. Advances on behalf of the authority; transfer of property to authority; acquisition of property by county for authority. 1. In addition to any powers granted to it by law, the county may, from time to time, appropriate by resolution sums of money to defray project costs or any other costs and expenses of […]

2781 – Transfer of Officers and Employees.

§ 2781. 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 county, may, at the request of the authority and with the consent of the county executive, be transferred to the authority and shall be eligible for such transfer […]

2782 – General Powers of the Authority.

§ 2782. General powers of the authority. 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 bonds for any of its corporate purposes or its projects and to provide […]

2783 – Special Powers of the Authority.

§ 2783. Special powers of the authority. In order to effectuate the purpose of this title: 1. The authority may enter into any joint service arrangements as hereinafter provided. 2. The authority may, on such terms and conditions as the authority may determine necessary, convenient or desirable, establish, construct, effectuate, operate, manage, maintain, renovate, improve, […]

2784 – County Approval of Capital Projects.

§ 2784. County approval of capital projects. 1. It is the intention of the county to select and approve a specific airport redevelopment program for the Albany county airport upon completion of the federal aviation administration and New York state environmental review processes initiated in January of nineteen hundred ninety-two by Albany county for the […]

2785 – Bonds of the Authority.

§ 2785. 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, […]

2786 – Remedies of Bondholders.

§ 2786. 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 or of interest on any issue of bonds, after the same shall become due, whether at maturity or upon call for redemption, and such default […]

2787 – State and County Not Liable on Authority Bonds.

§ 2787. State and county not liable on authority bonds. Neither the state nor the county shall be liable on the bonds of the authority and such bonds shall not be a debt of the state or the county, and such bonds shall contain on the face thereof a statement to such effect.

2788 – Monies of the Authority.

§ 2788. Monies of the authority. All monies 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 designated by the authority. The monies in such accounts shall be paid out on check of the treasurer upon requisition by […]

2789 – Bonds Legal Investment for Fiduciaries.

§ 2789. Bonds legal investment for fiduciaries. The bonds of the authority are hereby made securities in which all public officers 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 […]

2790 – Agreement With State.

§ 2790. Agreement with 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 alter, […]

2791 – Agreement With County.

§ 2791. Agreement with county. The county is authorized to 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 county will not […]

2792 – Exemption From Taxes, Assessments and Certain Fees.

§ 2792. 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, […]

2793 – Actions Against Authority.

§ 2793. Actions against authority. 1. Except in an action for wrongful death, no action or special proceeding shall be prosecuted or maintained against the authority, its members, officers, or employees for personal injury or damage to real or personal property alleged to have been sustained by reason of the negligence, tort or wrongful act […]

2794 – Contracts.

§ 2794. 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 […]

2795 – Code of Ethics.

§ 2795. Code of ethics. 1. Definition. As used in this section the term “authority employee” shall mean any member, officer or employee of the authority. 2. Rule with respect to conflicts of interest. No authority employee should have any interest, financial or otherwise, direct or indirect, or engage in any business or transaction or […]