1800 – Short Title.

§ 1800. Short title. This title may be cited as the “New York job development authority act.”

1804-A – Deed in Lieu of Foreclosure.

§ 1804-a. Deed in lieu of foreclosure. 1. The authority is hereby authorized to require at the time of the making of the loan or issuance of the loan guarantee, or at any time thereafter, in a form acceptable to it, a deed to all rights and interests in the real or personal property, as […]

1805 – Issuance of Bonds and Notes by the Authority.

§ 1805. Issuance of bonds and notes by the authority. 1. Subject to the limitations of other provisions of this title, the authority shall have the power and is hereby authorized to borrow money and to issue its negotiable bonds and notes in conformity with applicable provisions of the uniform commercial code in such principal […]

1806 – Exemption From Taxation of the Property and Income of the Authority.

§ 1806. Exemption from taxation of the property and income of the authority. The property of the authority and its income and operations shall be exempt from taxation.

1807 – Exemption From Taxation of Bonds and Notes of the Authority.

§ 1807. Exemption from taxation of bonds and notes of the authority. The state covenants with the purchasers and with all subsequent holders and transferees of bonds and notes issued by the authority pursuant to this title, in consideration of the acceptance of and payment for the bonds and notes, that the bonds and notes […]

1808 – Bonds and Notes of the Authority Legal Investments for Fiduciaries.

§ 1808. Bonds and notes of the authority legal investments for fiduciaries. The bonds and notes of the authority are hereby made securities in which all public officers and bodies of the state and all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, […]

1809 – Right of State to Require Redemption of Bonds.

§ 1809. 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 […]

1810 – Moneys of the Authority.

§ 1810. Moneys of the authority. 1. All moneys of the authority, from whatever source derived, shall be paid to the commissioner of taxation and finance as agent of the authority, who shall not commingle such moneys with any other moneys. Such moneys shall be deposited in a separate bank account or accounts. The moneys […]