N.Y. PBA Law § 2533 — New York Code / Act PBA / Article 8 / Title 26 / Section 2533
Legislative findings and declaration of purposes
Status: in_force

§ 2533. Legislative findings and declaration of purposes. The\nlegislature hereby finds and declares that the city of New York is faced\nwith a grave and unprecedented fiscal crisis which threatens the city's\nability to provide essential services and thereby endangers the welfare\nof all the inhabitants of such city. This crisis has been caused by a\nheightened demand for such services at a time of a sharp increase in the\ncost thereof. Accordingly, the legislature hereby further finds and\ndeclares that it is necessary for a corporation to be created to assist\nsuch city to enable it to provide such essential services during the\nnineteen hundred seventy-three--nineteen hundred seventy-four and\nnineteen hundred seventy-four--nineteen hundred seventy-five fiscal\nyears of such city on a sound financial basis.\n
N.Y. PBA Law § 2532 — New York Code / Act PBA / Article 8 / Title 26 / Section 2532
New York city stabilization reserve corporation
Status: in_force

§ 2532. New York city stabilization reserve corporation. (a) There is\nhereby created the New York city stabilization reserve corporation. The\ncorporation shall be a corporate governmental agency constituting a\npublic benefit corporation. It shall have the powers and privileges of a\ncorporation and all of its business shall be transacted, all funds\ninvested, all warrants for money drawn and payments made, and all cash\nand securities and other personal property held under its corporate\nname.\n  (b) The corporation shall continue until all its liabilities have been\nmet or otherwise discharged and until its existence shall have been\nterminated by law. Upon the termination of the existence of the\ncorporation, all of its rights and property shall pass to and be vested\nin the city.\n
N.Y. ENV Law § 27-2607 — New York Code / Act ENV / Article 27 / Title 26 / Section 27-2607
Retailer requirements
Status: in_force

§ 27-2607. Retailer requirements.\n  1. At the location of sale of covered electronic equipment, a retailer\nshall provide purchasers of covered electronic equipment with\ninformation, if any, about opportunities for the return of electronic\nwaste that has been provided to the retailer by a manufacturer.\n  2. Beginning April first, two thousand eleven, no retailer shall sell\nor offer for sale in the state any covered electronic equipment unless\nthe manufacturer and the manufacturer's brands are registered with the\ndepartment pursuant to section 27-2605 of this title. If the retailer\npurchased covered electronic equipment from a manufacturer who fails to\nregister by January first, two thousand eleven, or prior to the date the\nmanufacturer withdrew its registration or the registration was revoked\nby the department, the retailer may continue to sell the covered\nelectronic equipment for one hundred eighty days after April first, two\nthousand eleven, or the date the registration was withdrawn or revoked.\n
N.Y. PBA Law § 2538 — New York Code / Act PBA / Article 8 / Title 26 / Section 2538
Payments to the city
Status: in_force

§ 2538. Payments to the city. (a) In the event that the mayor of such\ncity certifies to the corporation an amount which is not in excess of\none hundred fifty million dollars as the amount which is required by\nsuch city during the city fiscal year nineteen hundred\nseventy-three--nineteen hundred seventy-four to enable such city to\nprovide essential services during such city fiscal year, the corporation\nmay within the limitation of aggregate indebtedness set forth in section\ntwenty-five hundred thirty-six of the title, issue its notes or bonds\nand deliver such amount to the comptroller of such city for deposit in\nthe city's general fund.\n  (b) In the event that the mayor shall include in his proposed expense\nbudget for the fiscal year nineteen hundred seventy-four--nineteen\nhundred seventy-five of such city an estimate of amounts payable from\nthe corporation, the mayor shall, by July fifteenth of such fiscal year\ncertify in writing to the corporation the amounts payable from the\ncorporation which the city council deducted as part of the total amount\nof receipts as estimated by the mayor from the amount of the budget in\nfixing the tax rate pursuant to section fifteen hundred fifteen of the\nNew York city charter. The amount as certified shall be the amount which\nis required by the city from the corporation. Upon receipt of such\ncertification, the corporation may, within the limitation of aggregate\nindebtedness set forth in section twenty-five hundred thirty-six of this\ntitle, issue its notes or bonds in an amount adequate to provide the\ncertified amount and shall promptly deliver such amount to the\ncomptroller for deposit in the city's general fund.  Such certification\nshall be deemed a finding by the mayor, city council and city board of\nestimate that the city is faced with a grave fiscal crisis warranting\nsuch financial assistance by the corporation.\n
N.Y. PBA Law § 2537 — New York Code / Act PBA / Article 8 / Title 26 / Section 2537
Reserve fund and appropriations
Status: in_force

§ 2537. Reserve fund and appropriations. 1. (a) The corporation shall\ncreate and establish a special fund (herein referred to as the capital\nreserve fund) on or before December first, nineteen hundred seventy-five\nand shall pay into such capital reserve fund (1) any monies appropriated\nand made available by the city for the purpose of such fund, (2) any\nproceeds of sale of notes or bonds, to the extent provided in the\nresolution or resolutions of the corporation authorizing the issuance\nthereof, and (3) any other monies which may be made available to the\ncorporation for the purpose of such fund from any other source. All\nmonies held in the capital reserve fund, except as hereinafter provided,\nshall be used as required solely for the payment of the principal of\nbonds as the same mature, sinking fund payments, the purchase or\nredemption of bonds, the payment of interest on bonds or the payment of\nany redemption premium required to be paid when such bonds are redeemed\nprior to maturity; provided, however, that monies in such fund shall not\nbe withdrawn therefrom at any time in such amount as would reduce the\namount of such fund to less than the capital reserve fund requirement,\nexcept for the purposes provided herein, for which other monies of the\ncorporation are not available. Any income or interest earned by, or\nincrement to, the capital reserve fund due to the investment thereof may\nbe transferred by the corporation to other funds or accounts of the\ncorporation to the extent it does not reduce the amount of the capital\nreserve fund below the capital reserve fund requirement.\n  (b) In computing the amount of the capital reserve fund for the\npurposes of this section, securities in which all or a portion of such\nfund shall be invested shall be valued at par or if purchased at less\nthan par at their cost to the corporation.\n  (c) To assure the continued operation and solvency of the corporation\nfor the carrying out of its corporate purpose, provision is made in\nparagraph (a) of this subdivision for the accumulation in the capital\nreserve fund of an amount equal to the capital reserve fund requirement.\nIn order further to assure such maintenance of the capital reserve fund,\nthere shall be paid by the city to the corporation for deposit in the\ncapital reserve fund on or before the first day of December, in each\nyear, such amount, if any, needed for the purpose of maintaining the\ncapital reserve fund at the capital reserve fund requirement as shall be\ncertified by the chairman of the corporation to the mayor and the\ndirector of management and budget on or before the fifteenth day of\nFebruary next preceding; provided that any such amount shall have been\nfirst appropriated by or on behalf of the city for such purpose or shall\nhave been otherwise made available.\n  2. The corporation may create and establish such other fund or funds\nas may be necessary or desirable for its corporate purpose.\n
N.Y. ENV Law § 27-2617 — New York Code / Act ENV / Article 27 / Title 26 / Section 27-2617
Reporting requirements
Status: in_force

§ 27-2617. Reporting requirements.\n  1. Beginning March first, two thousand twelve, for the period of April\nfirst, two thousand eleven through December thirty-first, two thousand\neleven and each calendar year thereafter, a manufacturer that offers\ncovered electronic equipment for sale in this state shall submit a\nreport to the department on a form prescribed by the department that\nincludes the following:\n  (a) sales data reported by weight for the manufacturer's covered\nelectronic equipment sold in this state for the previous three calendar\nyears, categorized by type to the extent known. If the manufacturer\ncannot provide accurate state sales data, it must explain why such data\ncannot be provided, and estimate state sales data by (i) dividing its\nnational sales data by weight by the national population according to\nthe most recent census and multiplying the result by the population of\nthe state, or (ii) another method approved by the department;\n  (b) the quantity, by weight, of electronic waste collected for\nrecycling or reuse in this state, categorized by the type of covered\nelectronic equipment collected during the reporting period, the methods\nused to accept the electronic waste, and the approximate weight of\nelectronic waste accepted by each method used to the extent known;\n  (c) all quantities of electronic waste reported by the manufacturer\nmust separately include electronic waste generated by New York state\nconsumers and electronic waste received from or shipped outside the\nstate: (i) the quantity, by weight, of electronic waste received\ndirectly from consumers in the state through a mail back program; (ii)\nthe name and address of each electronic waste collection site,\nelectronic waste consolidation facility, and electronic waste recycling\nfacility at which electronic waste from consumers was received on behalf\nof the manufacturer during the reporting period, along with the\nquantity, by weight, of electronic waste received; and (iii) the name\nand address of each person to whom the manufacturer sent electronic\nwaste or component materials during the reporting period, along with the\nquantity, by weight, of electronic waste or component materials thereof\nsent to each such person;\n  (d) the number of electronic waste acceptance credits purchased, sold,\nbanked and traded during the reporting period, the number of electronic\nwaste acceptance credits used to meet the requirements of section\n27-2603 of this title, and from whom they were purchased and to whom\nthey were sold or traded, and the number of electronic waste acceptance\ncredits retained as of the date of the report;\n  (e) the amount of any recycling surcharge owed for the reporting\nperiod, with sufficient information to demonstrate the basis for the\ncalculation of the surcharge;\n  (f) the names and locations of electronic waste recycling facilities\nutilized by the manufacturer and entities to which electronic waste is\nsent for reuse, whether in the state or outside the state, including\ndetails on the methods of recycling or reuse of electronic waste, any\ndisassembly or physical recovery operation used, and the environmental\nmanagement measures implemented by such recycling facility or entity;\n  (g) information detailing the acceptance methods made available to\nconsumers in municipalities which have a population of greater than ten\nthousand and in each county of the state to meet the requirements of\nparagraph (a) of subdivision five of section 27-2605 of this title;\n  (h) a brief description of its public education program including the\nnumber of visits to the internet website and calls to the toll-free\ntelephone number provided by the manufacturer as required by section\n27-2605 of this title;\n  (i) any other information as required by the department; and\n  (j) a signature by an officer, director, or other individual affirming\nthe accuracy of the report.\n  2. The department may require annual reports to be filed\nelectronically.\n  3. The report shall be accompanied by an annual reporting fee of three\nthousand dollars, and any recycling surcharge due pursuant to section\n27-2603 of this title.\n  4. The department shall submit a report on implementation of the title\nin this state to the governor and legislature by April first, two\nthousand twelve and every two years thereafter. The report must include,\nat a minimum, an evaluation of:\n  (a) the electronic waste stream in the state;\n  (b) recycling and reuse rates in the state for covered electronic\nequipment;\n  (c) a discussion of compliance and enforcement related to the\nrequirements of this title;\n  (d) recommendations for any changes to this title; and\n  (e) a discussion of opportunities for business development in the\nstate related to the acceptance, collection, handling and recycling or\nreuse of electronic equipment in this state.\n
N.Y. PBA Law § 2545 — New York Code / Act PBA / Article 8 / Title 26 / Section 2545
Exemption from taxation
Status: in_force

§ 2545. Exemption from taxation. 1. It is hereby determined that the\ncreation of the corporation and the carrying out of its corporate\npurpose is in all respects a public and governmental purpose for the\nbenefit of the people of the state and for the improvement of their\nhealth, safety, welfare, comfort and security, and that said purposes\nare public purposes and that the corporation will be performing an\nessential governmental function in the exercise of the powers conferred\nupon it by this title.\n  2. The property of the corporation and its income and operations shall\nbe exempt from taxation.\n  3. The notes and bonds of the corporation issued pursuant to this\ntitle and the income therefrom and all its fees, charges, gifts, grants,\nrevenues, receipts, and other monies received or to be received, pledged\nto pay or secure the payment of such notes or bonds shall at all times\nbe free from taxation, except for estate and gift taxes and taxes on\ntransfers.\n
N.Y. PBA Law § 2544 — New York Code / Act PBA / Article 8 / Title 26 / Section 2544
Notes and bonds as legal investments
Status: in_force

§ 2544. Notes and bonds as legal investments. The notes and bonds of\nthe corporation are hereby made securities in which all public officers\nand bodies of this state and all municipalities and municipal\nsubdivisions, all insurance companies and associations and other persons\ncarrying on an insurance business, all banks, bankers, trust companies,\nsavings banks and savings associations, including savings and loan\nassociations, building and loan associations, investment companies and\nother persons carrying on a banking business, all administrators,\nguardians, executors, trustees and other fiduciaries, and all other\npersons whatsoever who are now or may hereafter be authorized to invest\nin bonds or in other obligations of the state, may properly and legally\ninvest funds, including capital, in their control or belonging to them.\nThe notes and bonds are also hereby made securities which may be\ndeposited with and may be received by all public officers and bodies of\nthe state and all municipalities and public corportions for any purpose\nfor which the deposit of bonds or other obligations of the state is now\nor may hereafter be authorized.\n
N.Y. PBA Law § 2540 — New York Code / Act PBA / Article 8 / Title 26 / Section 2540
Payments to the corporation
Status: in_force

§ 2540. Payments to the corporation. (a) Since the corporation's\ncontinued discharge of its public and governmental purpose is of benefit\nto the city, the city shall pay, within the appropriations available\ntherefor, the expenses of the establishment and continued operation of\nthe corporation.\n  (b) In the event of the failure or inability of the city to pay over\nto the corporation, in full, on or before the first day of December, the\namount required to be paid by section twenty-five hundred thirty-seven\nof this title, the chairman of the corporation shall forthwith certify\nto the state comptroller the amount remaining unpaid and thereupon the\nstate comptroller shall pay such amount to the corporation out of the\nfirst monies available for the next succeeding payments to the city from\nthe stock transfer tax fund established by section ninety-two-b of the\nstate finance law.\n  (c) In the event that the amount paid by the comptroller pursuant to\nsubdivision (b) of this section is inadequate to restore the capital\nreserve fund to the capital reserve fund requirement, the state\ncomptroller shall pay to the corporation, out of the first monies\navailable for the next succeeding payments of (i) state aid apportioned\nto the city of New York as per capita aid for the support of local\ngovernment pursuant to section fifty-four of the state finance law or\n(ii) such other aid or assistance payable by the state to the city and\nnot otherwise allocated as shall supersede or supplement such state per\ncapita aid, including federal monies apportioned to the city by the\nstate, such amount remaining unpaid, after giving written notice to the\ndirector of management and budget of each amount to be paid out of such\naid, until the amount in the capital reserve fund is restored to the\ncapital reserve fund requirement; except, however, that prior to any\ndeductions from any such aid or assistance, state aid monies, if any,\npayable, pursuant to the provisions of any law the effective date of\nwhich is prior to the effective date of this title, to a public benefit\ncorporation shall be paid in full to such corporation. Any amount so\npaid over to the corporation shall be deducted from the corresponding\napportionment of such per capita state aid otherwise payable to the city\nof New York, and shall not obligate the state to make nor entitle the\ncity to receive any additional apportionment or payment of per capita\nstate aid.\n
N.Y. PBA Law § 2543 — New York Code / Act PBA / Article 8 / Title 26 / Section 2543
Remedies of noteholders and bondholders
Status: in_force

§ 2543. Remedies of noteholders and bondholders. 1. In the event that\nthe corporation shall default in the payment of principal of or interest\non or sinking fund payment on any issue of notes or bonds after the same\nshall become due, whether at maturity or upon call from redemption, or\nin the event that the corporation shall default in any agreement made\nwith the holders of any issue of notes or bonds, the holders of\ntwenty-five per centum in aggregate principal amount of the notes or\nbonds of such issue then outstanding, by instrument or instruments filed\nin the office of the clerk of the county of New York and proved or\nacknowledged in the same manner as a deed to be recorded, may appoint a\ntrustee to represent the holders of such notes or bonds for the purposes\nherein provided.\n  2. Such trustee may, and upon written request of the holders of\ntwenty-five per centum in principal amount of such notes or bonds then\noutstanding shall, in his or its own name:\n  (a) by suit, action or proceeding in accordance with the civil\npractice law and rules, enforce all rights of the noteholders or\nbondholders, including the right to require the corporation to carry out\nany agreement with such holders and to perform its duties under this\ntitle;\n  (b) bring suit upon such notes or bonds;\n  (c) by action or suit, require the corporation to account as if it\nwere the trustee of an express trust for the holders of such notes or\nbonds;\n  (d) by action or suit, enjoin any acts or things which may be unlawful\nor in violation of the rights of the holders of such notes or bonds;\n  (e) declare all such notes or bonds due and payable, and if all\ndefaults shall be made good, then, with the consent of the holders of\ntwenty-five per centum of the principal amount of such notes or bonds\nthen outstanding annul such declaration and its consequences.\n  3. The supreme court shall have jurisdiction of any suit, action or\nproceeding by the trustee on behalf of such noteholders or bondholders.\nThe venue of any such suit, action or proceeding shall be laid in the\ncounty of New York.\n  4. Before declaring the principal of notes or bonds due and payable,\nthe trustee shall first give thirty days' notice in writing to the\ncorporation, the mayor and to the attorney general of the state.\n
N.Y. ENV Law § 27-2615 — New York Code / Act ENV / Article 27 / Title 26 / Section 27-2615
Department responsibilities
Status: in_force

§ 27-2615. Department responsibilities.\n  1. The department is authorized to promulgate rules and regulations\nnecessary to implement and administer this title. At a minimum, the\ndepartment shall promulgate rules and regulations on: standards for\nreuse; electronic waste acceptance credits; waivers of the recycling\nsurcharge; and acceptable alternative methods for the determination of\nstate sales data.\n  2. The department shall (a) maintain a list of manufacturers who are\nregistered pursuant to section 27-2605 of this title, (b) maintain a\nlist of each such manufacturer's brands, and (c) post such lists on the\ndepartment's website.\n  3. The department may waive the recycling surcharge payable by a\nmanufacturer under this title when the manufacturer demonstrates in an\napplication to the department it was unable to accept the weight of\nelectronic waste required by section 27-2603 of this title despite the\nmanufacturer's best efforts. The application shall be made with the\nannual report required by section 27-2617 of this title. The application\nshall include such information as the department requires. A waiver\nprovided pursuant to this subdivision shall not relieve a manufacturer\nfrom the obligation to comply with the provisions of this title not\nspecifically addressed in such waiver.\n
N.Y. PBA Law § 2548 — New York Code / Act PBA / Article 8 / Title 26 / Section 2548
Assistance to the corporation
Status: in_force

§ 2548. Assistance to the corporation. With the consent of the city,\nthe corporation may use agents, employees and facilities of the city,\nincluding the corporation counsel, paying to the city its agreed\nproportion of the compensation or costs.\n
N.Y. ENV Law § 27-2601 — New York Code / Act ENV / Article 27 / Title 26 / Section 27-2601
Definitions
Status: in_force

§ 27-2601. Definitions.\n  As used in this title:\n  1. "Cathode ray tube" means a vacuum tube or picture tube used to\nconvert an electronic signal into a visual image.\n  2. "Computer" means an electronic, magnetic, optical, electrochemical\nor other high-speed data processing device performing a logical,\narithmetic or storage function, including a laptop computer and desktop\ncomputer, and includes any cable, cord, or wiring permanently affixed to\nor incorporated into such product, and may include both a computer\ncentral processing unit and a monitor; but such term shall not include\nan automated typewriter or typesetter, a portable hand-held calculator,\na portable digital assistant, server, or other similar device.\n  3. "Computer peripheral" means a monitor; electronic keyboard;\nelectronic mouse or similar pointing device; facsimile machine, document\nscanner, or printer intended for use with a computer; and includes any\ncable, cord, or wiring permanently affixed to or incorporated into any\nsuch product. Computer peripheral shall not include any document scanner\nor printer which weighs one hundred pounds or more.\n  4. "Consumer" means a person located in the state who owns or uses\ncovered electronic equipment, including but not limited to an\nindividual, a business, corporation, limited partnership, not-for-profit\ncorporation, the state, a public corporation, public school, school\ndistrict, private or parochial school or board of cooperative\neducational services or governmental entity, but does not include an\nentity involved in a wholesale transaction between a distributor and\nretailer.\n  5. "Covered electronic equipment" means: a computer; computer\nperipheral; small electronic equipment; small-scale server; cathode ray\ntube; or television, as defined in this section. "Covered electronic\nequipment" does not include any motor vehicle or any part thereof;\ncamera or video camera; portable or stationary radio; household\nappliances such as clothes washers, clothes dryers, refrigerators,\nfreezers, microwave ovens, ovens, ranges or dishwashers; equipment that\nis functionally or physically part of a larger piece of equipment\nintended for use in an industrial, research and development or\ncommercial setting; security or anti-terrorism equipment; monitoring and\ncontrol instrument or system; thermostat; hand-held transceiver;\ntelephone of any type; portable digital assistant or similar device;\ncalculator; global positioning system (GPS) receiver or similar\nnavigation device; a server other than a small-scale server; a cash\nregister or retail self checkout system; a stand-alone storage product\nintended for use in industrial, research and development or commercial\nsettings; commercial medical equipment that contains within it a cathode\nray tube, a flat panel display or similar video display device, and is\nnot separate from the larger piece of equipment; or other medical\ndevices as that term is defined under the Federal Food, Drug and\nCosmetic Act.\n  6. "Electronic waste" means covered electronic equipment that has been\ndiscarded or is no longer wanted by its owner, or for any other reason\nenters the waste collection, recovery, treatment, processing, or\nrecycling system. For purposes of section 27-2611 of this title,\n"electronic waste" does not include the case, shell, or other enclosure\nof covered electronic equipment from which incorporated assemblies,\nsub-assemblies, components, materials, wiring, circuitry and commodities\nhave been removed.\n  7. "Electronic waste collection site" means a facility at a fixed or\ntemporary site at which electronic waste is accepted from consumers and\ntemporarily stored for more than five days in a calendar year before\nsuch waste is transported to an electronic waste consolidation facility\nor electronic waste recycling facility. Electronic waste collection\nsites include, but are not limited to, dedicated sites and facilities\nfor the acceptance of electronic waste, and retail stores and outlets,\nmunicipal or private electronic waste collection sites and\nnot-for-profit donation sites that have agreed to accept electronic\nwaste.\n  8. "Electronic waste consolidation facility" means a facility that\nreceives and stores electronic waste for the purpose of organizing,\ncategorizing or consolidating items of electronic waste before such\nwaste is transported to an electronic waste recycling facility.\nElectronic waste consolidation facilities include, but are not limited\nto, facilities of brokers acting as intermediaries between electronic\nwaste buyers and sellers, and regional centers at which electronic waste\nis organized, categorized or consolidated after being transported to\nsuch centers from electronic waste collection sites or other electronic\nwaste consolidation facilities.\n  9. "Electronic waste recycling facility" means a facility at which\nelectronic waste is recycled.\n  10. "Label" means a marker on the surface of covered electronic\nequipment conveying information; for the purposes of this title, labels\nmust be permanent and can be attached, printed, engraved or incorporated\nin any other permanent way that is obvious and visible to users of the\nproduct.\n  11. "Manufacturer" means a person who: (a) assembles or substantially\nassembles covered electronic equipment for sale in the state; (b)\nmanufactures covered electronic equipment under its own brand name or\nunder any other brand name for sale in the state; (c) sells, under its\nown brand name, covered electronic equipment sold in the state; (d) owns\na brand name that it licenses to another person for use on covered\nelectronic equipment sold in the state; (e) imports covered electronic\nequipment for sale in the state; or (f) manufactures covered electronic\nequipment for sale in the state without affixing a brand name.\n"Manufacturer" does not mean a person who assembles or substantially\nassembles, and sells less than one thousand units of covered electronic\nequipment annually in this state, or whose primary business is the sale\nof covered electronic equipment which is comprised primarily of rebuilt,\nrefurbished or used components. If more than one person is a\nmanufacturer of a brand of covered electronic equipment, any such person\nmay assume responsibility for obligations of a manufacturer of that\nbrand under this title. If none of those persons assumes responsibility\nfor the obligations of a manufacturer under this title, any and all such\npersons jointly and severally may be considered to be the responsible\nmanufacturer of that brand for purposes of this title.\n  12. "Manufacturer's brands" means a manufacturer's name, brand name or\nbrand label, and all manufacturer's names, brand names and brand labels\nfor which the manufacturer has a legal right or interest, including\nthose names, brand names, and brand labels of companies that have been\nacquired by the manufacturer or in which the manufacturer asserts a\nlegal interest such as trademark, license, service mark, or patent.\n  13. "Monitor" means a separate visual display component of a computer,\nwhether sold separately or together with a computer central processing\nunit, and includes a cathode ray tube, liquid crystal display, gas\nplasma, digital light processing or other image projection technology,\ngreater than four inches when measured diagonally, and its case,\ninterior wires and circuitry, and any cable cord or wiring permanently\naffixed thereto or incorporated into such product.\n  14. "Person" means any individual, business entity, partnership,\ncompany, corporation, not-for-profit corporation, association,\ngovernmental entity, public benefit corporation, public authority, firm,\norganization, or any other group of individuals, or any officer or\nemployee or agent thereof.\n  15. "Recycle" means to separate, dismantle or process the materials,\ncomponents or commodities contained in electronic waste for the purpose\nof preparing the materials, components or commodities for use or reuse\nin new products or components thereof, but not for energy recovery or\nenergy generation by means of combustion, gasification, pyrolysis or\nother means. Recycling includes the manual and mechanical separation of\nelectronic waste to recover materials, components or commodities\ncontained therein for the purpose of reuse or recycling, and changing\nthe physical or chemical composition of electronic waste to segregate\ncomponents for purposes of recycling those components.\n  16. "Retailer" means a person who sells covered electronic equipment\nto a person in the state through any means, including, but not limited\nto, transactions conducted through retail sales outlets, mail, catalogs,\nthe telephone or the internet, or any electronic means. "Retailer" does\nnot include a person who sells or offers for sale fewer than ten items\nof covered electronic equipment during a calendar year.\n  17. "Reuse" means the use of electronic waste that is tested and\ncertified to be in good working order and which was removed from the\nwaste stream for use for the same purpose for which it was manufactured,\nincluding the continued use of whole systems or components.\n  18. "Sell" or "sale" means any transfer for consideration of title or\nthe right to use, from a manufacturer or retailer to a person,\nincluding, but not limited to, transactions conducted through retail\nsales outlets, catalogs, mail, the telephone, the internet, or any\nelectronic means; this includes transfer of new products or used\nproducts that may have been refurbished by their manufacturer or\nmanufacturer-approved party and that are offered for sale by a\nmanufacturer or retailer, but does not include consumer-to-consumer\nsecond-hand transfer. "Sell or sale" does not include: (a) the transfer\nof used covered electronic equipment or a lease of covered electronic\nequipment; or (b) wholesale transactions among a manufacturer,\nwholesaler and retailer.\n  19. "Small electronic equipment" means any portable digital music\nplayer that has memory capability and is battery-powered, video cassette\nrecorder, a digital video disc player, digital video recorder, digital\nconverter box, cable or satellite receiver, or electronic or video game\nconsole, and includes any cable, cord, or wiring permanently affixed to\nor incorporated into any such product.\n  20. "Small-scale server" means a computer that typically uses desktop\ncomponents in a desktop form factor, but is designed primarily to be a\nstorage host for other computers. To be considered a small-scale server,\na computer must have the following characteristics: designed in a\npedestal, tower, or other form factor similar to those of desktop\ncomputers such that all data processing, storage, and network\ninterfacing is contained within one box or product; intended to be\noperational twenty-four hours per day and seven days a week, and\nunscheduled downtime is extremely low, such as on the order of hours per\nyear; is capable of operating in a simultaneous multi-user environment\nserving several users through networked client units; and designed for\nan industry accepted operating system for home or low-end server\napplications.\n  21. "Television" means a display system containing a cathode ray tube\nor any other type of display primarily intended to receive video\nprogramming via broadcast, cable or satellite transmission, having a\nviewable area greater than four inches when measured diagonally.\n
N.Y. GMU Law § 595 — New York Code / Act GMU / Article 15-B / Title 26 / Section 595
Lockport urban renewal agency
Status: in_force

§ 595. Lockport urban renewal agency.  An urban renewal agency, to be\nknown as the Lockport urban renewal agency, is hereby established for\nthe accomplishment of any or all of the purposes specified in articles\nfifteen and fifteen-A of this chapter and in accordance with article\neighteen of the constitution of the state of New York. It shall\nconstitute a body corporate and politic, and be perpetual in duration\nand consist of seven members, including the mayor. Four of the members\nshall be appointed by the mayor from the common council with the\nconcurring approval of the common council. Two of the members shall not\nbe members of the common council, and they shall be appointed by the\nmayor, with the concurring approval of the common council. It shall have\nthe power and duties now or hereafter conferred by article fifteen-A of\nthis chapter upon municipal renewal agencies. It shall be organized in\nthe manner prescribed by and be subject to the provisions of article\nfifteen-A of this chapter and the agency, its members, officers and\nemployees and its operations and activities shall in all respects be\ngoverned by the provisions of such article.\n
N.Y. PBA Law § 2531 — New York Code / Act PBA / Article 8 / Title 26 / Section 2531
Definitions
Status: in_force

§ 2531. Definitions. For the purposes of this title:\n  1. "City" means the city of New York.\n  2. "Director of management and budget" means the director of\nmanagement and budget of the city of New York.\n  3. "Corporation" means the New York city stabilization reserve\ncorporation as created by this title.\n  4. "Mayor" means the mayor of the city of New York.\n  5. "Comptroller" means the comptroller of the city of New York.\n  6. "State" means the state of New York.\n  7. "Bonds" and "notes" means revenue bonds and notes respectively,\nissued by the corporation pursuant to this title.\n  8. "Revenues" means all aid, rents, fees, charges, payments and other\nincome and receipts paid or payable to the corporation or a trustee for\nthe account of the corporation, including any payment required to be\nmade to the corporation by this title.\n  9. "Operating expenses" means all expenses incurred by the corporation\nin the administration of the corporation including but not limited to\nsalaries, administrative expenses, insurance premiums, auditing and\nlegal expenses and fees and expenses incurred for professional\nconsultants and fiduciaires.\n  10. "Capital reserve fund requirement" means as of any particular date\nof computation, an amount of money equal to the amount required, for the\nthen current fiscal year of the corporation, to pay interest during such\nfiscal year on all bonds of the corporation outstanding on said date of\ncomputation, the principal amount of all bonds of the corporation\noutstanding on said date of computation which matures during such fiscal\nyear and the amount of sinking fund payments payable during such fiscal\nyear with respect to any bonds of the corporation outstanding on said\ndate of computation.\n  11. "Sinking fund payment" means the amount of money specified in the\nresolution authorizing bonds as payable into a sinking fund during a\nparticular fiscal year for the retirement of term bonds which mature\nafter such fiscal year, but shall not include any amount payable by\nreason only of the maturity of the bond.\n
N.Y. ENV Law § 27-2613 — New York Code / Act ENV / Article 27 / Title 26 / Section 27-2613
Electronic waste collection, consolidation and recycling
Status: in_force

§ 27-2613. Electronic waste collection, consolidation and recycling.\n  1. Electronic waste collection sites. No later than January first, two\nthousand eleven, each person who owns or operates an electronic waste\ncollection site in the state shall:\n  (a) register with the department on a form prescribed by the\ndepartment.  The department may require such form to be filed\nelectronically. The registration shall include: (i) the name, address,\nand telephone number of the owners and the operators of the electronic\nwaste collection site; and (ii) the name, address, and telephone number\nof the electronic waste collection site. Any person who commences the\noperation of an electronic waste collection site on or after January\nfirst, two thousand eleven shall register with the department at least\nthirty days prior to receiving any electronic waste at such collection\nsite. A registration is effective upon acceptance by the department. In\nthe case of collection sites operated by a retailer, a single\nregistration listing the name, address, and telephone number of the\nindividual collection sites may be submitted covering all their\ncollection sites;\n  (b) beginning March first, two thousand twelve, each person operating\nan electronic waste collection site shall submit to the department an\nannual report for the period of April first, two thousand eleven through\nDecember thirty-first, two thousand eleven and each calendar year\nthereafter, on a form prescribed by the department. The department may\nrequire annual reports to be filed electronically. Annual reports shall\ninclude, but not be limited to, the following information: (i) the\nquantity, by weight, of electronic waste received from consumers in the\nstate; (ii) the name and address of each person to whom the electronic\nwaste collection site sent electronic waste during the reporting period,\nalong with the quantity, by weight, of electronic waste that was sent to\neach such person; and (iii) the weight of electronic waste collected on\nbehalf of or pursuant to an agreement with each manufacturer during the\nreporting period. All quantities of electronic waste reported by the\ncollection site must separately include electronic waste generated by\nNew York state consumers and electronic waste received from or shipped\noutside the state;\n  (c) manage electronic waste in a manner that complies with all\napplicable laws, rules and regulations;\n  (d) store electronic waste (i) in a fully enclosed building with a\nroof, floor and walls, or (ii) in a secure container (e.g., package or\nvehicle), that is constructed and maintained to minimize breakage of\nelectronic waste and to prevent releases of hazardous materials to the\nenvironment;\n  (e) remove electronic waste from the site within one year of the\nwaste's receipt at the site, and maintain records demonstrating\ncompliance with this requirement.\n  2. Electronic waste consolidation facilities. (a) No later than\nJanuary first, two thousand eleven, each person who operates an\nelectronic waste consolidation facility in the state shall register with\nthe department on a form prescribed by the department. The department\nmay require such form to be filed electronically. The registration shall\ninclude: (i) the name, address and telephone number of the owner and the\noperator of the facility; and (ii) the name, address and telephone\nnumber of the electronic waste consolidation facility. Any person who\ncommences the operation of an electronic waste consolidation facility on\nor after January first, two thousand eleven shall register with the\ndepartment at least thirty days prior to receiving any electronic waste.\nA registration is effective upon acceptance by the department. Any\nregistration required by this paragraph shall be accompanied by a\nregistration fee of two hundred fifty dollars.\n  (b) Beginning March first, two thousand twelve, each person operating\nan electronic waste consolidation facility shall submit to the\ndepartment an annual report for the period of April first, two thousand\neleven through December thirty-first, two thousand eleven and each\ncalendar year thereafter, on a form prescribed by the department. The\ndepartment may require annual reports to be filed electronically. Annual\nreports shall include, but not be limited to, the following information:\n(i) the name and address of each electronic waste collection site from\nwhich the consolidation facility received electronic waste during the\nreporting period, along with the quantity, by weight, of electronic\nwaste received from each collection site; (ii) the name and address of\neach person to whom the electronic waste consolidation facility sent\nelectronic waste during the reporting period, along with the quantity,\nby weight, of electronic waste that was sent to each such person; (iii)\nthe weight of electronic waste collected on behalf of or pursuant to an\nagreement with each manufacturer during the reporting period; and (iv) a\ncertification by the owner or operator of the electronic waste\nconsolidation facility that such a facility has complied with the\nrequirements of this title and all other applicable laws, rules, and\nregulations. All quantities of electronic waste reported by the\nconsolidation facility must separately include electronic waste\ngenerated by New York state consumers and electronic waste received from\nor shipped outside the state.\n  (c) Each person operating an electronic waste consolidation facility\nshall:\n  (i) manage electronic waste in a manner that complies with all\napplicable laws, rules and regulations;\n  (ii) store electronic waste (A) in a fully enclosed building with a\nroof, floor and walls, or (B) in a secure container (e.g., package or\nvehicle), that is constructed and maintained to minimize breakage of\nelectronic waste and to prevent releases of hazardous materials to the\nenvironment;\n  (iii) have a means to control entry, at all times, to the active\nportion of the facility;\n  (iv) inform all employees who handle or have responsibility for\nmanaging electronic waste about the proper handling and emergency\nprocedures appropriate to the type or types of electronic waste handled\nat the facility;\n  (v) remove electronic waste from the site within one year of the\nwaste's receipt at the site, and maintain records demonstrating\ncompliance with this requirement; and\n  (vi) maintain the records required by paragraphs (a) and (b) of this\nsubdivision and by subparagraph (v) of this paragraph on site and make\nthem available for audit and inspection by the department for a period\nof three years.\n  (d) A person operating an electronic waste consolidation facility\nshall not engage in electronic waste recycling unless such person is\nalso registered as an electronic waste recycling facility, and complies\nwith the requirements of this section that are applicable to each type\nof facility.\n  (e) A person operating an electronic waste consolidation facility may\naccept electronic waste in the same manner as an electronic waste\ncollection site provided that such person complies with the requirements\nof this section that are applicable to electronic waste collection\nsites.\n  3. Electronic waste recycling facilities. (a) No later than January\nfirst, two thousand eleven, each person operating an electronic waste\nrecycling facility in the state shall register with the department on a\nform prescribed by the department. The department may require such form\nto be filed electronically. The registration shall include: (i) the\nname, address and telephone number of the owner and the operator of the\nfacility; and (ii) the name, address, and telephone number of the\nelectronic waste recycling facility. Any person who commences the\noperation of an electronic waste recycling facility on or after January\nfirst, two thousand eleven shall register with the department at least\nthirty days prior to receiving any electronic waste. A registration is\neffective upon acceptance by the department. Any registration required\nby this paragraph shall be accompanied by a registration fee of two\nhundred fifty dollars.\n  (b) Beginning March first, two thousand twelve, each person operating\nan electronic waste recycling facility shall submit to the department an\nannual report for the period of April first, two thousand eleven through\nDecember thirty-first, two thousand eleven and each calendar year\nthereafter, on a form prescribed by the department. The department may\nrequire annual reports to be filed electronically. Annual reports shall\ninclude, but not be limited to, the following information: (i) the\nquantity, by weight, of electronic waste received from consumers in the\nstate; (ii) the name and address of each electronic waste collection\nsite and electronic waste consolidation facility from which electronic\nwaste was received during the reporting period, along with the quantity,\nby weight, of electronic waste received from each person; (iii) the name\nand address of each person to whom the facility sent electronic waste or\ncomponent materials during the reporting period, along with the\nquantity, by weight, of electronic waste or component materials thereof\nsent to each such person; (iv) the weight of electronic waste collected\non behalf of or pursuant to an agreement with each manufacturer during\nthe reporting period; and (v) a certification by the owner or operator\nof the facility that such facility has complied with the requirements of\nthis title and all other applicable laws, rules, and regulations. All\nquantities of electronic waste reported by the recycling facility must\nseparately include electronic waste generated by New York state\nconsumers and electronic waste received from or shipped outside the\nstate.\n  (c) Each person operating an electronic waste recycling facility\nshall:\n  (i) manage and recycle electronic waste in a manner that complies with\nall applicable laws, rules and regulations;\n  (ii) store electronic waste (A) in a fully enclosed building with a\nroof, floor and walls, or (B) in a secure container (e.g., package or\nvehicle), that is constructed and maintained to minimize breakage of\nelectronic waste and to prevent releases of hazardous materials to the\nenvironment;\n  (iii) have a means to control entry, at all times, through gates or\nother entrances to the active portion of the facility;\n  (iv) inform all employees who handle or have responsibility for\nmanaging electronic waste about proper handling and emergency procedures\nappropriate to the type or types of electronic waste handled at the\nfacility;\n  (v) remove electronic waste from the site within one year of the\nwaste's receipt at the site, and maintain records demonstrating\ncompliance with this requirement; and\n  (vi) maintain the records required by paragraphs (a) and (b) of this\nsubdivision and by subparagraph (v) of this paragraph on site and make\nthem available for audit and inspection by the department for a period\nof three years.\n  (d) A person operating an electronic waste recycling facility may also\noperate such facility as an electronic waste consolidation facility\nprovided that such person complies with the requirements of this section\nthat are applicable to each type of facility. Where a facility is\noperated for both purposes, only one registration fee must be paid.\n  (e) A person operating an electronic waste recycling facility may\naccept electronic waste in the same manner as an electronic waste\ncollection site provided that such person complies with the requirements\nof this section that are applicable to electronic waste collection\nsites.\n  4. Except to the extent otherwise required by law, no manufacturer or\nperson operating an electronic waste collection site, electronic waste\nconsolidation facility or electronic waste recycling facility shall have\nany responsibility or liability for any data in any form stored on\nelectronic waste surrendered for recycling or reuse, unless such person\nmisuses or knowingly and intentionally, or with gross negligence,\ndiscloses the data. This provision shall not prohibit any such person\nfrom entering into agreements that provide for the destruction of data\non covered electronic equipment.\n
N.Y. PBA Law § 2534 — New York Code / Act PBA / Article 8 / Title 26 / Section 2534
Administration of the corporation
Status: in_force

§ 2534. Administration of the corporation. (1) The corporation shall\nbe administered by three directors, one of whom shall be the director of\nmanagement and budget. The remaining two directors shall be appointed by\nthe mayor, no more than one of whom may be a city official. Directors\nwho are not city officials shall serve for a term expiring at the end of\nthe term actually served by the officer making the appointment and may\nbe removed for cause by the mayor after hearing on ten days notice.\n  (2) The mayor shall designate a chairman and a vice-chairman from\namong the directors. The chairman shall preside over all meetings of the\ndirectors and shall have such other duties as the directors or the\ncorporation may direct. The vice-chairman shall preside over all\nmeetings of the directors in the absence of the chairman and shall have\nsuch other duties as the directors of the corporation may prescribe.\n  (3) The directors of the corporation shall serve without salary, but\neach director shall be reimbursed for actual and necessary expenses\nincurred in the performance of his official duties as a director of the\ncorporation. The directors of the corporation may engage in private\nemployment or in a profession or business (if not otherwise prohibited\nfrom so doing by virtue of any other public office), subject to the\nlimitations contained in sections seventy-three and seventy-four of the\npublic officers law. The corporation shall, for the purpose of such\nsections, be a "state agency" and the directors thereof shall be\n"officers" of the agency for the purpose of said sections.\n  (4) Notwithstanding any inconsistent provisions of law, general,\nspecial or local, no officer or employee of the state of New York, any\ncity, county, town or village, any other political or civil division of\nthe state, any municipality, any governmental entity operating any\npublic school or college, any school district or any other public agency\nor instrumentality or unit of government which exercises governmental\npowers under the laws of the state, shall forfeit his office or\nemployment by reason of his acceptance of appointment as a director,\nofficer or agent of the corporation nor shall service as such director,\nofficer or agent of the corporation be deemed incompatible or in\nconflict with such office or employment.\n  (5) A majority of the whole number of directors then in office shall\nconstitute a quorum for the transaction of any business or the exercise\nof any power of the corporation. Except as otherwise specified in this\ntitle, for the transaction of any business or the exercise of any power\nof the corporation, the corporation shall have power to act by a\nmajority of the directors present at any meeting at which a quorum is in\nattendance. The corporation may delegate to one or more of its\ndirectors, or officers, agents and employees, such powers and duties as\nthe directors may deem proper.\n  (6) The corporation may appoint officers, employees and agents as it\nmay require and prescribe their duties and fix their compensation.\n  (7) On or before November fifteenth of each year, the corporation\nshall submit a financial statement to the mayor, the state comptroller\nand the city comptroller, the state director of the budget and the city\ndirector of the budget, and to the city board of estimate and the city\ncouncil.\n
N.Y. ENV Law § 27-2611 — New York Code / Act ENV / Article 27 / Title 26 / Section 27-2611
Disposal ban
Status: in_force

§ 27-2611. Disposal ban.\n  1. Beginning April first, two thousand eleven, no manufacturer,\nretailer, or owner or operator of an electronic waste collection site,\nelectronic waste consolidation facility or electronic waste recycling\nfacility in the state shall dispose of electronic waste at a solid waste\nmanagement facility or hazardous waste management facility, or place\nelectronic waste for collection which is intended for disposal at a\nsolid waste management facility or hazardous waste management facility.\n  2. Beginning January first, two thousand twelve, no person except for\nan individual or household shall place or dispose of any electronic\nwaste in any solid waste management facility, or place electronic waste\nfor collection which is intended for disposal at a solid waste\nmanagement facility or hazardous waste management facility in this\nstate. Persons engaged in the collection of solid waste for delivery to\na solid waste management facility shall provide written information to\nusers of such facility on the proper methods for the recycling of\nelectronic waste.\n  3. Beginning January first, two thousand fifteen, no individual or\nhousehold shall place or dispose of any electronic waste in any solid\nwaste management facility, or place electronic waste for collection\nwhich is intended for disposal at a solid waste management facility or\nhazardous waste management facility in this state.\n  4. Beginning January first, two thousand twelve, an owner or operator\nof a solid waste management facility or hazardous waste management\nfacility shall educate users of such facility on the proper methods for\nthe management of electronic waste. Such education shall include:\n  (a) providing written information to users of such facility on the\nproper methods for recycling of electronic waste; and\n  (b) posting, in conspicuous locations at such facility, signs stating\nthat electronic waste may not be disposed of at the facility.\n
N.Y. PBA Law § 2536 — New York Code / Act PBA / Article 8 / Title 26 / Section 2536
Notes and bonds of the corporation
Status: in_force

§ 2536. Notes and bonds of the corporation. 1. (a) The corporation\nshall have power and is hereby authorized from time to time to issue its\nnegotiable notes and bonds in conformity with applicable provisions of\nthe uniform commercial code in such principal amount, as the corporation\nshall determine to be necessary, to provide sufficient funds for\nachieving its corporate purposes, including the making of payments to\nthe city, the payment of interest on notes and bonds of the corporation,\nthe establishment of reserves to secure such notes and bonds, and the\npayment of all operating expenses of the corporation and all other\nexpenditures of the corporation incidental to or necessary or convenient\nto carry out its corporate purposes and powers.\n  (b) The corporation shall have the power, from time to time, to issue\n(i) notes to renew notes and (ii) bonds to pay notes, including the\ninterest thereon and, whenever it deems refunding expedient, to refund\nany bonds by the issuance of new bonds, whether the bonds to be refunded\nhave or have not matured, and to issue bonds partly to refund bonds then\noutstanding and partly for any of its other corporate purposes. The\nrefunding bonds may be exchanged for the bonds to be refunded or sold\nand the proceeds applied to the purchase, redemption or payment of such\nbonds.\n  (c) Except as may otherwise be expressly provided by the corporation,\nevery issue of its notes and bonds shall be general obligations of the\ncorporation payable out of any revenues of the corporation, subject only\nto any agreements with the holders of particular notes or bonds pledging\nany particular revenues.\n  (d) The notes and bonds shall be authorized by resolution of the\ncorporation, shall bear such date and shall mature at such time as such\nresolution may provide, except that no note or bond or the renewal or\nrefunding thereof shall mature more than ten years from the date of the\noriginal issue of such note or bond. The bonds may be issued as serial\nbonds or as term bonds or as a combination thereof. Provision for the\npayment of principal of and interest on bonds shall be made in not more\nthan ten approximately equal annual installments or in not more than\ntwenty approximately equal semi-annual installments. The notes and bonds\nshall bear interest at such rate and shall be in such denomination, be\nin such form, either coupon or registered, carry such registration\nprivileges, be executed in such manner, be payable in such medium of\npayment, at such place and be subject to such terms of redemption as\nsuch resolution may provide. The notes and bonds may be sold by the\ncorporation at public or private sale, at such price as the corporation\nshall determine.\n  2. Any resolution authorizing any notes or bonds or any issue thereof\nmay contain provisions, which shall be a part of the contract with the\nholders thereof, as to:\n  (a) pledging all or any part of the revenues to secure the payment of\nthe notes or bonds or of any issue thereof, subject to such agreements\nwith noteholders or bondholders as may then exist;\n  (b) pledging all or any part of the assets of the corporation to\nsecure the payment of the notes or bonds or of any issue of notes or\nbonds, subject to such agreements with noteholders or bondholders as may\nthen exist;\n  (c) the setting aside of reserves or sinking funds and the regulation\nand disposition thereof;\n  (d) limitations on the purpose to which the proceeds of sale of notes\nor bonds may be applied and pledging such proceeds to secure the payment\nof the notes or bonds or of any issue thereof;\n  (e) limitations on the issuance of additional notes or bonds; the\nterms upon which additional notes or bonds may be issued and secured;\nand the refunding of outstanding or other notes or bonds;\n  (f) the procedure, if any, by which the terms of any contract with\nnoteholders or bondholders may be amended or abrogated, the amount of\nnotes or bonds the holders of which must consent thereto, and the manner\nin which such consent may be given;\n  (g) limitations on the amount of moneys to be expended by the\ncorporation for operating expenses of the corporation;\n  (h) vesting in a trustee such property, rights, powers and duties in\ntrust as the corporation may determine, which may include any or all of\nthe rights, powers and duties of the trustee appointed by the\nbondholders pursuant to this title, and limiting or abrogating the right\nof the bondholders to appoint a trustee under this title or limiting the\nrights, powers and duties of such trustee;\n  (i) the acts or omissions to act which shall constitute a default in\nthe obligations and duties of the corporation to the holders of the\nnotes or bonds and providing for the rights and remedies of the holders\nof the notes or bonds in event of such default, including the right to\nappointment of a receiver; providing, however, that such rights and\nremedies shall not be inconsistent with the general laws of the state\nand the other provisions of this title;\n  (j) any other matters, of like or different character, which in any\nway affect the security or protection of the holders of the notes or\nbonds.\n  3. Any pledge made by the corporation shall be valid and binding from\nthe time when the pledge is made. The revenues or property so pledged\nand thereafter received by the corporation shall immediately be subject\nto the lien of such pledge without any physical delivery thereof or\nfurther act, and the lien of any such pledge shall be valid and binding\nas against all parties having claims of any kind in tort, contract or\notherwise against the corporation, irrespective of whether such parties\nhave notice thereof. Neither the resolution nor any other instrument by\nwhich a pledge is created need be recorded or filed to protect such\npledge except in the office of the corporation.\n  4. Neither the directors of the corporation nor any other person\nexecuting the notes or bonds of the corporation shall be subject to any\npersonal liability or accountability by reason of the issuance thereof.\n  5. The corporation, subject to such agreements with noteholders or\nbondholders as may then exist, shall have power out of any funds\navailable therefor, to purchase notes or bonds of the corporation, which\nshall thereupon be cancelled, at a price not exceeding:\n  (a) if the notes or bonds are then redeemable, the redemption price\nthen applicable.\n  (b) if the notes or bonds are not then redeemable, the redemption\nprice applicable on the first date after such purchase upon which the\nnotes or bonds becme subject to redemption.\n  6. In the discretion of the directors of the corporation, the bonds\nmay be secured by a trust indenture by and between the corporation and a\ncorporate trustee, which may be any trust company or bank having the\npowers of a trust company in the state. Such trust indenture may contain\nsuch provisions for protecting and enforcing the rights and remedies of\nthe bondholders as may be reasonable and proper and not in violation of\nlaw, including covenants setting forth the duties of the corporation in\nrelation to the exercise of its corporate powers and the custody,\nsafeguarding and application of all moneys. The Corporation may provide\nby such trust indenture for the payment of the proceeds of the bonds and\nthe revenues to the trustee under such trust indenture or other\ndepository, and for the method of disbursement thereof, with such\nsafeguards and restrictions as it may determine. All expenses incurred\nin carrying out such trust indenture may be treated as a part of the\noperating expenses of the corporation. If the bonds shall be secured by\na trust indenture, the bondholders shall have no authority to appoint a\nseparate trustee to represent them.\n  7. Whether or not the notes and bonds are of such form and character\nas to be negotiable instruments under the terms of the uniform\ncommercial code, the notes and bonds are hereby made negotiable\ninstruments within the meaning of and for all the purposes of the\nuniform commercial code, subject only to the provisions of the notes and\nbonds for registration.\n  8. The corporation shall not issue any bonds or notes if such issue\nwould bring the aggregate amount of indebtedness evidenced by bonds or\nnotes of the corporation issued pursuant to this title to an amount\nexceeding five hundred twenty million dollars. In calculating the amount\nof indebtedness issued by the corporation pursuant to this title, there\nshall be excluded the amount of indebtedness to be refunded or renewed\nfrom the proceeds from the sale of, or to be exchanged for, new\nobligations.\n
N.Y. ENV Law § 27-2603 — New York Code / Act ENV / Article 27 / Title 26 / Section 27-2603
Manufacturer collection; recycling surcharge
Status: in_force

§ 27-2603. Manufacturer collection; recycling surcharge.\n  1. (a) Beginning April first, two thousand eleven, a manufacturer of\ncovered electronic equipment must accept for collection, handling and\nrecycling or reuse electronic waste for which it is the manufacturer.\nSuch waste shall count toward the amount of electronic waste required to\nbe accepted pursuant to subdivision four of this section.\n  (b) Beginning April first, two thousand eleven, a manufacturer of\ncovered electronic equipment must accept for collection, handling and\nrecycling or reuse one piece of electronic waste of any manufacturer's\nbrand if offered by a consumer with the purchase of covered electronic\nequipment of the same type by a consumer. Such waste shall count toward\nthe amount of the electronic waste required to be accepted pursuant to\nsubdivision four of this section.\n  2. Beginning April first, two thousand eleven, each manufacturer must\naccept for collection, handling and recycling or reuse the\nmanufacturer's acceptance standard as specified in subdivision four of\nthis section.\n  3. Statewide recycling or reuse goal. (a) For the period from April\nfirst, two thousand eleven through December thirty-first, two thousand\neleven, the statewide recycling or reuse goal for electronic waste shall\nbe the product of the latest population estimate for the state, as\npublished by the U.S. Census bureau multiplied by three pounds\nmultiplied by three-quarters.\n  (b) For calendar year two thousand twelve, the statewide recycling or\nreuse goal for all electronic waste shall be the product of the latest\npopulation estimate for the state, as published by the U.S. Census\nbureau multiplied by four pounds.\n  (c) For calendar year two thousand thirteen, the statewide recycling\nor reuse goal for all electronic waste shall be the product of the\nlatest population estimate for the state, as published by the U.S.\nCensus bureau multiplied by five pounds.\n  (d) For calendar year two thousand fourteen and annually thereafter,\nthe statewide recycling or reuse goal for all electronic waste is the\nproduct of the base weight multiplied by the goal attainment percentage.\nFor the purposes of this paragraph, "base weight" means the greater of:\n(i) the average weight of all electronic waste collected for recycling\nor reuse during the previous three calendar years as reported to the\ndepartment pursuant to paragraph (b) of subdivision one of section\n27-2617 of this title; or (ii) the three year average of the sum of all\nelectronic waste collected for recycling or reuse during the previous\nthree calendar years based on information reported to the department\npursuant to paragraph (b) of subdivision one, paragraph (b) of\nsubdivision two and paragraph (b) of subdivision three of section\n27-2613 of this title.\n  (e) The "goal attainment percentage" means:\n  (i) ninety percent if the base weight is less than ninety percent of\nthe statewide recycling or reuse goal for the previous calendar year;\n  (ii) ninety-five percent if the base weight is ninety percent or\ngreater, but does not exceed ninety-five percent of the statewide\nrecycling or reuse goal for the previous calendar year;\n  (iii) one hundred percent if the base weight is ninety-five percent or\ngreater, but does not exceed one hundred five percent of the statewide\nrecycling or reuse goal for the previous calendar year;\n  (iv) one hundred five percent if the base weight is one hundred five\npercent or greater, but does not exceed one hundred ten percent of the\nstatewide recycling or reuse goal for the previous calendar year; and\n  (v) one hundred ten percent if the base weight is one hundred ten\npercent or greater of the statewide recycling or reuse goal for the\nprevious calendar year.\n  4. Manufacturer acceptance standard. (a) For the period April first,\ntwo thousand eleven through December thirty-first, two thousand eleven\nand annually thereafter, each manufacturer's acceptance standard is the\nproduct of the statewide recycling or reuse goal under paragraph (a),\n(b), (c) or (d) of subdivision three of this section, as appropriate,\nmultiplied by that manufacturer's market share pursuant to paragraph (b)\nof this subdivision.\n  (b) Each manufacturer's market share of electronic waste shall be\ndetermined by the department based on the manufacturer's percentage\nshare of the total weight of covered electronic equipment sold as\ndetermined by the best available information, including, but not limited\nto, state sales data reported by weight. Beginning April first, two\nthousand eleven, and every calendar year thereafter, the department\nshall provide each manufacturer with a determination of its market share\nof electronic waste which shall be the quotient of the total weight of\nthe manufacturer's covered electronic equipment sold to persons in this\nstate based on the average annual retail sales during the preceding\nthree calendar years, as reported under sections 27-2605 and 27-2617 of\nthis title divided by the total weight of all manufacturers covered\nelectronic equipment sold to persons in this state based on the average\nannual retail sales during the preceding three calendar years, as\nreported under sections 27-2605 and 27-2617 of this title.\n  5. In the absence of a waiver by the department pursuant to\nsubdivision three of section 27-2615 of this title, beginning in\ncalendar year two thousand thirteen, a manufacturer that fails to meet\nits manufacturer's acceptance standard for the previous calendar year as\nrequired by subdivision four of this section shall be subject to a\nrecycling surcharge, determined as follows:\n  (a) If a manufacturer accepts at least ninety percent but less than\none hundred percent of its manufacturer's acceptance standard as\nrequired by subdivision four of this section, the surcharge shall be\nthirty cents multiplied by the number of additional pounds of electronic\nwaste that should have been accepted by such manufacturer.\n  (b) If a manufacturer accepts at least fifty percent but less than\nninety percent of its manufacturer's acceptance standard as required by\nsubdivision four of this section, the surcharge shall be forty cents\nmultiplied by the number of additional pounds of electronic waste that\nshould have been accepted by such manufacturer.\n  (c) If a manufacturer accepts less than fifty percent of its\nmanufacturer's acceptance standard as required by subdivision four of\nthis section, the surcharge shall be fifty cents multiplied by the\nnumber of additional pounds of electronic waste that should have been\naccepted by such manufacturer.\n  6. The recycling surcharge shall be paid to the department with the\nannual report required pursuant to section 27-2617 of this title.\n  7. Beginning with calendar year two thousand fourteen, if a\nmanufacturer accepts more than its manufacturer's acceptance standard as\nrequired by subdivision four of this section, the excess weight may be\nused as electronic waste acceptance credits and may be sold, traded, or\nbanked for a period no longer than three calendar years succeeding the\nyear in which the credits were earned; provided, however, that no more\nthan twenty-five percent of a manufacturer's obligation for any calendar\nyear may be met with recycling credits generated in a prior calendar\nyear.\n
N.Y. ENV Law § 27-2605 — New York Code / Act ENV / Article 27 / Title 26 / Section 27-2605
Manufacturer electronic waste registration and responsibilities
Status: in_force

§ 27-2605. Manufacturer electronic waste registration and\n             responsibilities.\n  1. A manufacturer shall submit a registration on a form prescribed by\nthe department to the department by January first, two thousand eleven,\nalong with a registration fee of five thousand dollars. The department\nmay require such form to be filed electronically. Such registration\nshall include:\n  (a) the manufacturer's name, address, and telephone number;\n  (b) the name and title of an officer, director, or other individual\ndesignated as the manufacturer's contact for purposes of this title;\n  (c) a list identifying the manufacturer's brands;\n  (d) a general description of the manner in which the manufacturer will\ncomply with section 27-2603 of this title, including specific\ninformation on the manufacturer's electronic waste acceptance program in\nthe state, and a current list of locations within the state where\nconsumers may return electronic waste;\n  (e) sales data reported by weight for the manufacturer's covered\nelectronic equipment sold in this state for the previous three calendar\nyears, categorized by type to the extent known. If the manufacturer\ncannot provide accurate state sales data, it must explain why such data\ncannot be provided, and estimate state sales data by (i) dividing its\nnational sales data by weight by the national population according to\nthe most recent census and multiplying the result by the population of\nthe state, or (ii) another method approved by the department;\n  (f) a statement disclosing whether: (i) any covered electronic device\nsold in this state exceeds the maximum concentration values established\nfor lead, mercury, cadmium, hexavalent chromium, polybrominated\nbiphenyls (PBBs), and polybrominated diphenyl ethers (PBDEs) under the\nrestriction of hazardous substances directive (RoHS) pursuant to\n2002/95/EC of the European Parliament and Council and any amendments\nthereto and if so, a listing of any covered electronic equipment that is\nnot in compliance with such directive; or (ii) the manufacturer has\nreceived an exemption from one or more of those maximum concentration\nvalues under the RoHS directive that has been approved and published by\nthe European Commission; and\n  (g) any other information as the department may require.\n  2. A manufacturer's registration is effective upon acceptance by the\ndepartment and must be updated within thirty days of any material change\nto the information required by subdivision one of this section.\n  3. Any person who becomes a manufacturer on or after January first,\ntwo thousand eleven shall register with the department prior to selling\nor offering for sale in the state any covered electronic equipment, and\nmust comply with the requirements of this title.\n  4. No later than April first, two thousand eleven, a manufacturer\nshall not sell or offer for sale electronic equipment in the state\nunless the manufacturer has registered with the department and maintains\nan electronic waste acceptance program through which the manufacturer,\neither directly or through an agent or designee, accepts electronic\nwaste from consumers in the state for recycling. The manufacturer shall\nensure that retailers are notified of such registration.\n  5. The electronic waste acceptance program shall include, at a\nminimum:\n  (a) collection, handling and recycling or reuse of electronic waste\npursuant to section 27-2603 of this title in a manner convenient to\nconsumers. The following acceptance methods shall be considered\nreasonably convenient: (i) mail or ship back return programs; (ii)\ncollection or acceptance events conducted by the manufacturer or the\nmanufacturer's agent or designee, including events conducted through\nlocal governments or private parties; (iii) fixed acceptance locations\nsuch as dedicated acceptance sites operated by the manufacturer or its\nagent or designee; (iv) agreements with local governments, retail\nstores, sales outlets and not-for-profit organizations which have agreed\nto provide facilities for the collection of electronic waste; (v)\ncommunity collection events; and (vi) any combination of these or other\nacceptance methods which effectively provide for the acceptance of\nelectronic waste for recycling or reuse through means that are available\nand reasonably convenient to consumers in the state. At a minimum, the\nmanufacturer shall ensure that all counties of the state, and all\nmunicipalities which have a population of ten thousand or greater, have\nat least one method of acceptance that is available within such county\nor municipality. The department may establish additional requirements to\nensure convenient collection from consumers;\n  (b) information on how consumers can destroy all data on any\nelectronic waste, either through physical destruction of the hard drive\nor through data wiping;\n  (c) a public education program to inform consumers about the\nmanufacturer's electronic waste acceptance program, including at a\nminimum: (i) an internet website and a toll-free telephone number and\nwritten information included in the product manual for, or at the time\nof sale of, covered electronic equipment that provides sufficient\ninformation to allow a consumer of covered electronic equipment to learn\nhow to return the covered equipment for recycling or reuse, and in the\ncase of manufacturers of computers, hard drives and other covered\nelectronic equipment that have internal memory on which personal or\nother confidential data can be stored, such website shall provide\ninstructions for how consumers can destroy such data before surrendering\nthe products for recycling or reuse; (ii) advertisements and press\nreleases if any; and\n  (d) any other information as required by the department in accordance\nwith regulations promulgated pursuant to this article.\n  6. A manufacturer shall maintain records demonstrating compliance with\nthis title and make them available for audit and inspection by the\ndepartment for a period of three years.\n  7. A manufacturer may satisfy the electronic waste collection\nrequirements of this section by agreeing to participate in a collective\nelectronic waste acceptance program with other manufacturers. Any such\ncollective electronic waste acceptance program must meet the same\nrequirements as an individual manufacturer. Any collective electronic\nwaste acceptance program must include a list of manufacturers that are\nparticipating in such program along with other identifying information\nas may be required by the department. Such program shall submit a\nregistration to the department along with a registration fee of ten\nthousand dollars.\n  8. A manufacturer shall be responsible for all costs associated with\nthe implementation of the electronic waste acceptance program. The\nmanufacturer shall not charge consumers for the collection, handling and\nrecycling and reuse of electronic waste, provided that such prohibition\nshall not apply to a charge on business consumers or to charges for\npremium services. This prohibition shall not apply to a manufacturer's\ncontract with a consumer for the collection, handling, recycling or\nreuse of electronic waste that was entered into prior to the effective\ndate of this section. For purposes of this subdivision, "business\nconsumer" means a for-profit entity which has fifty or more full time\nemployees or a not-for-profit corporation with seventy-five or more full\ntime employees, but not a not-for-profit corporation designated under\nsection 501(c)(3) of the internal revenue code. For purposes of this\nsubdivision, "premium services" means equipment and data security\nservices, refurbishment for reuse by the consumer, and other custom\nservices as may be determined by the department.\n
N.Y. PBG Law § 429 — New York Code / Act PBG / Article 13 / Title 26 / Section 429
Ithaca Housing Authority
Status: in_force

§ 429. Ithaca Housing Authority.  A municipal housing authority, to be\nknown as the Ithaca Housing Authority, is hereby created and established\nfor the city of Ithaca in the county of Tompkins, for the accomplishment\nof any or all of the purposes specified in article eighteen of the\nconstitution of the state of New York. It shall constitute a body\ncorporate and politic, be perpetual in duration and consist of five\nmembers. It shall have all the powers and duties now or hereafter\nconferred by this chapter upon municipal housing authorities. It shall\nbe organized in the manner prescribed by and subject to the provisions\nof this chapter, and the authority, its members, officers and employees\nand its operations and activities shall in all respects be governed by\nthe provisions of this chapter.\n
N.Y. PBA Law § 2539 — New York Code / Act PBA / Article 8 / Title 26 / Section 2539
Resources of the corporation
Status: in_force

§ 2539. Resources of the corporation. (a) Subject to the provisions of\nthis title, the directors of the corporation shall receive, accept,\ninvest, administer, expend and disburse for its corporate purposes all\nmonies for the corporation from whatever sources derived including (1)\npayments by the city or by the state comptroller pursuant to the\nprovisions of sections twenty-five hundred thirty-seven and twenty-five\nhundred forty of this title; and (2) any other payments, gifts, or\nappropriations to the fund from any other source.\n  (b) The monies of the corporation shall be paid to the comptroller as\nagent of the corporation who shall not commingle such monies with any\nother monies. Subject to the provisions of any contract with noteholders\nor bondholders, all corporation monies received by the corporation\nwhich, together with other monies of the corporation available for the\noperating expenses of the corporation including the payment of debt\nservice and payments to the capital reserve fund, exceed the amount\nrequired for such purposes shall be transferred to the city on the\nfifteenth day of February.\n  (c) The monies in any of the corporation's accounts shall be paid out\non checks signed by the comptroller on requisitions of the chairman of\nthe directors of the corporation or of such other officer or employee as\nthe directors shall authorize to make such requisition.\n  (d) The comptroller or his legally authorized representative, from\ntime to time may examine the books and accounts of the corporation,\nincluding its receipts, disbursements, contracts, reserves, investments,\nand any other matters relating to its financial standing. Such an\nexamination shall be conducted by the comptroller at least once every\nfive years; in lieu of such an examination, the comptroller may accept\nfrom the corporation an external examination of the books and accounts\nmade at the request of the directors of the corporation.\n
N.Y. ENV Law § 27-2621 — New York Code / Act ENV / Article 27 / Title 26 / Section 27-2621
Disposition of fees
Status: in_force

§ 27-2621. Disposition of fees.\n  All fees and charges collected pursuant to this title shall be\ndeposited into the environmental protection fund established pursuant to\nsection ninety-two-s of the state finance law.\n
N.Y. ENV Law § 27-2609 — New York Code / Act ENV / Article 27 / Title 26 / Section 27-2609
Labeling
Status: in_force

§ 27-2609. Labeling.\n  Beginning April first, two thousand eleven, a manufacturer may not\noffer for sale in the state or deliver to retailers for subsequent sale\ncovered electronic equipment unless it has a visible, permanent label\nclearly identifying the manufacturer of that equipment.\n
N.Y. ENV Law § 27-2619 — New York Code / Act ENV / Article 27 / Title 26 / Section 27-2619
Preemption
Status: in_force

§ 27-2619. Preemption.\n  Jurisdiction in all matters pertaining to electronic waste recycling,\nincluding but not limited to the obligations of manufacturers,\nretailers, electronic waste collection sites, electronic waste\nconsolidation facilities and electronic waste recycling facilities with\nrespect to electronic waste recycling, is, by this title, vested\nexclusively in the state. Any provision of any local law or ordinance,\nor any rule or regulation promulgated thereto, governing covered\nelectronic equipment and the collection, reuse, or recycling of\nelectronic waste shall upon the effective date of this title be\npreempted.\n
N.Y. PBA Law § 2541 — New York Code / Act PBA / Article 8 / Title 26 / Section 2541
Agreement with the state
Status: in_force

§ 2541. Agreement with the state. The state does hereby pledge to and\nagree with the holders of any notes or bonds issued under this title\nthat the state will not limit or alter the rights hereby vested in the\ncorporation to fulfill the terms of any agreements made with the said\nholders thereof, or in any way impair the rights and remedies of such\nholders until such notes and bonds, together with the interest thereon,\nwith interest on any unpaid installments of interest, and all costs and\nexpenses in connection with any action or proceeding by or on behalf of\nsuch holders, are fully met and discharged. The corporation is\nauthorized to include this pledge and agreement of the state in any\nagreement with the holders of such notes or bonds.\n
N.Y. PBA Law § 2530 — New York Code / Act PBA / Article 8 / Title 26 / Section 2530
Short title
Status: in_force

§ 2530. Short title. This title may be cited as the "New York City\nStabilization Reserve Corporation Act".\n
N.Y. PBA Law § 2535 — New York Code / Act PBA / Article 8 / Title 26 / Section 2535
General powers of the corporation
Status: in_force

§ 2535. General powers of the corporation. The corporation shall have\nthe following powers in addition to those specially conferred elsewhere\nin this title: (1) to sue and be sued; (2) to have a seal and alter the\nsame at pleasure; (3) to make and alter by-laws for its organization and\ninternal management and, subject to agreements with noteholders or\nbondholders, to make rules and regulations governing the use of its\nproperty and facilities; (4) to make and execute contracts, leases,\nsubleases and all other instruments or agreements necessary or\nconvenient for the exercise of its powers and functions under this\ntitle; (5) to purchase real or personal property necessary and\nconvenient for its corporate purposes; to execute and deliver deeds for\nreal property held in its own name; and to sell or otherwise to dispose\nof such real or personal property that, in the judgment of the\ncorporation, is no longer necessary for its corporate purposes; (6) to\nappoint officers, agents and employees, prescribe their duties and\nqualifications and fix their compensation; (7) to commence any action to\nprotect or enforce any right conferred upon it by any law, contract or\nother agreement; (8) subject to other provisions of law, to transfer to\nthe city such sums of money as are not required for other purposes; (9)\nto borrow money and to issue negotiable notes or bonds or other\nobligations and to fund or refund the same, and to provide for the\nrights of the holders of its obligations; (10) subject to the provisions\nof any contract with noteholders or bondholders, to invest any funds\nheld in reserves or sinking funds, or any funds not required for\nimmediate use or disbursement, at the discretion of the corporation, in\nobligations of the city, state or federal government, obligations the\nprincipal of and interest on which are guaranteed by the city, state or\nfederal government, or obligations of agencies of the federal government\nwhich may, from time to time, be legally purchased by savings banks of\nthe state as investments of funds belonging to them or in their control\nand which have been approved by the state comptroller or in secured time\ndeposits or other interest bearing accounts secured by such obligations;\n(11) subject to the provisions of any contract with noteholders or\nbondholders, to purchase notes or bonds of the corporation; (12) to\nprocure insurance against any loss in such amounts and from such\ninsurers as it deems desirable; (13) to engage the services of\nconsultants on a contract basis for rendering professional and technical\nassistance and advice; (14) to contract for and to accept any gifts or\ngrants or loans of funds or property or financial or other aid in any\nform from the federal government or any agency or instrumentality\nthereof, or from any other source and to comply with the terms and\nconditions thereof; (15) as security for the payment of the principal of\nand interest on any bonds so issued and any agreements made in\nconnection therewith, to pledge all or any part of its revenues; (16) to\ndo any and all things necessary or convenient to carry out its purposes\nand exercise the powers expressly given and granted in this title.\n
N.Y. PBA Law § 2551 — New York Code / Act PBA / Article 8 / Title 26 / Section 2551
Bonds or notes legal investments for public authorities
Status: in_force

§ 2551. Bonds or notes legal investments for public authorities.\nBonds and notes of the corporation are hereby declared to be legal\ninvestments for monies of public corporations of the state of New York\nand may be used to secure deposits of monies of such corporations in\nbanks or trust companies authorized to do business in the state of New\nYork.\n
N.Y. PBA Law § 2546 — New York Code / Act PBA / Article 8 / Title 26 / Section 2546
Employees of the corporation
Status: in_force

§ 2546. Employees of the corporation. 1. Notwithstanding any\ninconsistent provisions of this act, the appointment and promotion of\nall employees of and for the corporation shall be made in accordance\nwith the provisions of the civil service law and shall be subject to the\njurisdiction of the city civil service commission and the compensation\nfor such employees shall be fixed by the corporation.\n  2. The city and the corporation shall have the power to provide for\nthe transfer to the corporation of agents, employees and facilities of\nthe city to enable the corporation to fulfill its corporate purposes.\nEmployees of the city to be transferred to the corporation pursuant to\nthis title shall be automatically appointed and transferred to the\ncorporation in the same or equivalent classification and position they\nhold at the time of the transfer. The corporation, its officers and\nemployees, shall be subject to article fourteen of the civil service law\nand for all purposes the corporation shall be deemed "public employer",\nprovided, however, that chapter fifty-four of the New York city charter\nand administrative code of the city of New York and executive orders\nnumber fifty-two, dated September twenty-ninth, nineteen hundred\nsixty-seven, as amended, promulgated by the mayor, shall apply in all\nrespects to the corporation, its officers and employees except that\nparagraph seven and paragraph eight of said executive order shall not be\napplicable to the corporation, its officers and employees. Employees who\nare members or beneficiaries of any existing pension or retirement\nsystem shall continue to have such rights, privileges, obligations or\nstatus with respect to such system as are prescribed by law on the date\nthis title takes effect, and all such employees who have been appointed\nto positions in city service in accordance with the provisions of the\ncivil service law under the rules of the city civil service commission\nshall have the same status with respect thereto in the service of the\ncorporation as they had in city service.\n
N.Y. PBA Law § 2547 — New York Code / Act PBA / Article 8 / Title 26 / Section 2547
Actions against the corporation
Status: in_force

§ 2547. Actions against the corporation. (a) Except in an action for\nwrongful death, an action against the corporation for personal injury or\nproperty damage or founded on tort shall not be commenced more than one\nyear and ninety days after the cause of action thereof shall have\naccrued nor unless a notice of claim shall have been served on a\ndirector of the corporation or officer or employee thereof designated by\nthe corporation for such purpose, within the time limited by, and in\ncompliance with the requirements of section fifty-e of the general\nmunicipal law. An action against the corporation for wrongful death\nshall be commenced in accordance with the notice of claim and time\nlimitation provisions of title eleven of article nine of this chapter.\n  (b) The venue of every action, suit or special proceeding brought\nagainst the corporation shall be laid in the county of New York.\n  (c) Neither any director of the corporation nor any officer, employee,\nor agent of the corporation, while acting within the scope of their\nauthority, shall be subject to any personal liability resulting from\nexercising or carrying out of any of the corporation's purposes or\npowers.\n
N.Y. PBA Law § 2549 — New York Code / Act PBA / Article 8 / Title 26 / Section 2549
Corporation counsel to be attorney
Status: in_force

§ 2549. Corporation counsel to be attorney. The corporation counsel of\nthe city shall be attorney and counsel for the corporation, except with\nthe approval of the corporation counsel the corporation may retain or\nemploy such counsel as are necessary to carry on its corporate purposes.\n
N.Y. PBA Law § 2550 — New York Code / Act PBA / Article 8 / Title 26 / Section 2550
Termination of authority and existence
Status: in_force

§ 2550. Termination of authority and existence. At such time as notes\nand bonds of the corporation or notes and bonds of the municipal\nassistance corporation for the city of New York, or any combination\nthereof, are outstanding in the aggregate principal amount equal to five\nhundred twenty million dollars, the purposes for which the corporation\nwas created shall have been satisfied and the corporation shall not be\nauthorized to issue any notes or bonds that would cause such aggregate\namount to be exceeded. If the corporation has no notes or bonds\noutstanding at such time as its authorization to issue notes or bonds\nterminates, the existence of the corporation shall terminate.\n
N.Y. PBA Law § 2542 — New York Code / Act PBA / Article 8 / Title 26 / Section 2542
State and city not liable on notes and bonds
Status: in_force

§ 2542. State and city not liable on notes and bonds. The notes, bonds\nor other obligations of the corporation shall not be a debt of either\nthe state or the city, and neither the state nor the city shall be\nliable thereon, nor shall they be payable out of any funds other than\nthose of the corporation; and such notes and bonds shall contain on the\nface thereof a statement to such effect.\n