reglab/housing_qa huggingface dataset:
NY Pub Auth L § 2517 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 25 - New York City Sports Authority 2517 - Exemption From Taxation of Bonds and Notes.

*  §  2517.  Exemption  from taxation of bonds and notes. It is hereby   determined that the creation of the authority is in all respects for the   benefit of the people of the state, for the improvement of their  health   and  welfare,  and  for  the  promotion  of  the  economy, and that said   purposes are public purposes and the authority  will  be  performing  an   essential  governmental function in the exercise of the powers conferred   upon it by this title, and the state covenants with the  purchasers  and   all  subsequent holders and transferees of bonds and notes issued by the   authority, in consideration of the acceptance of  and  payment  for  the   bonds  and  notes,  that  the  bonds  and notes of the authority, issued   pursuant to this title and  the  income  therefrom  and  all  its  fees,   charges, gifts, grants, revenues, receipts, and other moneys received or   to  be  received,  pledged to pay or secure the payment of such bonds or   notes shall at all times be free from taxation,  except  for  estate  or   gift taxes and taxes on transfers.* NB (Discontinued-Board of Directors never appointed)
NY Pub Auth L § 2518 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 25 - New York City Sports Authority 2518 - Bonds and Notes as Legal Investments.

* § 2518. Bonds and notes as legal investments. The bonds and notes of   the  authority  are  hereby made securities in which all public officers   and  bodies  of  this  state  and  all  municipalities   and   municipal   subdivisions, all insurance companies and associations and other persons   carrying  on an insurance business, all banks, bankers, trust companies,   savings banks and  savings  associations,  including  savings  and  loan   associations,  building  and loan associations, investment companies and   other persons  carrying  on  a  banking  business,  all  administrators,   guardian  executors,  trustees  and  other  fiduciaries,  and  all other   persons who are now or may hereafter be authorized to invest in bonds or   other obligations of the state, may properly and  legally  invest  funds   including  capital in their control or belonging to them.  The bonds and   notes are also hereby made securities which may be  deposited  with  and   may  be received by all public officers and bodies of this state and all   municipalities and municipal subdivisions for any purpose for which  the   deposit  of  bonds  or  other  obligations  of  this state is now or may   hereafter be authorized.* NB (Discontinued-Board of Directors never appointed)
NY Pub Auth L § 2519 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 25 - New York City Sports Authority 2519 - Legal Officer of the Authority.

*  §  2519.  Legal  officer  of the authority. The Corporation Counsel   shall be attorney and counsel of the authority  and  shall  approve  all   legal documents as to form.* NB (Discontinued-Board of Directors never appointed)
NY Pub Auth L § 2520 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 25 - New York City Sports Authority 2520 - Actions Against Authority.

*  §  2520.  Actions  against  authority.  1.  Except in an action for   wrongful death, an action against the  authority  for  personal  injury,   real or personal property damage or destruction or founded on tort shall   not  be  commenced more than one year and ninety days after the cause of   action thereof shall have accrued nor unless a  notice  of  claim  shall   have  been  served  on  a member of the authority or officer or employee   thereof designated by the authority for such purpose,  within  the  time   limited  by,  and in compliance with the requirements of section fifty-e   of the general municipal  law.  An  action  against  the  authority  for   wrongful death shall be commenced in accordance with the notice of claim   and  time  limitation provisions of title eleven of article nine of this   chapter.2. The venue of every  action,  suit  or  special  proceeding  brought   against the authority shall be laid in the county of New York.3.  No  member,  officer,  employee  or  agent of the authority, while   acting in the scope of his authority, shall be subject to  any  personal   liability  resulting  from  exercising  or  carrying  out  of any of the   authority's purposes or powers.* NB (Discontinued-Board of Directors never appointed)
NY Pub Auth L § 2521 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 25 - New York City Sports Authority 2521 - Applicability.

* § 2521. Applicability. The authority shall not acquire, construct or   operate any sports or other facility in the Borough of Brooklyn.* NB (Discontinued-Board of Directors never appointed)
NY Pub Auth L § 2530 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 26 - New York City Stabilization Reserve Corporation 2530 - Short Title.

§  2530.  Short  title.  This title may be cited as the "New York City   Stabilization Reserve Corporation Act".
NY Pub Auth L § 2531 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 26 - New York City Stabilization Reserve Corporation 2531 - Definitions.

§ 2531. Definitions. For the purposes of this title:1. "City" means the city of New York.2.   "Director  of  management  and  budget"  means  the  director  of   management and budget of the city of New York.3.  "Corporation"  means  the  New  York  city  stabilization  reserve   corporation as created by this title.4. "Mayor" means the mayor of the city of New York.5. "Comptroller" means the comptroller of the city of New York.6. "State" means the state of New York.7.  "Bonds"  and  "notes"  means revenue bonds and notes respectively,   issued by the corporation pursuant to this title.8. "Revenues" means all aid, rents, fees, charges, payments and  other   income  and receipts paid or payable to the corporation or a trustee for   the account of the corporation, including any  payment  required  to  be   made to the corporation by this title.9. "Operating expenses" means all expenses incurred by the corporation   in  the  administration  of the corporation including but not limited to   salaries, administrative  expenses,  insurance  premiums,  auditing  and   legal   expenses   and  fees  and  expenses  incurred  for  professional   consultants and fiduciaires.10. "Capital reserve fund requirement" means as of any particular date   of computation, an amount of money equal to the amount required, for the   then current fiscal year of the corporation, to pay interest during such   fiscal year on all bonds of the corporation outstanding on said date  of   computation,  the  principal  amount  of  all  bonds  of the corporation   outstanding on said date of computation which matures during such fiscal   year and the amount of sinking fund payments payable during such  fiscal   year  with  respect  to any bonds of the corporation outstanding on said   date of computation.11. "Sinking fund payment" means the amount of money specified in  the   resolution  authorizing  bonds  as  payable into a sinking fund during a   particular fiscal year for the retirement of  term  bonds  which  mature   after  such  fiscal  year,  but  shall not include any amount payable by   reason only of the maturity of the bond.
NY Pub Auth L § 2532 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 26 - New York City Stabilization Reserve Corporation 2532 - New York City Stabilization Reserve Corporation.

§  2532. New York city stabilization reserve corporation. (a) There is hereby created the New York city stabilization reserve corporation.  The corporation  shall  be  a  corporate  governmental agency constituting a public benefit corporation. It shall have the powers and privileges of a corporation and all of its  business  shall  be  transacted,  all  funds invested,  all  warrants for money drawn and payments made, and all cash and securities and other personal  property  held  under  its  corporate name.  (b) The corporation shall continue until all its liabilities have been met  or  otherwise  discharged  and  until its existence shall have been terminated by  law.  Upon  the  termination  of  the  existence  of  the corporation,  all of its rights and property shall pass to and be vested in the city.
NY Pub Auth L § 2533 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 26 - New York City Stabilization Reserve Corporation 2533 - Legislative Findings and Declaration of Purposes.

§   2533.  Legislative  findings  and  declaration  of  purposes.  The   legislature hereby finds and declares that the city of New York is faced   with a grave and unprecedented fiscal crisis which threatens the  city's   ability  to provide essential services and thereby endangers the welfare   of all the inhabitants of such city. This crisis has been  caused  by  a   heightened demand for such services at a time of a sharp increase in the   cost  thereof.  Accordingly,  the  legislature  hereby further finds and   declares that it is necessary for a corporation to be created to  assist   such  city  to  enable  it to provide such essential services during the   nineteen  hundred  seventy-three--nineteen  hundred   seventy-four   and   nineteen  hundred  seventy-four--nineteen  hundred  seventy-five  fiscal   years of such city on a sound financial basis.
NY Pub Auth L § 2538 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 26 - New York City Stabilization Reserve Corporation 2538 - Payments to the City.

§  2538. Payments to the city. (a) In the event that the mayor of such city certifies to the corporation an amount which is not  in  excess  of one  hundred  fifty  million  dollars as the amount which is required by such   city   during   the   city   fiscal   year    nineteen    hundred seventy-three--nineteen  hundred  seventy-four  to  enable  such city to provide essential services during such city fiscal year, the corporation may within the limitation of aggregate indebtedness set forth in section twenty-five hundred thirty-six of the title, issue its  notes  or  bonds and  deliver  such amount to the comptroller of such city for deposit in the city's general fund.  (b) In the event that the mayor shall include in his proposed  expense budget  for  the  fiscal  year  nineteen  hundred seventy-four--nineteen hundred seventy-five of such city an estimate of  amounts  payable  from the  corporation, the mayor shall, by July fifteenth of such fiscal year certify in writing to the  corporation  the  amounts  payable  from  the corporation  which the city council deducted as part of the total amount of receipts as estimated by the mayor from the amount of the  budget  in fixing  the  tax rate pursuant to section fifteen hundred fifteen of the New York city charter. The amount as certified shall be the amount which is required by the city from  the  corporation.  Upon  receipt  of  such certification,  the  corporation may, within the limitation of aggregate indebtedness set forth in section twenty-five hundred thirty-six of this title, issue its notes or bonds in an amount  adequate  to  provide  the certified   amount  and  shall  promptly  deliver  such  amount  to  the comptroller for deposit in the city's general fund.  Such  certification shall  be  deemed a finding by the mayor, city council and city board of estimate that the city is faced with a grave  fiscal  crisis  warranting such financial assistance by the corporation.
NY Pub Auth L § 2539 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 26 - New York City Stabilization Reserve Corporation 2539 - Resources of the Corporation.

§ 2539. Resources of the corporation. (a) Subject to the provisions of this  title,  the  directors  of  the corporation shall receive, accept, invest, administer, expend and disburse for its corporate  purposes  all monies  for  the corporation from whatever sources derived including (1) payments by the city  or  by  the  state  comptroller  pursuant  to  the provisions  of sections twenty-five hundred thirty-seven and twenty-five hundred forty of this title; and  (2)  any  other  payments,  gifts,  or appropriations to the fund from any other source.  (b)  The monies of the corporation shall be paid to the comptroller as agent of the corporation who shall not commingle such  monies  with  any other monies. Subject to the provisions of any contract with noteholders or  bondholders,  all  corporation  monies  received  by the corporation which, together with other monies of the corporation available  for  the operating  expenses  of  the  corporation  including the payment of debt service and payments to the capital  reserve  fund,  exceed  the  amount required  for  such  purposes  shall  be  transferred to the city on the fifteenth day of February.  (c) The monies in any of the corporation's accounts shall be paid  out on  checks  signed by the comptroller on requisitions of the chairman of the directors of the corporation or of such other officer or employee as the directors shall authorize to make such requisition.  (d) The comptroller or his  legally  authorized  representative,  from time  to  time  may  examine  the books and accounts of the corporation, including its receipts, disbursements, contracts, reserves, investments, and any other matters  relating  to  its  financial  standing.  Such  an examination  shall  be  conducted by the comptroller at least once every five years; in lieu of such an examination, the comptroller  may  accept from  the  corporation an external examination of the books and accounts made at the request of the directors of the corporation.
NY Pub Auth L § 2540 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 26 - New York City Stabilization Reserve Corporation 2540 - Payments to the Corporation.

§  2540.  Payments  to  the  corporation.  (a) Since the corporation's continued discharge of its public and governmental purpose is of benefit to the city, the city shall pay,  within  the  appropriations  available therefor,  the  expenses of the establishment and continued operation of the corporation.  (b) In the event of the failure or inability of the city to  pay  over to the corporation, in full, on or before the first day of December, the amount  required  to be paid by section twenty-five hundred thirty-seven of this title, the chairman of the corporation shall  forthwith  certify to  the  state comptroller the amount remaining unpaid and thereupon the state comptroller shall pay such amount to the corporation  out  of  the first monies available for the next succeeding payments to the city from the  stock  transfer tax fund established by section ninety-two-b of the state finance law.  (c) In the event that the amount paid by the comptroller  pursuant  to subdivision  (b)  of  this  section is inadequate to restore the capital reserve  fund  to  the  capital  reserve  fund  requirement,  the  state comptroller  shall  pay  to  the  corporation,  out  of the first monies available for the next succeeding payments of (i) state aid  apportioned to  the  city  of  New  York  as per capita aid for the support of local government pursuant to section fifty-four of the state  finance  law  or (ii)  such  other aid or assistance payable by the state to the city and not otherwise allocated as shall supersede or supplement such state  per capita  aid,  including  federal  monies  apportioned to the city by the state, such amount remaining unpaid, after giving written notice to  the director  of management and budget of each amount to be paid out of such aid, until the amount in the capital reserve fund  is  restored  to  the capital  reserve  fund  requirement;  except, however, that prior to any deductions from any such aid or assistance, state aid  monies,  if  any, payable,  pursuant  to  the  provisions of any law the effective date of which is prior to the effective date of this title, to a public  benefit corporation  shall  be  paid  in full to such corporation. Any amount so paid over to the corporation shall be deducted  from  the  corresponding apportionment of such per capita state aid otherwise payable to the city of  New  York,  and shall not obligate the state to make nor entitle the city to receive any additional apportionment or payment  of  per  capita state aid.
NY Pub Auth L § 2541 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 26 - New York City Stabilization Reserve Corporation 2541 - Agreement With the State.

§  2541. Agreement with the state. The state does hereby pledge to and   agree with the holders of any notes or bonds  issued  under  this  title   that  the  state will not limit or alter the rights hereby vested in the   corporation to fulfill the terms of any agreements made  with  the  said   holders  thereof,  or  in any way impair the rights and remedies of such   holders until such notes and bonds, together with the interest  thereon,   with  interest on any unpaid installments of interest, and all costs and   expenses in connection with any action or proceeding by or on behalf  of   such   holders,  are  fully  met  and  discharged.  The  corporation  is   authorized to include this pledge and agreement  of  the  state  in  any   agreement with the holders of such notes or bonds.
NY Pub Auth L § 2542 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 26 - New York City Stabilization Reserve Corporation 2542 - State and City Not Liable on Notes and Bonds.

§ 2542. State and city not liable on notes and bonds. The notes, bonds   or  other  obligations  of the corporation shall not be a debt of either   the state or the city, and neither the  state  nor  the  city  shall  be   liable  thereon,  nor  shall they be payable out of any funds other than   those of the corporation; and such notes and bonds shall contain on  the   face thereof a statement to such effect.
NY Pub Auth L § 2543 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 26 - New York City Stabilization Reserve Corporation 2543 - Remedies of Noteholders and Bondholders.

§  2543. Remedies of noteholders and bondholders. 1. In the event that the corporation shall default in the payment of principal of or interest on or sinking fund payment on any issue of notes or bonds after the same shall become due, whether at maturity or upon call from  redemption,  or in  the  event  that the corporation shall default in any agreement made with the holders of  any  issue  of  notes  or  bonds,  the  holders  of twenty-five  per  centum  in  aggregate principal amount of the notes or bonds of such issue then outstanding, by instrument or instruments filed in the office of the clerk of the county  of  New  York  and  proved  or acknowledged  in the same manner as a deed to be recorded, may appoint a trustee to represent the holders of such notes or bonds for the purposes herein provided.   2. Such trustee may, and  upon  written  request  of  the  holders  of twenty-five  per  centum in principal amount of such notes or bonds then outstanding shall, in his or its own name:  (a) by suit,  action  or  proceeding  in  accordance  with  the  civil practice  law  and  rules,  enforce  all  rights  of  the noteholders or bondholders, including the right to require the corporation to carry out any agreement with such holders and to perform  its  duties  under  this title;  (b) bring suit upon such notes or bonds;  (c)  by  action  or  suit, require the corporation to account as if it were the trustee of an express trust for the holders of  such  notes  or bonds;  (d) by action or suit, enjoin any acts or things which may be unlawful or in violation of the rights of the holders of such notes or bonds;  (e)  declare  all  such  notes  or  bonds  due and payable, and if all defaults shall be made good, then, with the consent of  the  holders  of twenty-five  per  centum  of the principal amount of such notes or bonds then outstanding annul such declaration and its consequences.   3. The supreme court shall have jurisdiction of any  suit,  action  or proceeding  by the trustee on behalf of such noteholders or bondholders. The venue of any such suit, action or proceeding shall be  laid  in  the county of New York.   4.  Before  declaring the principal of notes or bonds due and payable, the trustee shall first give thirty  days'  notice  in  writing  to  the corporation, the mayor and to the attorney general of the state.
NY Pub Auth L § 2544 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 26 - New York City Stabilization Reserve Corporation 2544 - Notes and Bonds as Legal Investments.

§  2544.  Notes and bonds as legal investments. The notes and bonds of   the corporation are hereby made securities in which all public  officers   and   bodies   of  this  state  and  all  municipalities  and  municipal   subdivisions, all insurance companies and associations and other persons   carrying on an insurance business, all banks, bankers, trust  companies,   savings  banks  and  savings  associations,  including  savings and loan   associations, building and loan associations, investment  companies  and   other  persons  carrying  on  a  banking  business,  all administrators,   guardians, executors, trustees and  other  fiduciaries,  and  all  other   persons  whatsoever who are now or may hereafter be authorized to invest   in bonds or in other obligations of the state, may properly and  legally   invest  funds, including capital, in their control or belonging to them.   The notes and bonds  are  also  hereby  made  securities  which  may  be   deposited  with and may be received by all public officers and bodies of   the state and all municipalities and public corportions for any  purpose   for  which the deposit of bonds or other obligations of the state is now   or may hereafter be authorized.
NY Pub Auth L § 2545 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 26 - New York City Stabilization Reserve Corporation 2545 - Exemption From Taxation.

§  2545.  Exemption from taxation. 1. It is hereby determined that the   creation of the corporation  and  the  carrying  out  of  its  corporate   purpose  is  in  all  respects a public and governmental purpose for the   benefit of the people of the state and  for  the  improvement  of  their   health,  safety,  welfare,  comfort and security, and that said purposes   are public purposes and that  the  corporation  will  be  performing  an   essential  governmental function in the exercise of the powers conferred   upon it by this title.2. The property of the corporation and its income and operations shall   be exempt from taxation.3. The notes and bonds of the  corporation  issued  pursuant  to  this   title and the income therefrom and all its fees, charges, gifts, grants,   revenues, receipts, and other monies received or to be received, pledged   to  pay  or secure the payment of such notes or bonds shall at all times   be free from taxation, except for estate and gift  taxes  and  taxes  on   transfers.