reglab/housing_qa huggingface dataset:
NY Pub Auth L § 3017 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 2 - General Provisions Relating to Municipal Assistance Corporations 3017 - Remedies of Noteholders and Bondholders.

§  3017. Remedies of noteholders and bondholders. 1. In the event that a 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 otherwise or in the  event that  a 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 in which the principal office of such corporation is located 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  percentum  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 act;  (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  noteholder  or bondholder trustee on behalf of such noteholders or bondholders. The  venue  of  any  such  suit,  action  or proceeding  shall be laid in the county in which the principal office of the corporation is located.   4. Before declaring the principal of notes or bonds due  and  payable, the  trustee  shall  first  give  thirty  days' notice in writing to the governor, the corporation and to the attorney general of the state.
NY Pub Auth L § 3018 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 2 - General Provisions Relating to Municipal Assistance Corporations 3018 - Notes and Bonds as Legal Investments.

§ 3018. Notes and bonds as legal investments. The notes and bonds of a   corporation  are hereby made securities in which all public officers and   bodies of this state and all political subdivisions  of  the  state  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. Such 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  political  subdivisions   of  the  state  and  public  corporations  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 § 3019 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 2 - General Provisions Relating to Municipal Assistance Corporations 3019 - Exemption From Taxation.

§  3019.  Exemption from taxation. 1. It is hereby determined that the   creation of a 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  a  corporation  will  be  performing  an  essential   governmental function in the exercise of the powers conferred upon it by   this act.2. The property of a corporation and its income and  operations  shall   be exempt from taxation.3.  The  notes and bonds of a corporation issued pursuant to authority   granted in the special act creating  it  or  this  act  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  notes  or bonds shall at all times be free from   taxation, except for estate and gift taxes and taxes on transfers.
NY Pub Auth L § 3021 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 2 - General Provisions Relating to Municipal Assistance Corporations 3021 - Assistance by State Officers, Departments, Boards and Commissions.

§   3021.  Assistance  by  state  officers,  departments,  boards  and   commissions. 1. The department of audit and control, department of  law,   and  all  other state agencies may render such services to a corporation   within  their  respective  functions  as  may  be  requested   by   such   corporation.2.  Upon  request  of  a  corporation,  any  state  agency  is  hereby   authorized and empowered to transfer to the  corporation  such  officers   and  employees as it may deem necessary from time to time to assist such   corporation in carrying out its functions and  duties  under  this  act.   Officers  and  employees  so transferred shall not lose or forfeit their   civil service status or rights.
NY Pub Auth L § 3030 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 3 - Municipal Assistance Corporation for the City of New York 3030 - Short Title.

* §  3030. Short title. This title shall be known and may be citied as   the "Municipal Assistance Corporation for the city of New York Act".* NB The corporation shall continue for a term  ending  the  later  of   July  1, 2008 or one year after its liabilities have been fully paid and   discharged per § 3033 sub 1.
NY Pub Auth L § 3031 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 3 - Municipal Assistance Corporation for the City of New York 3031 - Legislative Findings and Statement of Purposes.

* §   3031.  Legislative  findings  and  statement  of  purposes.  The   legislature hereby finds  and  declares  that  it  is  necessary  for  a   municipal assistance corporation to be created to assist the city of New   York   in  providing  essential  services  to  its  inhabitants  without   interruption and in creating investor confidence in the soundness of the   obligations of such city so that it may retain its ability to  sell  its   obligations to the public.The  legislature further finds that it is in the interest of the state   of New York and the city of New York  that  the  long-term  construction   programs  of  the  New York city transit authority and the New York city   school construction authority continue to be fully funded, and that  the   remaining  commitments  of  the municipal assistance corporation for the   city of New York to provide funds for such capital  programs  be  funded   with  the  proceeds  of  debt  obligations,  including securities of the   municipal assistance corporation for the city  of  New  York,  provided,   however,  that funding for such programs shall to the extent practicable   be provided by the city of New York.* NB The corporation shall continue for a term  ending  the  later  of   July  1, 2008 or one year after its liabilities have been fully paid and   discharged per § 3033 sub 1.
NY Pub Auth L § 3032 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 3 - Municipal Assistance Corporation for the City of New York 3032 - Definitions.

* §  3032. Definitions. As used in this title, the following words and   terms shall  have  the  following  meanings  unless  the  context  shall   indicate another or different meaning or intent:1.  "Corporation"  means  the corporate governmental agency created by   section three thousand thirty-three of this chapter.2. "City" means the city of New York.3. "Mayor" means the mayor of the city of New York.4. "City comptroller" means the comptroller of the city of New York.5. "City budget director" means the director of management and  budget   of the city of New York.6.  "Short-term  obligations"  means  tax  anticipation notes, revenue   anticipation notes, bond anticipation  notes,  budget  notes  and  urban   renewal notes.* NB The  corporation  shall  continue  for a term ending the later of   July 1, 2008 or one year after its liabilities have been fully paid  and   discharged per § 3033 sub 1.
NY Pub Auth L § 3035 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 3 - Municipal Assistance Corporation for the City of New York 3035 - Exchange of Notes or Bonds of the Corporation for Short-Term Obligations of the City.

* § 3035. Exchange of notes or bonds of the corporation for short-term obligations of the city. 1. The corporation may issue its notes or bonds in  exchange  for  short-term obligations of the city, provided that the principal amount of the corporation's notes or bonds issued in any  such exchange  shall  not  exceed  the  principal  amount  of such short-term obligations and accrued interest thereon at the stated rate to the  date of such exchange.   2. (a) Upon or at any time after receipt of the short-term obligations of  the  city  exchanged  in accordance with subdivision one hereof, the corporation may deliver any or all of such short-term obligations to the city  for  cancellation,  without  receiving  payment  of  principal  or interest  in  respect  thereof,  in which event the city shall thereupon cancel such obligations without making any payment of  principal  amount or accrued interest thereon and the city shall have no further liability with  respect  thereto.  Notwithstanding  the foregoing, the corporation shall not deliver at any time bond anticipation notes received  pursuant to  subdivision  one  to  the  city  for  cancellation without receiving payment of principal or interest in respect thereof unless the mayor and the  city  comptroller  shall  have  requested  in  writing  that   such short-term obligations be delivered for cancellation.  (b) Upon or at any time after receipt of the short-term obligations of the  city  exchanged  in  accordance  with  subdivision  one  hereof the corporation may exchange any or all of such short-term  obligations  for other  short-term  obligations  issued by the city pursuant to the local finance law and the corporation may exchange any or  all  of  such  bond anticipation  notes included in such short-term obligations for bonds of the city issued pursuant to the local finance law, all on such terms and conditions as the corporation may deem proper.   3. The corporation shall not exchange any of its bonds  or  notes  for short-term  obligations  of  the city pursuant to subdivision one hereof unless (a) the city shall have agreed  to  observe  the  conditions  set forth in section three thousand thirty-eight of this chapter, subject to such  modifications  as  are permitted thereunder and as the corporation may then approve, and (b) the board  of  directors  of  the  corporation shall have determined that the terms of such exchange will not prejudice the rights of holders of other bonds and notes of the city.   * NB The  corporation  shall  continue  for a term ending the later of July 1, 2008 or one year after its liabilities have been fully paid  and discharged per § 3033 sub 1.
NY Pub Auth L § 3037-A (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 3 - Municipal Assistance Corporation for the City of New York 3037-A - Funding Capital Projects.

* § 3037-a. Funding capital projects. The amounts paid to the city for   purposes  set  forth  in  subparagraph  (b)  of  section  three thousand   thirty-seven of this title, in addition to all other authorized amounts,   shall include amounts required by the city (i)  to  fund  eight  hundred   sixty-five  million  dollars of capital commitments to the New York city   transit authority in accordance with  the  following  schedule  for  the   fiscal  years ending on June thirtieth in the following years:  nineteen   hundred ninety, seventy million dollars;  nineteen  hundred  ninety-one,   seventy  million  dollars;  nineteen  hundred  ninety-two,  seventy-five   million dollars; nineteen  hundred  ninety-three,  one  hundred  million   dollars;  nineteen hundred ninety-four, one hundred ten million dollars;   and nineteen hundred ninety-five, four hundred  forty  million  dollars;   and  (ii)  to fund six hundred million dollars of capital commitments to   the New York city school construction authority in  eight  equal  annual   installments  of  seventy-five  million  dollars beginning in the fiscal   year ending on June thirtieth, nineteen hundred ninety. All such amounts   shall be paid by the corporation to the  city  in  accordance  with  the   provisions  of  paragraph  (d)  of  subdivision  three  of section three   thousand thirty-three of this title.* NB The corporation shall continue for a term  ending  the  later  of   July  1, 2008 or one year after its liabilities have been fully paid and   discharged per § 3033 sub 1.
NY Pub Auth L § 3039 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 3 - Municipal Assistance Corporation for the City of New York 3039 - Review by the Corporation.

* §    3039.  Review by the corporation. In order to determine whether   the city has taken or is taking action to  effect  compliance  with  any   conditions  imposed  pursuant  to section three thousand thirty-eight of   this chapter, the corporation may from time to time conduct a review  of   the   records,  accounts,  budgets,  forecasts,  projections  and  other   relevant materials of the city. The corporation may conduct such  review   by  using  (i)  its  own  employees, (ii) its agents, or (iii) any state   employees provided to the corporation for such purpose. The  city  shall   make  available for such review all books and records, and shall furnish   copies of all financial  statements,  budgets,  forecasts,  projections,   information  or  corrective  action taken by the city in response to any   notices  from  the  corporation  and  all  information  related  to  the   foregoing, as requested by the persons conducting such review, and shall   make  its  officers  and  employees  available  to  and  shall otherwise   cooperate with such persons to permit such review  to  be  completed  as   promptly as possible.* NB The  corporation  shall  continue  for a term ending the later of   July 1, 2008 or one year after its liabilities have been fully paid  and   discharged per § 3033 sub 1.
NY Pub Auth L § 3041 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 3 - Municipal Assistance Corporation for the City of New York 3041 - Funds of the Corporation.

* §   3041.   Funds  of  the  corporation.  The  municipal  assistance   corporation for the city of New York shall not hereafter enter into  any   memorandum  of  agreement with the governor of the state of New York and   the mayor of the city of New  York,  other  than  the  agreement  to  be   entered  into  pursuant  to  subdivision two-b of section three thousand   thirty-three of this  title,  providing  for  the  disposition  of  such   revenues of such corporation as may be available from time to time after   providing for the payment of principal, interest, and redemption premium   on  its  outstanding  bonds  and  notes,  its operating expenses and its   commitments  under  existing  agreements,  and,  subject  to  any  other   provision  of  law,  agreements  with  holders of its bonds or notes, or   memoranda of agreement, and on the approval  of  the  board,  all  funds   generated  by  future  actions  of  the corporation shall either be made   available to the city of New York as  such  funds  become  available  or   applied  by  the  corporation  to pay principal, interest and redemption   premium on its outstanding obligations.* NB The corporation shall continue for a term  ending  the  later  of   July  1, 2008 or one year after its liabilities have been fully paid and   discharged per § 3033 sub 1.
NY Pub Auth L § 3050 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 4 - Municipal Assistance Corporation for the City of Troy 3050 - Short Title.

§ 3050. Short title. This title shall be known and may be cited as the   "Municipal Assistance Corporation for the City of Troy Act".
NY Pub Auth L § 3051 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 4 - Municipal Assistance Corporation for the City of Troy 3051 - Legislative Findings and Statement of Purposes.

§   3051.   Legislative   findings  and  statement  of  purposes.  The   legislature hereby finds  and  declares  that  it  is  necessary  for  a   municipal  assistance  corporation  to  be created to assist the city of   Troy  in  providing  essential  services  to  its  inhabitants   without   interruption and in creating investor confidence in the soundness of the   obligations  of  such city so that it may retain its ability to sell its   obligations to the public.The legislature further finds that it is in the interest of the  state   of  New  York  and the city of Troy that certain capital programs of the   city of Troy be funded, and certain cumulative deficits of the  city  of   Troy  be  liquidated,  with  the proceeds of debt obligations, including   securities of the municipal assistance corporation for the city of Troy.
NY Pub Auth L § 3052 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 4 - Municipal Assistance Corporation for the City of Troy 3052 - Definitions.

§  3052.  Definitions.  As used in this title, the following words and   terms shall  have  the  following  meanings  unless  the  context  shall   indicate another or different meaning or intent:1. "Corporation"  means  the  corporate governmental agency created by   section three thousand fifty-three of this title.2. "City" means the city of Troy.3. "Chief executive officer" means the chief executive officer of  the   city  as  defined  in  subdivision  five-a  of section 2.00 of the local   finance law.4. "City comptroller" means the comptroller of the city of Troy.5. "Short-term obligations"  means  tax  anticipation  notes,  revenue   anticipation  notes,  bond  anticipation  notes,  budget notes and urban   renewal notes.6. "Bond or note facility"  means  any  insurance  policy,  letter  of   credit or other credit enhancement with respect to bonds or notes of the   corporation issued pursuant to this title.
NY Pub Auth L § 3054 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 4 - Municipal Assistance Corporation for the City of Troy 3054 - Administration of the Corporation.

§  3054.  Administration  of the corporation. The corporation shall be   administered by a board of directors,  consisting  of  seven  directors,   none of whom shall be officers or employees of the federal government or   of  the  state  or political subdivisions thereof. Five of the directors   shall be appointed by the  governor.  One  of  the  directors  shall  be   appointed  by the majority leader of the senate and one of the directors   shall be appointed by the speaker of the assembly. Each of  the  members   of  the  board of directors shall serve at the pleasure of the appointed   official. Directors of the  corporation  may  also  be  members  of  the   supervisory  board  created for the city of Troy pursuant to section ten   of chapter seven hundred twenty-one of  the  laws  of  nineteen  hundred   ninety-four,  as  amended  from time to time. The corporation shall have   the power to make and execute contracts to pay the expenses of operation   of the supervisory board for the city of Troy, within the  appropriation   available therefor.
NY Pub Auth L § 3059 (2021)
2021 New York Laws PBA - Public Authorities Article 10 - New York State Municipal Assistance Corporation Act Title 4 - Municipal Assistance Corporation for the City of Troy 3059 - Review by the Corporation.

§  3059.  Review by the corporation. In order to determine whether the   city has taken or  is  taking  action  to  effect  compliance  with  any   conditions  imposed  pursuant  to  section three thousand fifty-eight of   this title, the corporation may from time to time conduct  a  review  of   the   records,  accounts,  budgets,  forecasts,  projections  and  other   relevant materials of the city. The corporation may conduct such  review   by  using  (i)  its  own  employees,  (ii) it agents, or (iii) any state   employees provided to the corporation for such purposes. The city  shall   make  available for such review all books and records, and shall furnish   copies of all financial  statements,  budgets,  forecasts,  projections,   information  or  corrective  action taken by the city in response to any   notices  from  the  corporation  and  all  information  related  to  the   foregoing, as requested by the persons conducting such review, and shall   make  its  officers  and  employees  available  to  and  shall otherwise   cooperate with such persons to permit such review  to  be  completed  as   promptly as possible.