reglab/housing_qa huggingface dataset:
NY Pub Auth L § 2435-C (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 18 - State of New York Municipal Bond Bank Agency Act 2435-C - Purchase of Tax Liens.

§ 2435-c. Purchase of tax liens. (1) The agency or its tax lien entity may purchase, and contract to purchase, tax liens from municipalities at such price or prices, upon such terms and conditions and in such manner, as the agency shall deem advisable.  (2)  The  agency shall require as a condition of purchase of tax liens from municipalities that each  such  municipality  shall  agree  (i)  to promptly  pay,  as  directed  by the agency, any moneys collected by the municipality in connection with the redemption and cancellation of  such tax  liens,  (ii)  to  pay,  subject to appropriation by the appropriate legislative body of such municipality, any amounts due and owing to  the agency or its tax lien entity as a result of the sale of such tax liens, (iii)  to  make  such  covenants,  representations,  and warranties with respect to the tax liens sold as required to effectuate the sale of such tax liens and  facilitate  the  marketing  of  tax  lien  collateralized securities  issued  by  the  agency  or  its tax lien entity and (iv) to accept a note or other instrument issued by the agency or its  tax  lien entity to evidence any contingent amounts payable under the terms of the purchase and sale agreement. All municipalities selling tax liens to the agency  or  its  tax lien entity are hereby authorized to make and carry out the agreements with the agency or its tax lien entity as required in this subdivision. All municipalities are  also  authorized  to  sell  on their  own  behalf,  or  have  the agency or its tax lien entity sell on their own behalf, all or part of the contingent amounts payable to  such municipalities  under  the  terms  of  a  tax  lien  purchase  and  sale agreement.  (2-a) In connection with the purchase  or  proposed  purchase  of  tax liens  by  the agency or its tax lien entity, the agency or its tax lien entity may purchase,  and  contract  to  purchase,  real  property  from municipalities  acquired  by  the  municipalities  pursuant  to  any tax enforcement proceeding, and which have not yet been disposed of by  such municipalities.  (3)  In  connection with the sale or proposed sale of tax liens to the agency or its tax lien entity, any municipality may, notwithstanding the provisions of any general or special law to the contrary, pay  (i)  such fixed  or  annual  charges as may be prescribed from time to time by the agency for or with respect to the purchase by the agency or its tax lien entity of the tax liens of such municipality, and (ii)  all  charges  or expenses  necessary for the conversion or reconversion of any of its tax liens into such form as may be required by the agency in connection with any sale or other disposition of such tax liens.
NY Pub Auth L § 2435-E (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 18 - State of New York Municipal Bond Bank Agency Act 2435-E - Special School Deficit Program Agreements.

§  2435-e.  Special School Deficit Program Agreements. (1) In order to fulfill the purposes of this title and to provide a  means  by  which  a special  school  deficit program district may receive assistance to meet its obligations and, notwithstanding any general or special law  to  the contrary,  the  agency  and  the special school deficit program district are, subject to the provisions  of  subdivision  (3)  of  this  section, hereby  authorized  to  enter  into  one  or more special school deficit program agreements, which  special  school  deficit  program  agreements shall, consistent with the provisions of this title, contain such terms, provisions  and  conditions as, in the judgement of the agency, shall be necessary or desirable. Each special school  deficit  program  agreement shall  specify  the  amount  to  be made available to the special school deficit program district through the proceeds of  an  issue  of  special school  deficit  program  bonds  and  shall  require such special school deficit program district, subject  to  appropriation  by  the  board  of education  of  such  special  school  deficit  program district, to make payments to the agency in the amounts and at the times determined by the agency to be necessary to provide for payment of such issue  of  special school  deficit  program  bonds and such other fees, charges, costs, and other amounts as the agency shall  in  its  judgement  determine  to  be necessary or desirable.  (2) Any special school deficit program agreement entered into pursuant to  subdivision  one  of this section shall provide that the obligations thereunder to fund or pay the amounts therein  provided  for  shall  not constitute  a  debt  of the state or such special school deficit program district within the meaning of any constitutional or statutory provision and shall be deemed executory only to the extent of moneys available and that no liability shall be incurred by the state or such special  school deficit  program  district  beyond the moneys available for the purpose, and that such obligation is subject to annual appropriation by the board of education of such special school deficit program district.
NY Pub Auth L § 2436-A (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 18 - State of New York Municipal Bond Bank Agency Act 2436-A - School Aid Revenues.

§  2436-a.  School  aid  revenues.  With  respect  to  each  issue  of outstanding special school purpose bonds, the  chairman  of  the  agency shall  annually  certify,  or  in the case of the first such certificate within thirty days after the sale of an issue of special school  purpose bonds, to the comptroller and the director of the budget, with a copy to the  commissioner  of  education, a schedule setting forth the amount of school aid revenue necessary for payment of the following obligations:  (a) all interest and all payments of principal and redemption premium, if any, on such special  school  purpose  bonds  maturing  or  otherwise coming due during the subsequent state fiscal year;  (b)  the  amounts required to be deposited in any debt service reserve fund with respect to such special school purpose bonds;  (c) the amount, if any, due to any provider  of  any  bond  credit  or liquidity  facility, representing payments made by it as provided in the applicable  resolution  or  trust  indenture,  including   any   related reasonable interest, fees or charges so provided;  (d) the amount, if any, required to be rebated to the United States to provide  for  continued  federal  tax  exemption  of such special school purpose bonds; and  (e) any administrative or other fees, costs  or  charges  due  to  the agency or any other party in connection with such special school purpose bonds.   The  certification  may  be  amended and, in the event of a bond sale, shall be amended no later than thirty days after such sale. The schedule accompanying such certification shall provide for such payment dates  as the  agency  deems  appropriate  to ensure that sufficient funds will be available to meet  its  obligations  relating  to  such  special  school purpose bonds as they come due.
NY Pub Auth L § 2436-C (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 18 - State of New York Municipal Bond Bank Agency Act 2436-C - Local Public Safety Communications Bonds.

§ 2436-c. Local public safety communications bonds. (1) The agency may purchase  local public safety communications bonds using the proceeds of public safety communication bonds, subject to  the  provisions  of  this section and to any other provision of law applicable to the municipality and  bonds  it  issues,  including any debt limitation applicable to the municipality that issued the local public safety communications bond, as well as to the other provisions of this title. To the  extent  that  any such  other provision of law conflicts with a provision of this section, the provision of this section shall control, except as otherwise stated.  (2) Local public safety communications bonds  shall  be  payable  from funds  provided  by  a  municipality  for payment thereof as well as any monies available from special public safety communications agreements.  (3)  The  agency's  public  safety  communications  bonds  secured  by payments  of  principal  and  interest  due with respect to local public safety communications bonds shall not be a debt of either the  state  or any  municipality,  and  neither the state nor any municipality shall be liable thereon, nor shall they be payable out of any  funds  other  than those  of  the agency; and such local public safety communications bonds shall contain on the face thereof a statement to such effect.  (4) Subject to the provisions of any contract with holders  of  bonds, notes  or  other  obligations,  proceeds of public safety communications bonds to be paid to a municipality to purchase its local  public  safety communications  bonds shall be paid to the municipality and shall not be commingled with any other money of the agency.  (5) Nothing contained in this title shall be  construed  to  create  a debt  of the state within the meaning of any constitutional or statutory provisions.  (6) (a) A municipality may covenant and agree  that  the  municipality will  not  limit, alter or impair the rights hereby vested in the agency to fulfill the terms of any agreements made with holders of the agency's public safety communications bonds, the proceeds of which were  used  to purchase the municipality's local public safety communications bonds, or in  any  way  impair  the  rights  and  remedies  of such holders or the security for such bonds, until such bonds, together  with  the  interest thereon  and  all  costs  and  expenses in connection with any action or proceeding by  or  on  behalf  of  such  holders,  are  fully  paid  and discharged.  (b)  Any  such  agreement  with  a  municipality may be pledged by the agency to secure its public safety communications bonds used to purchase local public safety communications bonds issued by that municipality and may not be modified thereafter except as provided by the  terms  of  the pledge  or  subsequent agreements with the holders of such public safety communications bonds.
NY Pub Auth L § 2439 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 18 - State of New York Municipal Bond Bank Agency Act 2439 - Reserve Funds and Appropriations.

§  2439. Reserve funds and appropriations. The agency shall create and   establish one or more special funds to be known as debt service  reserve   funds  and shall pay into such reserve funds (a) any moneys appropriated   and made available by the state for the purposes of such funds, (b)  any   proceeds  of  sale  of  bonds  or  notes,  to the extent provided in the   resolution of the agency authorizing the issuance thereof  and  (c)  any   other  moneys  which  may be available to the agency for the purposes of   such funds from any other source or  sources.  The  moneys  held  in  or   credited  to  the  debt  service  reserve  fund  established  under this   subdivision, except as hereinafter provided, shall be  used  solely  for   the  payment of the principal of the bonds of the agency secured by such   reserve fund, as the same mature, sinking fund payments, the purchase of   such bonds of the agency, the payment of interest on such bonds  of  the   agency,  or  the  payment  of any redemption premium required to be paid   when such bonds are redeemed prior to maturity, provided, however,  that   moneys  in any such fund shall not be withdrawn therefrom at any time in   such amount as would reduce the amount of such fund  to  less  than  the   debt  service reserve fund requirement, except for the purpose of paying   principal and interest on the  bonds  of  the  agency  secured  by  such   reserve fund maturing and becoming due and any sinking fund payments and   for  the  payment of which other moneys of the agency are not available.   Moneys in any debt service reserve fund not required for  immediate  use   or  disbursement, at the discretion of the agency may be invested in any   investments approved or authorized in accordance with the provisions  of   section  ninety-eight of the state finance law.  In computing the amount   of any debt service reserve fund  for  the  purposes  of  this  section,   securities  in which all or a portion of such fund are invested shall be   valued at par if purchased at par, or if purchased at other than par, at   amortized value. The agency shall not issue bonds at any  time  if  upon   issuance,  the  amount  in  the  debt service reserve fund securing such   bonds will be less than  the  debt  service  reserve  fund  requirement,   unless  the agency, at the time of issuance of such bonds, shall deposit   in such reserve fund from the proceeds of the bonds so to be issued,  or   otherwise,  an  amount  which,  together  with  the  amount then in such   reserve fund, will be not  less  than  the  debt  service  reserve  fund   requirement.Any excess in any debt service reserve fund at the close of any fiscal   year of the agency over the debt service reserve fund requirement may be   transferred to any other fund or account of the agency as the agency may   determine.
NY Pub Auth L § 2441 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 18 - State of New York Municipal Bond Bank Agency Act 2441 - State and Municipalities Not Liable on Bonds and Notes.

§  2441.  State  and municipalities not liable on bonds and notes. The   bonds, notes, tax lien collateralized securities and  other  obligations   of  the  agency and its tax lien entity shall not be a debt of the state   of New York or of any  municipality,  and  neither  the  state  nor  any   municipality  shall  be liable thereon, nor shall they be payable out of   any funds other than those of  the  agency  pledged  therefor  and  such   bonds,  notes,  tax lien collateralized securities and other obligations   shall contain on the face thereof a statement to such effect.
NY Pub Auth L § 2442 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 18 - State of New York Municipal Bond Bank Agency Act 2442 - Agreement of the State.

§  2442. Agreement of the state. (1) The state of New York does hereby pledge to and agree with the holders of any bonds,  notes  or  tax  lien collateralized  securities  issued  under this title that the state will not limit or alter the rights hereby vested in the agency to fulfill the terms of any agreements made with the holders thereof,  or  in  any  way impair the rights and remedies of such holders until such bond, notes or tax  lien  collateralized securities together with the interest thereon, with interest on any unpaid installments of interest, and all costs  and expenses in connection with any action or proceedings by or on behalf of such  holders, are fully met and discharged. The agency is authorized to include this pledge and agreement of the state in any agreement with the holders of such bonds, notes  or  tax  lien  collateralized  securities. Nothing contained in this title shall be deemed to restrict any right of the  state to amend, modify, repeal or otherwise alter (a) any provision of law relating to state aid, or (b) statutes imposing  or  relating  to taxes or fees, or (c) appropriations relating thereto.  (2)  The  agency  shall not include within any resolution, contract or agreement with holders of the bonds, notes or other  obligations  issued under this title any provision which provides that a default occurs as a result  of the state exercising its right to amend, modify, or repeal or otherwise alter (a) any provision of law relating to state aid;  or  (b) statutes  imposing  or  relating to taxes or fees, or (c) appropriations relating thereto. Nothing in this title shall be deemed to obligate  the state  to  make  any  payments  or  impose any taxes to satisfy the debt service obligations of the agency.
NY Pub Auth L § 2443 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 18 - State of New York Municipal Bond Bank Agency Act 2443 - Property and Income.

§ 2443. Property and income. The property of the agency and its income   and  operations  shall  be  exempt from taxation or assessments of every   kind and nature, nor shall the agency be required to pay  any  recording   fee or transfer tax of any kind on account of instruments recorded by it   or on its behalf.
NY Pub Auth L § 2444 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 18 - State of New York Municipal Bond Bank Agency Act 2444 - Exemption From Taxation of Bonds, Notes and Tax Lien Collateralized Securities.

§  2444.  Exemption  from  taxation  of  bonds,  notes  and  tax  lien   collateralized securities. It is hereby determined that the creation  of   the  agency  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  agency 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,  notes,  and tax lien collateralized securities issued by the   agency and its tax lien entity, in consideration of  the  acceptance  of   and payment for the bonds, notes, and tax lien collateralized securities   that  the  bonds,  notes  and  tax lien collateralized securities of the   agency, and its tax lien entity, 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,  notes  or  tax  lien  collateralized   securities  shall  at all times be free from taxation, except for estate   or gift taxes and taxes on transfers.
NY Pub Auth L § 2445 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 18 - State of New York Municipal Bond Bank Agency Act 2445 - Bonds and Notes as Legal Investments for Public Officers and Fiduciaries.

§  2445.  Bonds and notes as legal investments for public officers and   fiduciaries.  The  bonds  and  notes  of  the  agency  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 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.
NY Pub Auth L § 2446 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 18 - State of New York Municipal Bond Bank Agency Act 2446 - Moneys of the Agency.

§  2446.  Moneys  of  the  agency.  (1)  Subject to any agreement with bondholders or noteholders or except as otherwise authorized or provided in this act, all moneys of the agency from whatever source derived shall be paid to the comptroller of the agency and shall be  invested  in  any investments  approved or authorized in accordance with the provisions of section ninety-eight of the  state  finance  law.  The  moneys  in  such accounts shall be paid by the comptroller or other agent duly designated by  the  agency  on requisition of the chairman of the agency or of such other person or persons  as  the  agency  may  authorize  to  make  such requisitions.  All  deposits  of  such moneys, shall, if required by the agency, be secured by (i) obligations of the United States of America or of the state of a market value equal at all times to the amount  of  the deposit  and  all  banks and trust companies are authorized to give such security for such deposits or (ii) in such other manner  as  the  agency may  require.  The  obligations  securing  such deposits shall either be deposited with the comptroller of the agency or be held by a trustee  or agent  satisfactory  to  the  agency.  The  comptroller  or  his legally authorized representatives are authorized and  empowered  from  time  to time  to  examine  the  accounts  and books of the agency, including its receipts, disbursements, contracts, leases, sinking  funds,  investments and any other records and papers relating to its financial standing.  (2) The agency shall have power to contract with holders of any of its bonds or notes, as to the custody, collection, securing, investment, and payment  of  any  moneys  of  the agency, of any moneys held in trust or otherwise for the payment of bonds or  notes,  and  to  carry  out  such contract.  Moneys held in trust or otherwise for the payment of bonds or notes or in any way to secure bonds or notes and deposits of such moneys may be secured in the same manner as moneys of the agency, and all banks and trust companies are  authorized  to  give  such  security  for  such deposits.  (3)  Subject  to  the  provisions  of any contract with bondholders or noteholders and to the approval of the  comptroller,  the  agency  shall prescribe a system of accounts.  (4)  The  agency  shall submit to the governor, chairman of the senate finance committee, chairman of the assembly ways and means committee and the comptroller, within thirty  days  of  the  receipt  thereof  by  the agency,  a copy of the report of every external examination of the books and accounts of the agency other than copies  of  the  reports  of  such examinations made by the comptroller.
NY Pub Auth L § 2447 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 18 - State of New York Municipal Bond Bank Agency Act 2447 - Actions.

§ 2447. Actions. In any case founded upon tort a notice of claim shall   be required as a condition precedent to the commencement of an action or   special  proceeding  against  the  agency  or  any officer, appointee or   employee thereof, and the provisions of section fifty-e of  the  general   municipal law shall govern the giving of such notice.Except  in  an action for wrongful death, no action shall be commenced   (a) prior to the expiration of thirty days from the date  on  which  the   demand,  claim or claims upon which the action is founded were presented   to a director of the agency or other officer thereof designated for such   purpose nor (b) more than one year and ninety days after  the  cause  of   action  therefor  shall  have  accrued. An action against the agency 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.