NY Pub Auth L § 2468 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 19 - New York State Sports Authority 2468 - Bonds and Notes of the Authority.

*  §  2468.  Bonds  and notes of the authority. 1. All bonds and notes   issued by the authority may be secured by the full faith and  credit  of   the  authority  subject  only  to  any  agreements  with  the holders of   particular bonds pledging any  particular  revenues  or  moneys  of  the   authority,  all  as  may be provided in the proceedings of the authority   pursuant to which the bonds or notes shall be authorized to be issued.2. Bonds and notes issued by the authority shall  bear  such  date  or   dates and shall mature at such time or times as shall be provided by any   such  resolution  of  the  authority, except that no note or any renewal   thereof shall mature more than five years from the date of the  original   note and no bond shall mature more than forty years from the date of its   issue.3.  Bonds  may be issued in one or more series as serial bonds payable   in annual installments or as term bonds or  as  a  combination  thereof.   Bonds  and  notes  shall bear interest at such rate or rates, be in such   denominations, be in such form either payable to bearer with coupons  or   registered,  carry  such  registration  privileges,  be executed in such   manner, be payable in such medium of payment, at such  place  or  places   within or without the state, and be subject to such terms of redemption,   with  or  without  premium, as may be provided by any such resolution of   the authority. Any signature, manual or facsimile, of an officer of  the   authority  appearing  on  bonds  or  notes or coupons shall be valid and   sufficient for all purposes whether or not such officer shall then be in   office. The authority may also provide for  the  authentication  of  the   bonds or notes by a trustee or fiscal agent.4.  The  resolution authorizing the issuance of any bonds or notes may   provide that such bonds and notes  may  be  payable  at  such  place  or   places,  within  or without the state, may bear interest at such rate or   rates, may be payable at such time or times, may be  in  such  form  and   evidenced  in  such  manner,  and  may contain such other provisions not   inconsistent herewith, including provisions as  to  reserve  or  sinking   funds,  security  for  the  payment  of  bonds  or  notes, redemption or   refunding of bonds or notes, events of default, remedies of  bondholders   or  noteholders,  appointment  of  trustees  or  fiscal agents, custody,   collection, securing,  investment  and  payment  of  any  money  of  the   authority  and  amendment  or  abrogation of such provisions, all as the   authority shall determine.5. Any bonds or notes of the authority may be sold at  such  price  or   prices,  at public or private sale, in such manner and from time to time   as may be determined by the authority, and the  authority  may  pay  all   expenses,  premiums  and  commissions  which  it  may  deem necessary or   advantageous in connection with the issuance and sale thereof. No  bonds   or  notes  of the authority may be sold at private sale, however, unless   such sale and the terms thereof have been approved in writing by (i) the   comptroller of the state of New York where such  sale  is  not  to  such   comptroller, or (ii) the state director of the budget where such sale is   to such comptroller.6.  The  authority  may  issue  one  or  more series of bonds or notes   whether in connection with or secured by the same or a different project   or  portion  thereof  except  as  may  otherwise  be  provided  in   the   proceedings  under  which  such bonds or notes shall be authorized to be   issued.7. Neither the  members,  directors,  officers  or  employees  of  the   authority  nor  any person executing the bonds or notes of the authority   shall be liable personally on the bonds or notes or be  subject  to  any   personal liability or accountability by reason of the issuance thereof.8.  Issuance  by the authority of one or more series of bonds or notes   for one or more purposes shall not preclude it from issuing other  bonds    or notes in connection with the same sports facility or any other sports   facility,  but  the proceedings whereunder any subsequent bonds or notes   may be issued shall recognize and protect any prior pledge or lease made   for  any  prior  issue  of  bonds  or  notes  unless  in the proceedings   authorizing such prior issue the right is reserved to  issue  subsequent   bonds or notes on a parity with such prior issue.9.  All  bonds or notes authorized under this section and the interest   coupons applicable thereto are hereby made and shall be construed to  be   negotiable instruments.10. The authority shall have power out of any funds available therefor   to  purchase  (as  distinguished  from  the  power  of redemption herein   provided) any bonds  or  notes  of  the  authority,  and  all  bonds  so   purchased shall be cancelled.* NB (Disbanded March, 1980)