reglab/housing_qa huggingface dataset:
NY Pub Auth L § 1207 (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1207 - Notes and Equipment Trusts.

§  1207.  Notes and equipment trusts. 1. The authority may issue notes   in conformity with applicable provisions of the uniform commercial  code   in  anticipation  of the receipt of revenues provided that the aggregate   principal amount of such revenue anticipation notes outstanding  at  any   time shall not exceed ten per cent of the average annual revenues of the   authority.  All  such revenue anticipation notes shall mature within two   years of the date of issue and an installment  or  installments  of  not   less  than  fifty  per  cent of the principal amount of such notes shall   mature in the first fiscal year succeeding the fiscal year in which such   notes are issued. Such notes may be sold at public or private  sale  and   the  city  shall  have  power  to purchase the same from any revenues or   funds of the city other than moneys derived from borrowings.2. The authority shall have power to purchase pursuant to  conditional   sales  agreements  or equipment trust agreements, to lease and otherwise   to acquire subject to a lien for the purchase price, such  equipment  as   it  deems desirable including cars and rolling stock, electric and other   motive power vehicles, automobiles, buses,  and  other  motor  vehicles,   provided,  however,  that  the amount of liabilities which the authority   may incur under this subdivision shall be governed  by  the  limitations   contained  in paragraph b of subdivision one of section eighteen hundred   three of this law and shall in no event exceed such sum of five  million   dollars  in  any  one  fiscal  year  without  the approval of the mayor.   Payment for  such  equipment,  or  rentals  therefor,  may  be  made  in   installments  to a trustee in trust to secure payment of equipment trust   certificates, and provision may be made that  title  to  such  equipment   shall  not  vest in the authority until the equipment trust certificates   are paid, or that such equipment shall be subject to a  lien  to  secure   equipment  trust certificates. Any such agreements, leases and equipment   trust  certificates  shall  contain  such  covenants,   conditions   and   provisions  as  it deems necessary or desirable to insure payment of the   equipment trust certificates.3. The authority may also issue its promissory notes from time to time   in conformity with applicable provisions of the uniform commercial  code   for  the  purpose  of  raising  working  capital  to pay its expenses of   operation. Such promissory notes shall be  general  obligations  of  the   authority, may be secured or unsecured as the authority shall determine,   subject to the prior rights, if any, of the holders of other obligations   of  the  authority, shall mature not later than five years from the date   of issue and shall at no time be  outstanding  in  an  unpaid  principal   amount  in  excess of two hundred million dollars. Such promissory notes   may be sold at public or private sale.
NY Pub Auth L § 1207-A (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1207-A - Purchase of Cars by the Authority and Disposition Thereof.

§  1207-a.  Purchase of cars by the authority and disposition thereof.   1. Notwithstanding the provisions of  sections  twelve  hundred  through   twelve  hundred  twenty-one,  inclusive,  of  this title or of any other   provisions of law to the contrary, but  subject  to  the  provisions  of   section  twelve  hundred seven-j of this title, the authority shall have   power to purchase no more than seven hundred twenty-four  cars  for  the   rapid  transit  lines  under  the  jurisdiction  of the authority and to   finance the purchase price thereof by the issuance of bonds and notes of   the authority in  accordance  with  the  provisions  of  section  twelve   hundred seven-b of this title. Any purchase contract for the purchase of   such  cars  shall  be  made  by  the  authority only upon public letting   founded  on  sealed  bids  in  accordance  with  the   requirements   of   subdivision two of section twelve hundred nine of this title.2.   Title  to  all  cars  purchased  by  the  authority  pursuant  to   subdivision one of this section shall vest in the  authority;  provided,   that,  subject to such agreements with the holders of bonds and notes of   the authority as may then exist, the authority may  from  time  to  time   sell at negotiated sale and transfer to the city, for such consideration   as the authority shall determine and approve, any or all of such cars so   purchased  by  the  authority  as  provided  in  section  twelve hundred   seven-k.
NY Pub Auth L § 1207-C (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1207-C - Required Redemption of Bonds.

§  1207-c.  Required  redemption  of  bonds.  Notwithstanding  and  in   addition to any provisions for the redemption  of  bonds  which  may  be   contained in any contract with the holders of bonds, either the state of   New  York  or  the  city may, upon furnishing sufficient funds therefor,   require the authority to redeem as a whole any issue of the bonds at the   time or times and at the place or places  and  in  accordance  with  the   terms upon which such bonds are redeemable.
NY Pub Auth L § 1207-D (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1207-D - Agreement of the State.

§  1207-d.  Agreement  of the state. The state of New York does hereby   pledge to and agree with the holders of  the  bonds  and  notes  of  the   authority  that  the state will not limit or alter the rights and powers   hereby vested in the authority by this title to fulfill the terms of any   contract made by the authority with such holders or in  any  way  impair   the  rights  and  remedies  of  such holders until such bonds and notes,   together with 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  authority  is  authorized  to  include this pledge and   agreement of the state in any contract with  the  holders  of  bonds  or   notes.
NY Pub Auth L § 1207-E (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1207-E - State and City Not Liable on Bonds or Notes.

§  1207-e.  State and city not liable on bonds or notes. The bonds and   notes of the authority shall not be a debt of the state of New  York  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   authority.
NY Pub Auth L § 1207-F (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1207-F - Bonds and Notes Legal Investments for Fiduciaries.

§  1207-f.  Bonds  and  notes legal investments for fiduciaries.   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,   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. Notwithstanding any  other  provisions  of   law,  the  bonds  and  notes  of  the  authority  are  also  hereby made   securities which may be deposited with and  shall  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 § 1207-G (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1207-G - Exemptions From Taxation.

§  1207-g. Exemptions from taxation. 1. It is hereby found, determined   and declared that the authority and the carrying out  of  its  corporate   purposes  is  in all respects for the benefit of the people of the state   of  New  York,  and  the  authority  will  be  performing  an  essential   governmental  function  in  the exercise of the powers conferred by this   title, and the state of New York covenants with the purchasers and  with   all  subsequent  holders  and  transferees  of  bonds  and  notes of the   authority issued  pursuant  to  this  title,  in  consideration  of  the   acceptance of any payments for such bonds and notes, that such bonds and   notes  of  the  authority  issued  pursuant to this title and the income   therefrom, and all moneys, funds, fares and other  revenues  pledged  to   pay or secure the payment of such bonds and notes, shall at all times be   free  from taxation except for estate taxes and taxes on transfers by or   in contemplation of death.2. Nothing herein shall be construed to repeal or  supersede  any  tax   exemptions heretofore or hereafter granted by general or other laws.
NY Pub Auth L § 1207-I (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1207-I - Rates of Fare While Bonds, Notes and Other Obligations Are Outstanding.

§  1207-i.  Rates of fare while bonds, notes and other obligations are   outstanding. Notwithstanding the provisions of  section  twelve  hundred   five  of  this title or the provisions of any other law to the contrary,   so long as the authority shall have outstanding and unpaid bonds,  notes   or  other  obligations issued pursuant to section twelve hundred seven-b   of  this  title,  or  the  metropolitan  transportation   authority   or   Triborough bridge and tunnel authority shall have outstanding and unpaid   bonds,  notes  or other obligations secured by or payable from, in whole   or in part, the revenues, assets or other monies of the authority or its   subsidiary corporations, the authority shall have the power at all times   to fix or adjust the rate or rates of fare to be charged for the use  of   any  transit  facility operated by the authority as may, in the judgment   of the board, be necessary to produce sufficient revenues to pay, as the   same shall become due, the principal of  and  interest  on  such  bonds,   notes   and   other   obligations   of   the   authority,   metropolitan   transportation authority and Triborough  bridge  and  tunnel  authority,   together  with  the maintenance of proper reserves therefor, in addition   to paying as the same shall become due the expenses of operation of  the   authority.  The  authority,  metropolitan  transportation  authority and   Triborough bridge and tunnel authority, shall be authorized to  contract   with  the holders of such bonds notes and other obligations with respect   to the exercise of the power authorized by this section. In  furtherance   of  the  mandate of the metropolitan transportation authority to develop   and implement a unified mass transportation policy for the  metropolitan   commuter  transportation  district  and  the  exercise  of  its  powers,   including the power to issue notes, bonds and other obligations  secured   in  whole  or  in  part  by  the  revenues  of  the  authority  and  its   subsidiaries,   metropolitan   transportation    authority    and    its   subsidiaries,  and  the  Triborough  bridge  and  tunnel  authority, the   authority shall join with the metropolitan transportation  authority  in   connection  with the establishment, levy and collection of fares, tolls,   rentals, rates,  charges  and  other  fees  for  the  transportation  of   passengers  on  any  transit  facilities  operated  by authority and its   subsidiaries, including any changes thereto.
NY Pub Auth L § 1207-J (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1207-J - Limitation on the Exercise of Powers by Authority and Lease Renewal.

§  1207-j. Limitation on the exercise of powers by authority and lease   renewal. 1. The powers granted  and  conferred  upon  the  authority  by   section  twelve  hundred  seven-a of this title to purchase cars for the   rapid transit lines of the authority,  and  by  section  twelve  hundred   seven-b  of  this title to issue bonds and notes of the authority, shall   not be exercised by the authority unless and until the authority and the   city shall have entered into an agreement for the renewal and  extension   of  the  existing agreement of lease between the city and the authority,   dated June first, nineteen hundred fifty-three, for a term of years. Any   such renewal agreement  may  contain  such  revisions  of  the  existing   agreement  and  such  additional  terms and conditions, not inconsistent   with law, as may be approved by the city and the authority.2. The city, by resolution of the board of estimate or by  instruments   authorized  by such resolution, and the authority shall be authorized to   enter into an agreement for the renewal and extension  of  the  existing   agreement  of  lease between the city and the authority for such term of   years as shall be agreed upon and in  any  such  renewal  and  extension   agreement  the authority may agree to such limitations upon the exercise   of the powers conferred upon  it  by  sections  twelve  hundred  seven-a   through  twelve  hundred  seven-i,  inclusive,  as  the authority in its   discretion shall approve.
NY Pub Auth L § 1207-K (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1207-K - Purchase, Financing and Lease of Cars and Rolling Stock by City.

§  1207-k.  Purchase, financing and lease of cars and rolling stock by   city. 1. Notwithstanding the provisions of any other law, the  city  may   purchase  from  the  authority,  by  negotiation and without competitive   bidding, from time to time, all or any part of the cars acquired by  the   authority  pursuant to section twelve hundred seven-a of this title, and   to pay therefor such price or prices as shall be agreed upon by the city   and the authority  provided,  however,  that  such  funds  paid  to  the   authority  by  the  city  shall  be  used  only for the reimbursement of   principal and interest on the bonds and notes issued by the authority to   finance the cost of such cars.2. Serial bonds and notes may be issued by the city, pursuant  to  the   local  finance  law,  to finance the cost of all cars purchased from the   authority pursuant to subdivision  one  of  this  section.  The  maximum   period  of  probable  usefulness  of  such  object  or purpose is hereby   determined to be twenty-five years.3. All cars purchased by the  city  from  the  authority  pursuant  to   subdivision  one  of  this  section  may  be  leased  by the city to the   authority under the then existing agreement of lease.
NY Pub Auth L § 1207-L (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1207-L - Inconsistent Provisions of Other Acts Superseded.

§ 1207-l. Inconsistent provisions of other acts superseded. Insofar as   the  provisions of section twelve hundred seven-a through twelve hundred   seven-k, inclusive, are inconsistent with any other provisions  of  this   title  or  of  any other act, general or special, or of any local law of   the city, the provisions of  sections  twelve  hundred  seven-a  through   twelve hundred seven-k, inclusive, shall be controlling.
NY Pub Auth L § 1208 (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1208 - Revenue and Accounts.

§  1208.  Revenue  and  accounts. 1. The authority shall establish and   maintain a system of accounts to show at  all  times  the  cost  of  the   several  classes  of property used in operation and the sources of funds   used in the  acquisition  of  such  property;  the  several  classes  of   operating  revenue and other income; maintenance expenses, interest, and   all other charges. To  the  extent  consistent  with  this  title,  such   accounts shall be kept in accordance with the appropriate uniform system   of  accounts  prescribed  by  the public service commission and shall be   published monthly in the city record.2. The moneys of the authority shall be deposited daily in banks to be   designated by the authority. Deposits may be secured by  obligations  of   or  guaranteed  by  the  United  States,  the  state,  or  any municipal   corporation of the state or in such other manner as  the  authority  may   provide,  and  all banks and trust companies are authorized to give such   security for such deposits. The comptroller shall have  the  power  from   time  to  time,  to examine the accounts, books and any other records or   papers relating to the  financial  condition  of  the  authority,  which   examination  shall not preclude examination of such matters by any other   authorized officer or body.3. Payments or withdrawals of moneys of the authority shall be made by   checks drawn and signed by a member or an officer of the authority, duly   authorized by resolution of the board.
NY Pub Auth L § 1211 (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1211 - Members and Employees Not to Be Interested in Contracts.

§  1211.  Members and employees not to be interested in contracts.  It   shall be a misdemeanor for  any  member,  officer  or  employee  of  the   authority to be in any way or manner interested, directly or indirectly,   in any contract made by the authority.
NY Pub Auth L § 1212-A (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1212-A - Security by Authority.

§  1212-a. Security by authority. 1. Each provision of statute or rule   requiring a party to give security for the purpose of procuring an order   of arrest, an injunction order, or a warrant  of  attachment,  or  as  a   condition  of  obtaining  any other relief, or taking any proceeding; or   allowing the court or a judge to require such security to be  given,  is   to  be construed as excluding an action brought by the authority; except   where the security to be given in such an action is specially  regulated   by the provision in question.2.  In  any  action in which the authority shall be excused by statute   from giving security on procuring  an  order  of  arrest,  an  order  of   injunction or a warrant of attachment, the authority shall be liable for   all  damages  that  may  be sustained by the opposite party by reason of   such order of arrest, attachment or injunction, in the same case and  to   the same extent as sureties to an undertaking would have been if such an   undertaking had been given.3. Upon an appeal taken by the authority, the service of the notice of   appeal  perfects  the  appeal and stays the execution of the judgment or   order appealed from, without an undertaking or other security.
NY Pub Auth L § 1213 (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1213 - Report.

§  1213.  Report.  Copies of the annual report required to be made and   submitted pursuant to section twenty-eight hundred of this chapter  also   shall be submitted to the mayor, comptroller and board of estimate.
NY Pub Auth L § 1214 (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1214 - Rapid Transit Law.

§ 1214. Rapid transit law. During any period when the transfer, or any   renewal  thereof,  authorized  by section eighteen hundred three of this   title shall be in effect: 1. Articles five and eight and  sections  ten,   eleven,   twelve,   thirteen,   fourteen,  fifteen,  seventeen,  thirty,   thirty-two, thirty-six, thirty-six-a, thirty-seven, and thirty-eight  of   the rapid transit law shall be suspended.2.  Articles  one,  three,  six,  seven and nine and sections sixteen,   sixteen-a, thirty-one, thirty-three, thirty-four and thirty-five of  the   rapid  transit  law shall continue in force and effect and the authority   shall have and exercise all the functions, powers and duties  heretofore   exercised  by  the  board  of transportation, or any members or officers   thereof, under such articles and sections, provided, however, that where   the provisions of this title shall  be  inconsistent  with  any  of  the   provisions  of  such articles or sections of such law, the provisions of   this title shall govern and control.
NY Pub Auth L § 1215 (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 9 - New York City Transit Authority 1215 - Construction of Terms.

§  1215.    Construction  of terms.   Whenever the term public service   commission, or board of rapid transit railroad commissioners, or transit   construction  commissioner,  or   transit   commission   or   board   of   transportation,  occurs  in  any  law,  contract or document relating to   facilities conveyed to the authority or their  operation  or  any  other   duty  imposed  upon the authority pursuant to this title, or when in any   law, contract or document reference is made to such  commission,  board,   commissioner,  or  board  of  transportation  in  connection  with  such   facilities, operations or duties whereof was so conveyed, such  term  or   reference  shall be deemed to refer to and include the authority, to the   extent consistent with the provisions of such law, contract or document.   For the purposes of subdivision four of section fifty  of  the  workers'   compensation  law,  the  term  other  political subdivision of the state   shall be deemed to refer to and include the authority.  For the purposes   of section three hundred twenty-one of the vehicle and traffic law,  the   term  any  political subdivision shall be deemed to refer to and include   the authority. For the purposes of subparagraph (i) of  paragraph  three   of subsection (c) of section six hundred twelve of the tax law, the term   subdivisions, referring to subdivisions of the state, shall be deemed to   refer  to  and  include  the  Manhattan and Bronx surface transportation   authority.