reglab/statecodes huggingface dataset:
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 1-B - North Country Power Authority › 1021-L - Exemption of the Authority From Taxation.

§  1021-l.  Exemption  of the authority from taxation. 1. It is hereby
  found and declared that the operation of the authority is primarily  for
  the  benefit of the people of the participating municipalities, counties
  and the  state,  for  the  improvement  of  their  health,  welfare  and
  prosperity, and is a public purpose, and the authority shall be regarded
  as  performing  an  essential  governmental function in carrying out the
  provisions of this title.
2. The authority shall be required to pay  no  taxes  nor  assessments
  upon  any  of  the  property  acquired  or  controlled by it or upon its
  activities in the operation  and  maintenance  thereof  or  upon  income
  derived  therefrom,  provided  that  nothing  herein  shall  prevent the
  authority from entering into agreements to  make  payments  in  lieu  of
  taxes.
3.   The   authority   shall   make  payments  in  lieu  of  taxes  to
  municipalities and school districts equal to the taxes  and  assessments
  which would have been received from year to year by such jurisdiction.
4.  The  authority shall also make payments in lieu of taxes for those
  taxes which would  otherwise  be  imposed  upon  a  utility  corporation
  pursuant to: (a) section one hundred eighty-six-a and former section one
  hundred  eighty-six  of  the  tax law as such sections were in effect on
  December thirty-first,  nineteen  hundred  ninety-nine;  (b)  any  taxes
  imposed  by  a  city within the authority's service area pursuant to the
  authorization granted by section twenty-b of the general city  law;  and
  (c)  any  taxes imposed by a village within the authority's service area
  pursuant to authorization granted by section 5-530 of the village law.
5. Notwithstanding the exemption in subdivision two of  this  section,
  the  authority shall also be subject to the assessments imposed pursuant
  to section eighteen-a of the public service law.
6. The securities issued by the authority, and  the  income  therefrom
  shall,  at  all times, be free from taxation, except for estate and gift
  taxes.
7. Nothing in this  article  shall  relieve  the  authority  from  its
  obligations  to  register for sales tax purposes, collect state or local
  sales and compensating use taxes imposed by or pursuant to the authority
  of articles twenty-eight and twenty-nine of the tax law,  and  otherwise
  comply with those articles on its sale of property or services.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 1-B - North Country Power Authority › 1021-M - Actions Against the Authority.

§  1021-m.  Actions  against  the  authority.  1.  Any action, suit or
  proceeding to which the authority may be a party in which  any  question
  arises  as  to  the  validity of this title or the valuation of stock or
  assets acquired by the authority by the exercise of the power of eminent
  domain shall be preferred over all other civil causes in all  courts  of
  the state, except election matters, and shall be heard and determined in
  preference  to all other civil business pending therein, except election
  matters, irrespective of position on the calendar. The  same  preference
  shall  be  granted  upon  application of counsel to the authority in any
  action or proceeding questioning the  validity  of  this  title  or  the
  valuation  of  stock or assets acquired by the authority by the exercise
  of the power of eminent domain in which such counsel may be  allowed  to
  intervene.  The  venue of any such action or proceeding shall be laid in
  the supreme court pursuant to article five of the civil practice law and
  rules.
2. In the event any party shall appeal an award  of  compensation  for
  the  taking by the authority of stock or assets, such party shall post a
  bond in such amount, if any, as the supreme court shall deem appropriate
  to adequately protect the interests of the other  party  under  all  the
  circumstances.
3.  An action against the authority founded on tort shall be commenced
  in compliance with all  the  requirements  of  section  fifty-e  of  the
  general  municipal  law, except that an action against the authority for
  wrongful death shall be commenced in accordance with the  provisions  of
  title  eleven  of  article nine of this chapter. Except in an action for
  wrongful death, an action against the authority for damages for injuries
  to real or personal property, or for the  destruction  thereof,  or  for
  personal  injuries,  alleged  to  have  been  sustained,  shall  not  be
  commenced more than one year and ninety days after the cause  of  action
  therefor shall have accrued.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 1-B - North Country Power Authority › 1021-N - Equal Employment Opportunity.

§  1021-n. Equal employment opportunity. All contracts entered into by
  the authority  pursuant  to  this  title  of  whatever  nature  and  all
  documents  soliciting  bids  or proposals therefor shall contain or make
  reference to the following provision:
The contractor shall not discriminate against employees or  applicants
  for employment because of race, creed, color, national origin, sex, age,
  disability  or  marital  status, and will undertake or continue existing
  programs of affirmative action to ensure that minority group persons and
  women  are  afforded  equal  opportunity  without  discrimination.  Such
  programs  shall include, but not be limited to, recruitment, employment,
  job  assignment,  promotion,  upgrading,  demotion,  transfer,   layoff,
  termination,  rates of pay or other forms of compensation, and selection
  for training and retraining,  including  apprenticeship  and  on-the-job
  training.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 1-B - North Country Power Authority › 1021-O - Limitation of Liability; Indemnification.

§  1021-o. Limitation of liability; indemnification. 1. The directors,
  officers and employees of the authority, while acting within  the  scope
  of  their  authority  as  directors, officers or employees, shall not be
  subject to any personal or civil liability resulting from the  exercise,
  carrying  out  or  advocacy  of any of the authority's purposes or power
  unless the conduct of the directors, officers or  employees  is  finally
  determined   by   a   court  of  competent  jurisdiction  to  constitute
  intentional wrongdoing or recklessness.
2. The provisions of section eighteen of the public officers law shall
  apply  to  directors,  officers  and  employees  of  the  authority   in
  connection   with  any  and  all  claims,  demands,  suits,  actions  or
  proceedings which may be made or brought against any of them arising out
  of any determinations made or actions taken or omitted to  be  taken  in
  compliance with any actions taken pursuant to the powers of this title.
3.  As  used  in  this  section,  the  terms "director", "officer" and
  "employee" shall include a former director, officer or employee and  his
  or her estate or judicially appointed personal representative.
4.   Nothing  in  this  section  shall  limit  the  obligations  of  a
  "director," "officer," or "employee" of the authority or of a subsidiary
  of the authority as a "person required to collect tax," as such term  is
  defined  in  article  twenty-eight  of  the  tax  law, if such director,
  officer or employee is, or was, under a duty to act for the authority or
  subsidiary, or  both,  as  the  case  may  be,  in  complying  with  any
  requirement  of  article  twenty-eight  or  related provision of article
  twenty-nine of the tax law.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 1-B - North Country Power Authority › 1021-P - Website.

§  1021-p. Website. The authority shall make accessible to the public,
  via its official or shared internet website, documentation pertaining to
  its mission, current activities, most recent annual  financial  reports,
  current  year budget and its most recent independent audit report unless
  such information is covered by subdivision two of  section  eighty-seven
  of the public officers law.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 1-B - North Country Power Authority › 1021-Q - Prevailing Wage.

§  1021-q.  Prevailing  wage.  Whenever  the authority enters into any
  contract, subcontract, lease, grant, bond, covenant or  other  agreement
  for  or in connection with any construction, demolition, reconstruction,
  excavation,   rehabilitation,   repair,   renovation,   alteration,   or
  improvement  project,  such project shall be deemed to be a public works
  project for the purposes of article eight of the labor law, and  all  of
  the  provisions of article eight of the labor law shall be applicable to
  all the work involved in the construction,  demolition,  reconstruction,
  excavation,   rehabilitation,   repair,   renovation,   alteration,   or
  improvement of such project. Funds, financial assistance, or  any  other
  benefits  provided pursuant to this article shall not be utilized for or
  in  connection  with  the  construction,   demolition,   reconstruction,
  excavation,   rehabilitation,   repair,   renovation,   alteration,   or
  improvement of any project to which the provisions of article  eight  of
  the labor law are not applicable.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 1-B - North Country Power Authority › 1021-R - Periodic Review by Legislature.

§  1021-r.  Periodic  review by legislature. Beginning in the year two
  thousand fifteen, and not more than  every  ten  years  thereafter,  the
  legislature  of  the  state  of  New  York shall conduct a comprehensive
  review, of the structure, activities and operations of the NCPA, and the
  NCPA  shall  provide  such  records,  reports  and  testimony   as   the
  legislature may request to assist in the conduct of this review.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 1-B - North Country Power Authority › 1021-S - Severability.

§  1021-s.  Severability.  The provisions of this title are severable,
  and if any clause, sentence, paragraph, action or part of this title, or
  the application thereof to any person or circumstance, shall be adjudged
  by any court of competent jurisdiction to be invalid  or  unenforceable,
  such  judgment  shall  not affect, impair or invalidate the remainder of
  this title or the application of such provision to any other  person  or
  circumstance,  but  shall  be  confined  in its operation to the clause,
  sentence, paragraph, section or part thereof or person  or  circumstance
  directly  involved  in the controversy in which such judgment shall have
  been rendered.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1026 - Albany Light, Heat and Power Authority.

* §  1026.  Albany  Light,  Heat  and Power Authority. There is hereby
  defined and established an area in the county of Albany to be  known  as
  the "Albany light, heat and power district," which shall embrace all the
  territory  comprised within the cities of Albany, Cohoes and Watervliet,
  the villages of Ravena, Green Island,  Colonie,  Menands,  Voorheesville
  and  Altamont,  and  the  towns  of  Bethlehem, Coeymans, Colonie, Green
  Island, Guilderland and New Scotland, within such county. Such  district
  may  be extended at any time to include additional territory within such
  county, in the manner provided in section one thousand twenty-eight.
There is also hereby created and established a public corporation,  to
  be  known  as  "Albany  Light, Heat and Power Authority," hereinafter in
  this title referred to as "the authority." The authority shall be a body
  corporate and politic constituting a  public  benefit  corporation,  the
  objects  of  which in the judgment of the legislature cannot be attained
  under general laws. It shall have the power to acquire by  the  exercise
  of  the  right of eminent domain or otherwise such real estate and other
  property as may be necessary, to  sue  and  be  sued,  to  incur  debts,
  liabilities  and  obligations,  to  issue  bonds  and other evidences of
  indebtedness, to have a seal, and to exercise all powers  authorized  by
  this  title  and reasonably necessary for accomplishing its purposes, or
  properly incidental thereto, subject to the provisions herein  contained
  and  to  the  constitution and laws of the United States and of New York
  state. Such powers shall be exercised in the name of the authority. Such
  authority  shall  continue  only  until  July  first,  nineteen  hundred
  sixty-three,  and thereafter until all its liabilities have been met and
  its bonds have been paid in full  or  such  liabilities  or  bonds  have
  otherwise been discharged; provided, however, that no appropriation made
  to  the  authority  by  the  state  of  New  York  or  by  any political
  subdivision thereof, shall be deemed a liability  for  the  purposes  of
  this section.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1027 - Members of Authority.

* § 1027. Members of authority. The members, constituting the board of
  directors of the authority, shall consist of not exceeding five persons,
  to  be  appointed  by  the  board of supervisors of Albany county. Three
  members shall when appointed be residents of  the  city  of  Albany  and
  shall  be  appointed  by  such board on designation of the mayor of such
  city. The term of office of a member shall be five  years,  but  in  the
  first  instance  such members shall be appointed to hold office, one for
  one year, one for two years, one for three years, one for four years and
  one for five years, the term of each  to  be  fixed  by  the  resolution
  making  the  appointment.  Upon  resignation  of  a member, or a vacancy
  occurring in any other manner, it shall be filled by appointment for the
  unexpired term. In other respects  all  vacancies  shall  be  filled  in
  manner  corresponding  to  the  original appointment. Each member before
  entering upon the duties of his office  shall  take  the  constitutional
  oath  of  office, which shall be filed in the office of the secretary of
  state. Three directors shall constitute a quorum for the transaction  of
  business  and  the  concurrence of three directors at a meeting shall be
  necessary to the validity of any resolution, order or determination. Any
  member may be removed by the  board  of  supervisors  for  inefficiency,
  neglect  of  duty  or misconduct in office, after a hearing upon charges
  and an opportunity to be heard in person or by  counsel  upon  not  less
  than ten days' notice. The members shall receive such salary as shall be
  determined by the board of supervisors of the county. They shall receive
  no  reimbursement  for  the ordinary expenses of attending meetings, but
  may by resolution of the board of directors be allowed their expenses of
  a special or extraordinary  nature.  A  member  may  receive  additional
  compensation  to  be  fixed  by  the board of directors, if appointed an
  officer of the authority. The directors of the authority may appoint  an
  executive committee of not less than three members and may delegate full
  powers  to such committee. They may appoint such other committees of not
  less than three members each with such powers as they may provide.  They
  may  elect  one  of  the members as a president and may elect or appoint
  other officers and determine their powers. They  may  by  a  vote  of  a
  majority  of  members  adopt  by-laws  and  provide for their annual and
  regular meetings and for the calling of special meetings. The  treasurer
  of  the  county of Albany shall be ex-officio treasurer of the authority
  and his compensation as such treasurer shall be fixed by  the  board  of
  supervisors.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1028 - Enlargement of District.

* §  1028.  Enlargement  of  district. Whenever it shall appear to the
  board of supervisors that the area included within the  district  should
  be extended it shall adopt a resolution stating the additional territory
  to  be  included which may be all the territory within one or more named
  municipalities or by adequate description a part of any such  territory.
  It  shall  fix the date and hour for a hearing upon the question of such
  extension and cause notice thereof and of the additional territory to be
  included within the district  to  be  published  in  two  newspapers  of
  general  circulation  in  the  county not less than twenty nor more than
  thirty days before such date. At such time  the  board  shall  hear  all
  persons,  taxpayers  or  officials  who  may  wish to be heard and shall
  finally determine the additional territory, if any, to  be  included  in
  such  extension.  Such  determination shall be made by resolution of the
  board adopted by a two-thirds vote thereof. A map  of  the  district  as
  extended shall thereupon be filed in the office of the county clerk.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1030 - Deposit for Temporary Possession of Property.

* §  1030.  Deposit for temporary possession of property. Whenever the
  authority, in any proceedings instituted by it for  the  acquisition  of
  any existing plant or plants by condemnation, shall make application for
  temporary  possession  pursuant to the provisions of section twenty-four
  of the condemnation law, the sum to be fixed by the court  for  deposit,
  as  a  condition  of  granting such application, need not exceed ten per
  centum of the assessed valuation of  the  real  property  sought  to  be
  acquired in such proceeding as such assessed valuation appeared upon the
  last   assessment   rolls  for  state  or  county  taxes  prior  to  the
  commencement of such proceeding.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1031 - Properties Acquired by the Authority.

* §   1031.  Properties  acquired  by  the  authority.  The  board  of
  supervisors, when appointing  the  authority,  may  adopt  a  resolution
  providing, or it may by later agreement with the authority provide, that
  all  properties  acquired  by  the  authority  shall  be  acquired in or
  transferred to the name of the county or taken and held by the authority
  as a governmental agency of the county. The board of supervisors may  at
  such  time  or by a later resolution provide that the county shall raise
  all or any part of the money necessary for the purposes  of  this  title
  and  may  provide  a  fund  from which appropriations may be made by the
  board of supervisors for the acquisition, construction and equipment  of
  such properties, and to pay all costs, charges, expenses and liabilities
  incurred  or  to  be  incurred by the authority, or which the county may
  properly advance to the authority for the purposes of  this  title.  The
  county  shall be reimbursed out of the revenues of the authority for any
  moneys so paid. In  making  advances  to  the  authority  the  board  of
  supervisors  may require a resolution of the authority and agreements by
  it pledging the revenues of the authority to the county  and  giving  to
  the  county  a prior charge upon such revenues substantially as provided
  under section one thousand thirty-five, and limiting the  power  of  the
  authority  including the power to issue any obligations of its own under
  this title. Whenever the authority shall be and continue in default  for
  a  period  exceeding  thirty  days in meeting any obligation it may have
  assumed to the county, the board shall also have power by resolution  to
  remove  any  one or more or all of the members and to fill the vacancies
  caused thereby.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1032 - Power to Furnish Service Within District.

* §  1032.  Power  to  furnish  service within district. The authority
  shall have power to construct or acquire, by purchase  or  condemnation,
  or  to  lease,  and  to  equip,  own  and operate, within or without the
  territorial limits of the county, any plant, works,  structures,  poles,
  lines,  wires, conduits, mains, systems, waterpower, franchises, and any
  and all other real  and  personal  property,  used,  connected  with  or
  appertaining   to   the   manufacture,   conveying,  transportation  and
  furnishing of gas, whether natural or manufactured or a mixture of both,
  for light,  heat  and  power  and  in  the  generation,  furnishing  and
  transmission  of  electric  current  for  light, heat and power, for the
  purpose of furnishing such service to the county and to any municipality
  or district and to persons in such district, including the state capitol
  and the branches, departments and offices of the state  government;  and
  also,  for  such  purpose, to purchase gas or electrical energy from the
  state of New York, or from any state agency, or  from  any  municipality
  within  or  outside  of  the  county,  or  from  any  private  or public
  corporation.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1033 - Power to Contract With Municipalities Within District.

* §  1033.  Power to contract with municipalities within district. The
  authority shall also have power to contract with the governing  body  of
  any  municipality  within  the district with a view to the construction,
  acquisition, maintenance and operation of any such service for or within
  such municipality and except in the case of towns when so authorized  by
  the  board  of  supervisors  it shall not have power to furnish any such
  service within any municipality except by agreement with  the  governing
  body thereof. In any such contract with a municipality the authority may
  agree  with  respect  to  the  rates  for services and any other matters
  necessary or incidental to construction,  acquisition,  maintenance  and
  operation  therein.  It  may,  if  it  seems  to it necessary or proper,
  provide for the collection of its revenue by the municipality and for an
  accounting between it and the municipality, and for compensation to  the
  municipality for its services. It may likewise, with the approval of the
  board of supervisors, agree upon a basis by which all or any part of its
  properties,  rights  and  interests  in such municipality, including any
  properties taken or held in the name of the county,  may  thereafter  be
  acquired by and transferred to such municipality. In any agreement as to
  rates,  the  power  shall  be  deemed  to  be  reserved,  whether or not
  expressed, to charge adequate rates to properly operate and maintain any
  such service  and  to  pay  any  bonds  and  other  obligations  of  the
  authority, including any obligation to the county under this title.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1034 - Sale of Surplus.

* §  1034.  Sale  of  surplus. Whenever the productive capacity of the
  plants and  properties  of  the  authority  together  with  any  gas  or
  electrical  energy  which  it  may acquire from other sources, creates a
  surplus over the amount of  light,  heat  and  power,  in  any  of  such
  services,  required  by the municipalities and residents of the district
  to which such service is contracted, the authority may sell such surplus
  in territory outside the district, either within or outside the  county,
  to  persons,  public or private corporations or other municipalities. In
  acquiring, by purchase or condemnation, any plant  or  property  in  the
  district  which  also  serves  any municipality or territory outside the
  district, the authority, if it deems it advantageous and  economical  so
  to  do,  may, with the approval of the public service commission and the
  consent of the board of supervisors,  serve  any  such  municipality  or
  territory  or  sell  gas,  heat,  power or electrical energy to persons,
  public  or  private  corporations  in  such   territory   or   to   such
  municipality.  The authority shall not in any case duplicate any service
  already existing in any municipality or territory outside the  district,
  without the approval of the public service commission.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1035 - Bonds of the Authority.

* §   1035.  Bonds  of  the  authority.  The  bonds,  certificates  of
indebtedness and other obligations of the authority, unless disposed  of
to   the  Reconstruction  Finance  Corporation,  the  federal  emergency
administrator of public works or any other federal agency, shall be sold
at public sale at  not  less  than  par.  A  resolution  or  resolutions
authorizing  any  such obligations may contain provisions which shall be
part of the contract with the holders thereof, which provisions may:
(a) pledge the revenues of the authority to secure the payment of such
bonds and agree to maintain adequate rates for such purposes;
(b) give to any such bonds a prior charge upon such revenues;
(c) require such revenues to  be  set  aside  for  sinking  funds  and
reserve funds, safeguarding the deposit, use and investment thereof;
(d)  limit  or  restrict  the  power of the authority under this title
insofar as the same may be deemed advisable to  secure  the  payment  of
such bonds;
(e)  limit  the power of the authority to issue additional obligations
or restrict such power by relation to the revenues of the authority  and
with  respect  to  the  purposes  thereof and the use of the proceeds or
otherwise;
(f) authorize the appointment of a trustee or receiver as provided  in
section  one  thousand forty, limit the rights of bondholders to enforce
their bonds by independent action, and in the event  of  a  receivership
require the return of all properties to the authority when the bonds are
paid or redeemed and all costs paid;
(g)  contain  any  other  provisions  reasonably  necessary  or deemed
advisable to secure and provide for the payment of said  bonds  and  the
rights and remedies of the holders thereof;
(h)  provide  for  the  form  of  such  bonds,  coupon,  registered or
registerable coupon, and for ascertaining the owners or holders  thereof
for any purpose under section one thousand forty or;
(i)  provide  for the amendment of any such resolution in any respect,
and the amount of bonds the holders of which  must  consent  thereto  or
whose  objection  thereto  after published or written notice may prevent
such amendment.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1036 - Referendum.

* § 1036. Referendum. No bonds shall be issued under this title by the
  authority  in  an aggregate amount at any time outstanding exceeding ten
  million dollars. No such bonds shall be issued by the authority  without
  the approval of a majority of the electors of the district voting on the
  question  of  such approval. Such question may be submitted by the board
  of supervisors either at a general election or a special election called
  for such purpose. The question submitted to the electors of the district
  shall be: "Shall the authority  issue  not  exceeding  (filling  in  the
  amount)  dollars  bonds under the Albany Light, Heat and Power Authority
  Act?" If such proposition is adopted,  the  authority  may  issue  bonds
  under  the  power  so  given.  The  submission  of such question and the
  conduct of and canvass of  the  votes  cast  at  such  election  in  the
  district  shall be provided for by the board of supervisors as nearly as
  may be in accordance with the provisions of the election law. Notice  of
  the  submission of such question and a general statement of the purposes
  to which the proceeds of the bonds are to be applied shall be  published
  in  the  official  newspapers  of the county, designated by the board of
  supervisors, once a  week  for  six  weeks  immediately  preceding  such
  election. At any time prior to the election at which such question is to
  be submitted to the electors for approval, the board of supervisors may,
  not  later  than fifteen days prior to such election, rescind its action
  in submitting the same whereupon such question shall not be submitted at
  such election, or, if submitted, the vote of the electors thereon  shall
  be  without  effect.  Neither  the  submission  of such question nor the
  validity or result of such election shall be questioned in any court  or
  elsewhere  except  in  an  action or proceeding commenced not later than
  twenty days after the determination of such result by the  county  board
  of  canvassers  has  been  filed  in  the  office of the county board of
  elections.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1037 - State and County Not Liable on Bonds.

* §  1037.  State  and county not liable on bonds. The bonds and other
  obligations of the authority shall not be a debt of the state or of  the
  county,  and, subject to section one thousand forty-one, the board shall
  have no power to make them payable out of any funds except those of  the
  authority.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1038 - When Bonds Legal Investments for Fiduciaries.

* §  1038.  When bonds legal investments for fiduciaries. On or before
  January first of each year commencing with  the  year  nineteen  hundred
  thirty-six,  the comptroller shall file with the superintendent of banks
  his certificate stating the average annual revenues of the authority, or
  of the properties acquired or to be acquired by the authority,  for  the
  then  preceding  five  years, as the case may be, and the maximum amount
  required in any future year to meet the interest and maturing  principal
  of  the  outstanding obligations of the authority. If in his opinion the
  obligations of the authority are on the facts so determined and  in  his
  judgment  sufficiently  secured  to constitute a suitable investment for
  the  public  funds  of  the  state,  he  shall  so  certify,  but   such
  certification  may  later  be  withdrawn  by him. If and so long as such
  average annual revenues exceed one  and  one-third  times  such  maximum
  amount   so  certified,  and  the  comptroller's  certificate  that  the
  obligations of the authority constitute a suitable investment for public
  funds shall be in effect, the comptroller and all other public  officers
  and   bodies  of  this  state  and  all  municipalities,  districts  and
  subdivisions, all insurance  companies  and  associations,  all  savings
  banks and savings institutions, including savings and loan associations,
  administrators,  guardians, executors, trustees and other fiduciaries in
  the state may properly and legally invest funds in their control in such
  obligations.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1039 - Exemption From Taxation.

* §  1039.  Exemption from taxation. The real and personal property of
  the authority shall be exempt from all taxation, and so shall all of its
  activities and operations, except that the owners of its bonds and other
  obligations shall be subject to transfer and estate taxes.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1041 - County May Levy Tax Within District.

* § 1041. County may levy tax within district. Should it appear to the
  board of supervisors at any time that the revenue of the authority is or
  will  be  insufficient  to  provide  for the payment of any bonds issued
  under this title and to reimburse the county for any moneys that it  may
  have advanced to the authority, the board of supervisors shall determine
  the  amount  of money necessary to be raised for such purpose, and shall
  levy a tax on the territory of the district and upon the several parcels
  of real estate in the district in an amount sufficient  to  produce  the
  amount necessary to be raised as aforesaid; provided that such tax shall
  not  be  levied  to  pay any bonds of the authority unless the authority
  with the consent of the board of supervisors has pledged such tax  prior
  to  the issuance of such bonds. Such tax shall be levied and apportioned
  upon such territory and collected  from  the  several  parcels  of  real
  estate in the district in like manner as other county taxes.
It  is hereby determined that the liability imposed upon the territory
  included in the district is based  upon  the  special  benefit  to  such
  territory  accruing  under  this  title  and  that  the tax to be levied
  because of such liability and in proportion to the taxable value of real
  estate in such territory will be in proportion to such benefits.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1042 - Examination by Comptroller.

* §  1042.  Examination  by comptroller. The state comptroller and his
  legally authorized representatives are hereby authorized  and  empowered
  from time to time and when requested by the authority the comptroller is
  hereby  directed,  to  examine  the accounts and books of the authority,
  including its receipts, disbursements, contracts, leases, sinking funds,
  investments and any other matters relating to its financial standing.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1043 - Title Not Affected if in Part Unconstitutional or Ineffective.

* §   1043.   Title  not  affected  if  in  part  unconstitutional  or
  ineffective.  If any section, clause or provision of this title shall be
  unconstitutional or be ineffective in whole or in part, in its terms  or
  in  its  operation,  to  the  extent  that it is not unconstitutional or
  ineffective it shall be valid and effective and no other section, clause
  or provision shall on account thereof be deemed invalid or ineffective.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2 - Albany Light, Heat and Power Authority › 1044 - Inconsistent Provisions in Other Acts Superseded.

* §  1044. Inconsistent provisions in other acts superseded. In so far
  as the provisions of this title are inconsistent with the provisions  of
  any other act, general or special, the provisions of this title shall be
  controlling.
* NB Terminated July 1, 1963
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2-A - New York City Municipal Water Finance Authority › 1045-E - Approval of Water Projects.

§  1045-e.  Approval  of water projects. The authority shall not enter
  into any contract or agreement with the city or  the  water  board  with
  respect  to  the  financing of any water project pursuant to section one
  thousand forty-five-i of this title, unless the  state  commissioner  of
  environmental  conservation  and  the state commissioner of health shall
  have completed all statutory reviews and approvals with respect to  such
  project  which,  as  of  the  date  of  such  contract or agreement, are
  required by law. Nothing herein shall be construed to diminish the  full
  authority  and  responsibility  of  each  department  of  the  state for
  statutory reviews and approvals.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2-A - New York City Municipal Water Finance Authority › 1045-K - Tax Exemption of the Water Board Property and Activities.

§ 1045-k. Tax exemption of the water board property and activities. 1.
  It  is  hereby  determined  that  the  creation of a water board and the
  carrying out of its corporate  purposes  is  in  all  respects  for  the
  benefit of the city and is a public purpose and the water board shall be
  regarded  as  performing  a governmental function in the exercise of the
  powers conferred upon it by this title and shall not be required to  pay
  any  taxes,  special  ad  valorem levies or special assessments upon any
  real property owned by it or any filing, recording or transfer  fees  or
  taxes in relation to instruments filed, recorded or transferred by it or
  on  its  behalf.  The water board shall be deemed a public authority for
  the purposes of section four hundred twelve of  the  real  property  tax
  law.
2. Notwithstanding the provisions of subdivisions one and four of this
  section,  any  real  property  of  the  water  board located outside the
  boundaries of the city, shall be  exempt  from  the  payment  of  taxes,
  special  ad  valorem  levies  and special assessments only if and to the
  extent that such real property would have been exempt if  owned  by  the
  city.
3.  Notwithstanding any provision in this section to the contrary, the
  water board may pay, or may enter into agreements with any  municipality
  to  pay,  a  sum  or  sums,  annually  or otherwise, or to provide other
  considerations to such municipality, with respect to  real  property  of
  the  water  board located within such municipality and provided that any
  such payment or agreement to pay shall be subject  to  approval  by  the
  authority.
4.  The  water  board  shall not be required to pay any taxes or other
  governmental fees or charges,  whether  imposed  by  the  state  or  any
  municipality,  including without limitation franchise taxes, sales taxes
  or other excise taxes, or any other tax or charge upon its  property  or
  activities or upon any of its revenues or other income.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2-A - New York City Municipal Water Finance Authority › 1045-L - Pledge Effective Without Filing or Recording.

§  1045-l. Pledge effective without filing or recording. Any provision
  of the uniform commercial code  to  the  contrary  notwithstanding,  any
  pledge  of  or  other  security  interest  in revenues or other personal
  property made or created by the authority, the water board or  the  city
  pursuant to this title shall be valid, binding and perfected against all
  parties having claims of any kind in tort, contract or otherwise against
  the  authority,  the  water  board  or  the  city,  as  the case may be,
  irrespective of whether or not such  parties  have  notice  thereof.  No
  instrument  by which such pledge or security interest is created nor any
  financing statement need be recorded or filed.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2-A - New York City Municipal Water Finance Authority › 1045-M - Governmental Capacity of the Authority, the Water Board and the City.

§  1045-m. Governmental capacity of the authority, the water board and
  the city. The authority, the water board and the city  in  carrying  out
  their  respective powers and duties under this title, shall be deemed to
  be acting in a governmental  capacity  and  in  the  performance  of  an
  essential governmental function.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2-A - New York City Municipal Water Finance Authority › 1045-N - Transfer of Officers and Employees to and From City and State Agencies; Retirement Rights of Officers and Employees.

§  1045-n.  Transfer  of  officers  and employees to and from city and
  state agencies; retirement rights of officers and employees.    Officers
  and  employees  of  city  and  state  agencies may be transferred to the
  authority or water board and officers and employees of the authority  or
  water  board  may  be transferred to appropriate city and state agencies
  without examination and without loss of any civil service or  retirement
  status  or  rights.  Any  officer  or employee of the authority or water
  board who heretofore acquired or shall hereafter acquire  such  position
  status  by transfer and who at the time of such transfer was a member of
  the New York city employees' retirement system shall continue  to  be  a
  member  of  such  system as long as he or she continues in such service,
  and shall continue to have all the rights, privileges and obligations of
  membership in such system. Employment by the authority  or  water  board
  shall  constitute  city-service for the purposes of chapter one of title
  thirteen of the administrative code of the city of New  York.  Transfers
  shall  be in accordance with section seventy of the civil service law or
  the rules of the civil service commission of the city, as the  case  may
  be.  No such transfer shall be made except with the approval of the head
  of the agency involved, the director of the division of  the  budget  or
  the  director  of management and budget of the city, as the case may be,
  and the chairman of the authority or water board, as applicable, and  in
  compliance   with  the  rules  and  regulations  of  the  civil  service
  commission of the city or the state, as the case may be.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2-A - New York City Municipal Water Finance Authority › 1045-P - Remedies of Bondholders.

§  1045-p.  Remedies  of  bondholders.  Subject  to  any resolution or
resolutions adopted pursuant to paragraph (i)  of  subdivision  four  of
section one thousand forty-five-o of this title:
1.  In  the  event  that the authority shall default in the payment of
principal of or interest on any issue of  bonds  after  the  same  shall
become  due,  whether  at maturity or upon call for redemption, and such
default shall continue for a period of thirty days, or in the event that
the authority shall fail or refuse to comply with the provisions of this
title or shall default in any agreement made with  the  holders  of  any
issue  of  bonds,  the  holders  of  twenty-five  percent  in  aggregate
principal amount of  the  bonds  of  such  issue  then  outstanding,  by
instrument  or  instruments filed in the office of the clerk of the city
and proved or acknowledged in the same manner as a deed to be  recorded,
may  appoint  a  trustee  to represent the holders of such bonds for the
purpose herein provided.
2. Such trustee may, and  upon  written  request  of  the  holders  of
twenty-five  per  centum  in  principal amount of such bonds outstanding
shall, in his or its own name:
(a) by action or proceeding in accordance with the civil practice  law
and  rules,  enforce  all  rights  of  the  bondholders  and require the
authority to carry out any other agreements with  the  holders  of  such
bonds and to perform its duties under this title;
(b) bring an action or proceeding upon such bonds;
(c) by action or proceeding, require the authority to account as if it
were the trustee of an express trust for the holders of such bonds;
(d)  by  action  or proceeding, enjoin any acts or things which may be
unlawful or in violation of the rights of the holders of such bonds; and
(e) declare all such 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  bonds  then  outstanding,  annul
such declaration and its consequences.
3.  Such  trustee  shall in addition to the foregoing have and possess
all of the powers necessary or  appropriate  for  the  exercise  of  any
functions  specifically  set  forth  herein  or  incident to the general
representation of bondholders in the enforcement and protection of their
rights.
4. The  supreme  court  shall  have  jurisdiction  of  any  action  or
proceeding  by  the  trustee on behalf of such bondholders. The venue of
any such action or proceeding shall be laid in the county of New York.
5. Before declaring the  principal  of  bonds  due  and  payable,  the
trustee  shall  first  give  thirty  days'  notice  in  writing  to  the
authority.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2-A - New York City Municipal Water Finance Authority › 1045-Q - State, City and Water Board Not Liable on Authority Bonds.

§  1045-q.  State, city and water board not liable on authority bonds.
  Neither the state, nor the city, nor the water board nor any subdivision
  thereof shall be liable on the bonds of the  authority  and  such  bonds
  shall not be a debt of the state, the city or such water board.
2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 2-A - New York City Municipal Water Finance Authority › 1045-R - Moneys of the Authority.

§  1045-r.  Moneys  of the authority. All moneys of the authority from
  whatever source derived shall be paid to the treasurer of the  authority
  and  shall  be  deposited  forthwith  in  a  bank  or banks in the state
  designated by the authority. The moneys in such accounts shall  be  paid
  out  on  check  of the treasurer upon requisition by the chairman of the
  authority or of such other officer or  officers  as  the  authority  may
  authorize  to  make such requisitions. All deposits of such moneys shall
  be secured by obligations of or guaranteed by the United States,  or  of
  the  state  or  of  the city of a market value equal at all times to the
  amount on deposit and all banks and trust companies  are  authorized  to
  give  such  security  for such deposits. The authority shall have power,
  notwithstanding the provisions of this section,  to  contract  with  the
  holders of any bonds as to the custody, collection, security, investment
  and  payment  of any moneys of the authority or any moneys held in trust
  or otherwise for the payment of bonds or in any  way  to  secure  bonds.
  Moneys held in trust or otherwise for the payment of bonds or in any way
  to  secure  bonds and deposits of such moneys may be secured in the same
  manner as moneys of the authority and all banks and trust companies  are
  authorized to give such security for such deposits.