reglab/statecodes huggingface dataset:
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 10-B - Upper Mohawk Valley Memorial Auditorium Authority › 1948 - Moneys of the Authority.

§  1948.  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 trust company in the state
  designated  by  the governing body. The moneys in such accounts shall be
  paid out on check of the treasurer upon  requisition  by  the  governing
  body  or  of  such  other  person  or  persons as the governing body may
  authorize to make such requisitions. All deposits of such  moneys  shall
  be  secured  by  obligations  of  the United States or of the state 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.  To  the  extent  practicable,  consistent   with   the   cash
  requirements  of  the  authority,  all such moneys shall be deposited in
  interest   bearing   accounts.   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, and
  to carry out any such contract notwithstanding that such contract may be
  inconsistent  with  the provisions of this section. Moneys held in trust
  or otherwise for the payment of bonds or in any way to secure  bond  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.  Any  moneys  of  the authority not
  required for immediate use or disbursement may, at the discretion of the
  authority, be invested in those obligations specified  pursuant  to  the
  provisions  of  section ninety-eight-a of the state finance law. Subject
  to the provisions of any contract with bondholders and with the approval
  of the comptroller, the authority shall prescribe a system of accounts.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 10-B - Upper Mohawk Valley Memorial Auditorium Authority › 1949 - Bonds Legal Investments for Fiduciaries.

§  1949.  Bonds  legal investments for fiduciaries.   The bonds of the
  authority are hereby made securities in which all public  officials  and
  bodies  of the state and all municipalities, 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,
  and administrators, guardians, executors, trustees and other fiduciaries
  and all other persons whatsoever,  who  are  not  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 inconsistent provision of law,
  the bonds 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 for any purposes for which the deposit  of  bonds  or
  other obligations of this state is now or hereafter may be authorized.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 10-B - Upper Mohawk Valley Memorial Auditorium Authority › 1949-A - Agreement With State.

§  1949-a.  Agreement  with state. The state does hereby pledge to and
  agree with the holders of any bonds issued by the authority pursuant  to
  this  title  and with those persons or public corporations who may enter
  into contracts with the authority pursuant to  the  provisions  of  this
  title  that  the state will not alter, limit or impair the rights hereby
  vested in  the  authority  to  purchase,  construct,  own  and  operate,
  maintain, repair, improve, reconstruct, renovate, rehabilitate, enlarge,
  increase  and extend, or dispose of the auditorium, or any part or parts
  thereof for which bonds of the authority  shall  have  been  issued,  to
  establish  and  collect rates, rents, fees and other charges referred to
  in this title, to fulfill the terms of any contracts or agreements  made
  with  or  for  the benefit of the holders of bonds or with any person or
  public corporation with reference to such project or part thereof, or in
  any way to impair the rights and remedies of the holders of bonds, until
  the bonds, together with interest thereon,  including  interest  on  any
  unpaid   installments  of  interest,  and  all  costs  and  expenses  in
  connection with any action or proceeding by or on behalf of the  holders
  of  bonds,  are  fully  met  and discharged and such contracts are fully
  performed on the part of the authority. The authority is  authorized  to
  include this pledge and agreement of the state in any agreement with the
  holders of bonds.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 10-B - Upper Mohawk Valley Memorial Auditorium Authority › 1949-B - Tax Exemption and Tax Contract by the State.

§ 1949-b. Tax exemption and tax contract by the state. 1. It is hereby
  determined  that  the  creation of 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 is a public purpose. Accordingly, the
  authority shall be regarded  as  performing  an  essential  governmental
  function  in the exercise of the powers conferred upon it by this title,
  and the authority shall not be required to pay any fees, taxes,  special
  ad  valorem  levies  or assessments of any kind, whether state or local,
  including but not limited to fees, taxes, special ad valorem  levies  or
  assessments  on  real  property,  franchise  taxes, sales taxes or other
  taxes, upon or with respect to any property owned by  it  or  under  its
  jurisdiction,  control or supervision, or upon the uses thereof, or upon
  or with respect to its activities or operations in  furtherance  of  the
  powers  conferred  upon  it by the title, or upon or with respect to any
  fares, tolls, rentals, rates, charges, fees, revenues  or  other  income
  received  by  the  authority. Notwithstanding the previous sentence, the
  authority shall be required to pay water and pure water fees or  charges
  as  may  be negotiated by any public corporation. The construction, use,
  occupation or possession of any property owned by the authority  or  the
  county,   including  improvements  thereon,  by  any  person  or  public
  corporation under a lease, lease and sublease  or  any  other  agreement
  shall  not  operate  to  abrogate  or  limit  the  foregoing  exemption,
  notwithstanding that the lessee, user, occupant or person in  possession
  shall claim ownership for federal income tax purposes.
2.  Any  bonds  issued pursuant to this title together with the income
  therefrom shall at all times be exempt from taxation.
3. The state hereby  convenants  with  the  purchasers  and  with  all
  subsequent  holders  and  transferees  of  bonds issued by the authority
  pursuant to this title,  in  consideration  of  the  acceptance  of  and
  payment  for  the bonds, that the bonds of the authority issued pursuant
  to this title and the income therefrom and  all  revenues,  monies,  and
  other  property  pledged  to  pay or to secure the payment of such bonds
  shall at all times be free from taxation.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 10-B - Upper Mohawk Valley Memorial Auditorium Authority › 1949-D - Contracts.

§  1949-d.  Contracts.  All contracts for construction shall be let by
  the authority in conformity with the applicable  provisions  of  section
  one  hundred  thirty-five  of  the state finance law and shall be let in
  accordance with the provisions of state  law  pertaining  to  prevailing
  wages, labor standards and working hours.
The authority may, in its discretion, assign contracts for supervision
  and  coordination  to  the successful bidder for any subdivision of work
  for which the authority receives bids. The authority shall not award any
  construction contract except to the lowest bidder who, in  its  opinion,
  is  qualified  to  perform  the work required and who is responsible and
  reliable. The authority may, however, reject any or all  bids  or  waive
  any informality in a bid if it believes that the public interest will be
  promoted  thereby. The authority may reject any bid if, in its judgment,
  the business and technical  organization,  plant,  resources,  financial
  standing,  or  experience of the bidder justifies such rejection in view
  of the work to be performed.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 10-B - Upper Mohawk Valley Memorial Auditorium Authority › 1949-G - Transfer of Officers and Employees.

§  1949-g.  Transfer  of officers and employees. 1. In accordance with
  the provisions of section seventy of the civil service law, any  officer
  or  employee  of the city, may, at the request of the authority and with
  the consent of the mayor of the city, be transferred  to  the  authority
  and shall be eligible for such transfer and appointment, without further
  examination,  to  applicable offices, positions and employment under the
  authority.  Any  such  officers  or  employees  so  transferred  to  the
  authority  pursuant to this section, who are members of or benefit under
  any existing pension or retirement fund or  system,  shall  continue  to
  have all rights, privileges, obligations and status with respect to such
  fund  or  system  as are now prescribed by law, but during the period of
  their employment by the authority, all contributions to  such  funds  or
  systems  to  be  paid  by  the  employer  on account of such officers or
  employees shall be paid by the authority.
2.  A  transferred  employee  shall  remain  in  the  same  collective
  bargaining  unit as was the case prior to his or her transfer; successor
  employees to the positions held by  such  transferred  employees  shall,
  consistent  with the provisions of article fourteen of the civil service
  law, be included in the  same  unit  as  their  predecessors.  Employees
  serving  in  positions  in newly created titles shall be assigned to the
  same collective bargaining unit as they would have been assigned to such
  unit were  such  titles  created  prior  to  the  establishment  of  the
  authority.  Nothing  contained  in  this title shall be construed (a) to
  diminish the rights of employees pursuant  to  a  collective  bargaining
  agreement  or  (b) to affect existing law with respect to an application
  to the public employment relations board seeking a  designation  by  the
  board that certain persons are managerial or confidential.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 10-B - Upper Mohawk Valley Memorial Auditorium Authority › 1949-H - Audit and Annual Report.

§  1949-h. Audit and annual report.  In conformity with the provisions
  of section five of article ten of the constitution, the accounts of  the
  authority  shall be subject to the supervision of the comptroller and an
  annual audit shall be performed by an independent certified  accountant.
  The  authority shall annually submit to the governor and comptroller and
  to the chairs  of  the  senate  finance  and  assembly  ways  and  means
  committees  a  detailed report pursuant to the provisions of section two
  thousand eight hundred of this chapter, and a copy of such report  shall
  be filed with the clerk of the county and city.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 10-B - Upper Mohawk Valley Memorial Auditorium Authority › 1949-I - Limited Liability.

§  1949-i.  Limited  liability.   Neither the members of the governing
  body of the authority, nor any  officer  or  employee  acting  in  their
  behalf    shall  be subject to any personal liability resulting from the
  construction, maintenance or operation of any of the properties  of  the
  authority or from carrying out any of the powers expressly given in this
  title;  provided,  however, that this section shall not be held to apply
  to any independent contractor.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 10-B - Upper Mohawk Valley Memorial Auditorium Authority › 1949-J - Separability.

§  1949-j.  Separability. If any clause, sentence, paragraph, section,
  or part of this title shall  be  adjudged  by  any  court  of  competent
  jurisdiction  to  be  invalid, such judgment shall not affect, impair or
  invalidate the remainder thereof, but shall be confined in its operation
  to the clause, sentence, paragraph, section, or part thereof involved in
  the controversy in which such judgment shall have been rendered.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 10-B - Upper Mohawk Valley Memorial Auditorium Authority › 1949-K - Effect of Inconsistent Provisions.

§  1949-k.  Effect  of  inconsistent  provisions.    In  so far as the
  provisions of this title are inconsistent with  the  provisions  of  any
  other  act,  general or special, or of any charter, local law, ordinance
  or resolution of any municipality, the provisions of this title shall be
  controlling.  Nothing  contained  in  this  section  shall  be  held  to
  supplement  or  otherwise  expand  the powers or duties of the authority
  otherwise set forth in this title. Except as specifically  provided  for
  in  this  title,  in the performance of any of its functions, powers and
  duties, the authority shall be subject  to  all  applicable  general  or
  special  laws  of  the  state,  the  county  charter, and any local law,
  ordinance or resolution of the county.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1952 - Troy Industrial Development Authority.

§  1952. Troy industrial development authority. A board to be known as
  the "Troy industrial development  authority"  is  hereby  created.  Such
  board  shall  be  a  body  corporate  and politic, constituting a public
  benefit  corporation  and  its  existence  shall   commence   upon   the
  appointment of the members as herein provided. Its members shall consist
  of  a  chair  and eight other members, all of whom shall be appointed by
  the mayor of the city for a term of three years, and shall  include  two
  members  of  the  common  council of the city, one representative of the
  city school board, and one representative from each  of  the  fields  of
  business,  industry  and  labor. Every appointment to the board shall be
  subject to confirmation by the common council of the city. The chair and
  each  member  shall  continue  to  serve  until  the   appointment   and
  confirmation  of his or her successor. Vacancies in such board occurring
  otherwise than by expiration of term shall be filled  by  the  mayor  by
  appointment for the unexpired term subject to confirmation by the common
  council of the city. The mayor may remove the chair or any member of the
  board  for  inefficiency, neglect of duty or misconduct in office, after
  giving him or her a copy of the  charges  against  him  or  her  and  an
  opportunity  of  being  heard  in  person,  or by counsel, in his or her
  defense upon not less than  ten  days'  notice.  Such  removal  must  be
  approved by the city council of the city. The members of the board shall
  be  entitled to no compensation for their services but shall be entitled
  to reimbursement for their actual and necessary expenses incurred in the
  performance of their official duties. Notwithstanding  any  inconsistent
  provisions  of law, general, special or local, no officer or employee of
  the city shall be deemed to have forfeited or shall forfeit his  or  her
  office or employment by reason of his or her acceptance of membership on
  the  board created by this section, provided, however, that a member who
  holds such other public office or employment shall receive no additional
  compensation or allowance for services rendered pursuant to this  title,
  but  shall  be  entitled  to  reimbursement  for  his  or her actual and
  necessary expenses incurred in the performance  of  such  services.  The
  power of the authority shall be vested in and exercised by a majority of
  the  members  of  the board. Such a board may delegate to one or more of
  its members, or to its officers, agents and employees, such  powers  and
  duties  as  it  may  deem proper. Such board and its corporate existence
  shall continue in accordance with section nineteen  hundred  sixty-seven
  of  this  title.  Upon  its  ceasing to exist, all rights and properties
  shall pass to and be vested in the city.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1952-A - Video Recordings of Open Meetings and Public Hearings.

§  1952-a.  Video recordings of open meetings and public hearings. The
  authority shall, to the extent practicable, stream all open meetings and
  public hearings on its website in real-time. The  authority  shall  post
  video recordings of all open meetings and public hearings on its website
  within  five  business days of the meeting or hearing and shall maintain
  such recordings for a period of not less than five years.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1953-A - Additional Prerequisites to the Provision of Financial Assistance.

§  1953-a.  Additional  prerequisites  to  the  provision of financial
  assistance. Prior to providing any financial assistance of more than one
  hundred thousand dollars to any project, the authority must comply  with
  the following prerequisites:
1.  The  authority  must adopt a resolution describing the project and
  the financial  assistance  that  the  authority  is  contemplating  with
  respect  to  such  project. Such assistance shall be consistent with the
  uniform  tax  exemption  policy  adopted  by  the  agency  pursuant   to
  subdivision  one  of  section  nineteen  hundred  sixty-three-a  of this
  chapter, unless the agency has followed procedures  for  deviation  from
  such policy specified in subdivision two of such section.
1-a.  The  authority  shall  deliver  a copy of the resolution adopted
  pursuant to subdivision one of this section by  certified  mail,  return
  receipt  requested  or an electronic correspondence with a read receipt,
  to the chief executive officer of each affected tax  jurisdiction.  When
  the  affected tax jurisdiction is a school district, the authority shall
  deliver a copy of such resolution  by  certified  mail,  return  receipt
  requested  or  an  electronic correspondence with a read-receipt, to the
  district clerk and  district  superintendent  of  each  affected  school
  district.
2.  The  authority  must  hold  a  public  hearing with respect to the
  project and the proposed financial assistance being contemplated by  the
  authority.  At said public hearing, interested parties shall be provided
  reasonable opportunity, both orally and in  writing,  to  present  their
  views with respect to the project.
3.  The authority must give at least ten days published notice of said
  public hearing and shall, at the  same  time,  provide  notice  of  such
  hearing  to the chief executive officer of the affected tax jurisdiction
  within which the project is located. The notice of  hearing  must  state
  the  time  and  place  of  the  hearing,  contain  a general, functional
  description of the project, describe the  prospective  location  of  the
  project,  identify the initial owner, operator or manager of the project
  and generally describe the  financial  assistance  contemplated  by  the
  authority with respect to the project.
4.  The  authority shall establish a procedure for compliance with the
  notification requirements, including identification of the  notification
  method,  under  subdivision one-a of this section and subdivision two of
  section nineteen hundred sixty-three-a of this title.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1954 - Civil Service Status of Officers and Employees.

§  1954.  Civil service status of officers and employees. Officers and
  employees of any board, commission or department  of  the  city  may  be
  transferred  to  the  authority in accordance with the provisions of the
  civil  service  law  and  shall  be  eligible  for  such  transfer   and
  appointment  without  examination  to  offices  and  positions under the
  authority. Officers and  employees  of  the  city  who  are  members  or
  beneficiaries  of  any  existing  pension  or  retirement  system  shall
  continue to have the rights, privileges,  obligations  and  status  with
  respect  to such system or systems as are now prescribed by law, and all
  such employees who have been appointed to positions in  the  service  of
  the  city  under  the rules of the municipal civil service commission of
  the city shall have the same status with respect thereto after  transfer
  to  the  authority  as  they  had under their original appointments. The
  appointment and promotion of all employees of  the  authority  shall  be
  made  in accordance with the provisions of the civil service law and the
  rules of the city civil service commission.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1955 - Conveyance of Property by the City to the Authority and Conveyance and Leasing of Said Property by the Authority.

§  1955.  Conveyance  of  property  by  the  city to the authority and
  conveyance and leasing of said property by the authority.  1.  The  city
  may,  by  duly  adopted resolution of the city council or by instruments
  authorized by such resolution, convey, with or without consideration, to
  the authority real and personal property owned by the city  for  use  by
  the  authority  as  a project. In case of real property so conveyed, the
  title thereto shall remain in the city but the authority shall have  the
  use  thereof  for  so long as its corporate existence shall continue and
  said  real  property  shall  be  under  its  jurisdiction,  control  and
  supervision  within the ambit of section nineteen hundred sixty-three of
  this title and  exempt  from  all  taxes  and  assessments  except  such
  payments  in  lieu  thereof  as  may  be contained in such resolution or
  instrument of conveyance.
2. To the end that the city or any school district wherein  a  project
  or  projects  or  a  part  thereof  of the authority are located may not
  suffer undue  loss  of  taxes  and  local  improvement  assessments  the
  authority  in  connection  with  property owned or held by it within the
  city and such district, is hereby authorized to pay annually in lieu  of
  taxes  and  local  improvement  assessments  to  the city or such school
  district such sum as may be mutually agreed between  the  authority  and
  the  city  or  such school district as the case may be. The city and any
  such school district wherein a project or part thereof of the  authority
  is located is hereby authorized and empowered to enter into an agreement
  or agreements with the authority to accept the payment or payments which
  the  authority  is  hereby  authorized and empowered to make. The sum so
  received by the city or any such school district  shall  be  devoted  to
  purposes to which taxes may be applied.
3. The city is authorized to install streets and utilities in the area
  of  the  project  and  to  contract  with  the authority with respect to
  payments in lieu of  local  improvement  assessments  therefor  and  the
  authority  is authorized so to contract and to make appropriate payments
  in accordance therewith.
4. The authority is authorized, in the event it leases any of the real
  property conveyed to it by the city, to provide that a  portion  of  the
  rental derived therefrom shall be allocated to the aforesaid payments in
  lieu  of  taxes and assessments and to pay over said portion to the city
  or school district, as the case may be.  The  consent  of  the  city  or
  school  district as to the method and amount of such allocation shall be
  appended to any such lease.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1955-A - Compensation Procurement and Investment.

§ 1955-a. Compensation procurement and investment. 1. The compensation
  of  an officer or full-time employee of the authority (but not including
  part-time employees or consultants, including accountants, attorneys and
  bond counsel to the authority) shall not be contingent on  the  granting
  of financial assistance by the authority.
2.  The  provisions  of  section  one  hundred  four-b  of the general
  municipal law shall be  applicable  to  the  procurement  of  goods  and
  services paid for by the authority for its own use and account.
3.  The provisions of sections ten and eleven of the general municipal
  law shall be applicable to deposits and  investments  of  funds  for  an
  agency's own use and account.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1956 - Construction and Purchase Contracts.

§  1956.  Construction  and  purchase contracts. The provisions of law
  relating to the requirement  of  public  bidding  with  respect  to  the
  construction of public facilities or projects shall not be applicable to
  the acquisition, construction, reconstruction, improvement, maintenance,
  equipping and furnishing of projects authorized by this title.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1957 - Moneys of the Authority.

§  1957.  Moneys  of  the authority. All moneys of the authority, from
  whatever source derived, shall be  paid  to  the  authority's  appointed
  chief financial officer of the city as agent of the authority, who shall
  not  commingle  such  moneys with any other moneys. Such moneys shall be
  deposited in a separate bank account or accounts.  The  moneys  in  such
  accounts  shall be paid out by the authority's appointed chief financial
  officer on requisition of the chair of the authority or of  such  person
  as  the  authority may authorize to make such requisitions. All deposits
  of such moneys shall, if  required  by  the  authority,  be  secured  by
  obligations  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. The comptroller of the city and his or her
  legally authorized representatives are  authorized  and  empowered  from
  time  to  time  to  examine  the  accounts  and  books of the authority,
  including its receipts, disbursements, contracts, leases, sinking funds,
  investments and any other records and papers relating to  its  financial
  standing. The authority shall have power, notwithstanding the provisions
  of  this section, to contract with the holders of any of its bonds as to
  the custody, collection, securing, 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, and  to  carry  out  any
  such  contract  notwithstanding  that  such contract may be inconsistent
  with the previous provisions of this section. 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. The accounts of the authority shall  be
  subject to the supervision of the state comptroller and he or she or his
  or  her  legally  authorized  representatives  are hereby authorized and
  empowered from time to time to examine the accounts  and  books  of  the
  authority,  including  its  receipts,  disbursements, contracts, sinking
  funds, investments and  any  other  matter  relating  to  its  financial
  standing  and  fiscal  affairs.  The  authority  shall render a complete
  annual account of its proceedings to  the  city  council  at  its  first
  meeting in April of each and every year.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1959 - Notes of the Authority.

§  1959.  Notes  of the authority. The authority shall have power from
  time to time to issue its negotiable notes in conformity with applicable
  provisions of the uniform commercial code and from time  to  time  issue
  renewal notes (herein referred to as notes) maturing not later than five
  years from their respective original dates in an amount not exceeding at
  any  time  one  hundred  thousand  dollars, over and above the amount of
  bonds  authorized  by  subdivision  one  of  section  nineteen   hundred
  fifty-eight  of  this title, for any purpose or purposes for which bonds
  may be issued, whenever  the  authority  shall  determine  that  payment
  thereof  can  be  made  in  full  from  any moneys or revenues which the
  authority expects to receive from any  source.  Such  notes  may,  among
  other  things,  be  issued  to provide funds to pay preliminary costs of
  surveys, plans or other matters relating to any  proposed  project.  The
  authority  may  pledge  such  moneys  or  revenues (subject to any other
  pledge thereof) for the payment of the notes and may in addition  secure
  the notes in the same manner and with the same effect as herein provided
  for  bonds.  The  notes shall be issued in the same manner as bonds. The
  authority shall have power to make contracts for the  future  sale  from
  time to time of the notes, by which the purchasers shall be committed to
  purchase  the  notes from time to time on terms and conditions stated in
  such  contracts,  and  the  authority  shall  have  power  to  pay  such
  consideration  as it shall deem proper for such commitments.  In case of
  default on its notes or violation of  any  of  the  obligations  of  the
  authority  to  the  noteholders,  the  noteholders  shall  have  all the
  remedies provided herein for bondholders. Such notes shall be  as  fully
  negotiable as the bonds of the authority.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1960 - Agreements of the City and State.

§  1960.  Agreements of the city and state. The city is authorized to,
  and the state does hereby, pledge to and agree with the holders  of  the
  bonds  that  neither the city nor the state, respectively, will limit or
  alter the rights, hereby vested in the authority to acquire,  construct,
  reconstruct,   improve,  maintain,  equip  and  finish  the  project  or
  projects, to establish and collect rentals, fees and other  charges  and
  to  fulfill  the  terms  of  any agreements made with the holders of the
  bonds, nor in any way impair the rights and remedies of the bondholders,
  until the bonds, together with interest thereon, with  interest  on  any
  unpaid installments of interest and all costs and expenses in connection
  with  any  action  or proceeding by or on behalf of the bondholders, are
  fully met and discharged.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1961 - State and City Not Liable on Bonds.

§  1961.  State  and  city  not  liable  on bonds. The bonds and other
  obligations of the authority shall not be a debt of the state or of  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.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1962 - Bonds Legal Investments for Public Officers.

§  1962.  Bonds  legal  investments  for public officers. The bonds or
  notes 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, and all other persons whatsoever except
  as hereinafter provided, 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: provided that, notwithstanding the provisions of any other general
  or special law to the contrary, such bonds shall not be eligible for the
  investment   of   funds,   including  capital,  of  trusts,  estates  or
  guardianships under the control of individual administrators, guardians,
  executors, trustees and other individual fiduciaries. The bonds or notes
  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.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1963-A - Uniform Tax Exemption Policy.

§  1963-a.  Uniform  tax  exemption  policy.  1.  The  authority shall
  establish a uniform tax exemption policy, with input from affected local
  taxing  jurisdictions,  which  shall  be  applicable  to  provisions  of
  financial  assistance pursuant to section nineteen hundred fifty-three-a
  of this title and shall provide guidelines  for  the  claiming  of  real
  property,  mortgage recording, and sales tax exemptions. Such guidelines
  shall include, but not be limited to: period of exemption; percentage of
  exemption; types of  projects  for  which  exemptions  can  be  claimed;
  procedures  for  payments  in  lieu of taxes and instances in which real
  property appraisals are to be performed as a part of an application  for
  tax  exemption; in addition, the authority in adopting such policy shall
  consider such issues as: the extent to which a project  will  create  or
  retain  permanent,  private  sector jobs; the estimated value of any tax
  exemption to be provided; whether affected tax jurisdictions  should  be
  reimbursed  by  the  project  occupant if a project does not fulfill the
  purposes for which an exemption was provided; the impact of  a  proposed
  project  on  existing  and  proposed businesses and economic development
  projects in the  vicinity;  the  amount  of  private  sector  investment
  generated  or  likely  to  be  generated  by  the  proposed project; the
  demonstrated public support for the proposed project; the likelihood  of
  accomplishing  the  proposed  project in a timely fashion; the effect of
  the proposed project upon the  environment;  the  extent  to  which  the
  project will utilize, to the fullest extent practicable and economically
  feasible,  resource conservation, energy efficiency, green technologies,
  and alternative and renewable energy measures; the extent to  which  the
  proposed  project  will  require  the  provision of additional services,
  including, but not limited to  additional  educational,  transportation,
  police,  emergency medical or fire services; and the extent to which the
  proposed  project  will  provide  additional  sources  or  revenue   for
  municipalities and school districts.
2.  The  authority  shall establish a procedure for deviation from the
  uniform tax exemption policy required  pursuant  to  this  section.  The
  authority shall set forth in writing the reasons for deviation from such
  policy,  and  shall  further  notify  by  certified mail, return receipt
  requested or an  electronic  correspondence  with  a  read-receipt,  the
  affected  tax  jurisdictions  of the proposed deviation from such policy
  and the reasons therefor. When the affected tax jurisdiction is a school
  district, the authority shall notify by certified mail,  return  receipt
  requested  or  an  electronic  correspondence  with  a read-receipt, the
  district clerk and  district  superintendent  of  each  affected  school
  district.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1963-B - Special Provisions Applicable to State Sales and Compensating Use Taxes and Cerain Types of Facilities.

§   1963-b.   Special   provisions   applicable  to  state  sales  and
  compensating use taxes and certain types of facilities.  The  provisions
  of section eight hundred seventy-five of the general municipal law shall
  apply  to  the  provisions of this title and to the authority created by
  this title with the same force and effect as if the provisions  of  such
  section  eight  hundred  seventy-five had been incorporated in full into
  this title and had expressly referred to the provisions  of  this  title
  and  to  such  authority,  with  such  changes  to  such  section as are
  necessary to refer to the provisions of this title and to the  authority
  created by this title.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1964 - Tax Contract by the State.

§  1964.  Tax  contract  by  the  state.  The state covenants with the
  purchasers and with all subsequent holders and transferees of  bonds  or
  notes  issued  by the authority pursuant to this title, in consideration
  of the acceptance of and payment for the bonds or notes, that the  bonds
  and  notes of the authority issued pursuant to this title and the income
  therefrom, and all moneys, funds and revenues pledged to pay  or  secure
  the  payment  of  such  bonds  or  notes shall at all times be free from
  taxation except for estate  taxes  and  taxes  on  transfers  by  or  in
  contemplation of death.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1966 - Actions Against the Authority.

§  1966.  Actions  against  the authority. 1. In an action against the
  authority founded upon tort, the complaint shall contain  an  allegation
  that at least thirty days have elapsed since the demand, claim or claims
  upon  which  the  action  is  founded  were presented to a member of the
  authority and to its secretary or to its chief  executive  officer,  and
  that  the  authority  has  neglected or refused to make an adjustment or
  payment thereof for thirty days after the presentment.
2. In a 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  authority or an officer, appointee or employee
  thereof, and the provisions of section fifty-e of the general  municipal
  law shall govern the giving of such notice. No action shall 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 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1967 - Termination of the Authority.

§ 1967. Termination of the authority. Whenever all of the bonds issued
  by  the  authority  shall  have  been  redeemed  or  cancelled,  and all
  straight-lease transactions have been terminated,  the  authority  shall
  cease  to exist and all rights, titles, and interest and all obligations
  and liabilities thereof vested in or possessed by  the  authority  shall
  thereupon vest in and be possessed by the city of Troy.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1967-A - Equal Opportunity.

§  1967-a.  Equal  opportunity. 1. The authority shall ensure that all
  employees and applicants for employment are  afforded  equal  employment
  opportunity without discrimination.
2.  Except as is otherwise provided by collective bargaining contracts
  or agreements, new employment  opportunities  created  as  a  result  of
  projects  of  the  agency  shall  be  listed  with  the  New  York State
  Department  of  Labor  Community  Services  Division,   and   with   the
  administrative  entity  of  the  service  delivery  area  created by the
  federal job training partnership act (P.L.  No.  97-300)  in  which  the
  project  is  located.  Except  as  is  otherwise  provided by collective
  bargaining contracts or agreements, sponsors of  projects  shall  agree,
  where  practicable, to first consider persons eligible to participate in
  federal job training partnership (P.L. No. 97-300) programs who shall be
  referred by administrative entities of service  delivery  areas  created
  pursuant to such act or by community services division of the department
  of labor for such new employment opportunities.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1968 - Title Not Affected if in Part Unconstitutional or Ineffective.

§ 1968. 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,  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.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 11 - Troy Industrial Development Authority › 1969 - Inconsistent Provisions in Other Acts Superseded.

§  1969.  Inconsistent provisions in other acts superseded. Insofar as
  the provisions of this title are inconsistent with the provisions of any
  other act, general or special, or of any local  law  of  the  city,  the
  provisions of this title shall be controlling.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 12 › 1974-A - Subsidiaries; How Created.

§  1974-a.  Subsidiaries;  how created. 1. The authority by resolution
  from time to time may direct any of its members, officers  or  employees
  to  organize  one  or more wholly-owned subsidiary corporations pursuant
  and subject to article two,  article  four  or  article  eleven  of  the
  private  housing  finance  law.  Such  resolution  shall  prescribe  the
  purposes for which such subsidiary is to be organized.
2. The authority may transfer to any subsidiary any money or  real  or
  personal  or  mixed  property  or  any project in order to carry out the
  purposes of  this  title.  Each  such  subsidiary  shall  have  all  the
  privileges,  immunities,  tax  exemptions  and  other  exemptions of the
  authority to the extent the same are not inconsistent with  the  statute
  or  statutes  pursuant to which such subsidiary was organized. Except as
  may be inconsistent with the provisions of this title,  such  subsidiary
  shall have all the rights and powers granted to housing companies by the
  private  housing  finance law and by any other statute pursuant to which
  such subsidiary was organized.
3. No member or officer of the authority shall receive any  additional
  compensation,  either  direct  or indirect, other than reimbursement for
  actual and necessary expenses incurred in the performance of his duties,
  by reason of his serving as a member, director, trustee  or  officer  of
  any subsidiary.
2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 12 › 1974-D - Contracts.

§  1974-d.  Contracts.  In  connection with development, construction,
  operations and maintenance contracts  for  projects  of  the  authority,
  minority and women-owned business enterprises and minority group members
  and  women  shall be given the opportunity for meaningful participation.
  The  authority  shall  establish  measures  and  procedures  to   secure
  meaningful   participation   by   minority   and   women-owned  business
  enterprises on contracts for projects of the  authority.  Such  measures
  and  procedures  shall  also  promote  the  employment of minority group
  members and women on such contracts. For the purposes thereof, "minority
  business enterprise" shall mean any  business  enterprise  which  is  at
  least  fifty-one per centum owned by, or in the case of a publicly owned
  business, at least fifty-one per centum of the stock of which  is  owned
  by  citizens  or permanent resident noncitizens who are Black, Hispanic,
  Asian  or  American  Indian,  and  such  ownership  interest  is   real,
  substantial  and  continuing and "women-owned business enterprise" shall
  mean any business enterprise which is  at  least  fifty-one  per  centum
  owned  by,  or  in  the  case  of  a  publicly  owned business, at least
  fifty-one percent of  the  stock  of  which  is  owned  by  citizens  or
  permanent resident noncitizens who are women and such ownership interest
  is  real,  substantial  and  continuing.  The provisions of this section
  shall not  be  construed  to  limit  the  ability  of  any  minority  or
  women-owned  business  enterprise  to  bid  on any contract. In order to
  implement the requirements and objectives of this section in  connection
  with  such  projects,  the authority shall be responsible for monitoring
  compliance  with  the  provisions  hereof,  providing  advice   on   the
  availability  of competitive qualified minority and women-owned business
  enterprises to perform contracts proposed  to  be  awarded,  and  making
  recommendations  to  improve  the  access  of  minority  and women-owned
  business enterprises to these contracts.