New York General Municipal Law Article 14-C - REVENUE-PRODUCING UNDERTAKINGS

• 400 - Short Title.
  This article may be cited as the "revenue-producing undertaking law. "
• 401 - Definitions.
  Whenever used in this article, unless a different meaning clearly appears from the context: (a) The term "undertaking" shall include the following revenue-producing undertakings, whether...
• 402 - Declaration of Policy.
  It is hereby declared to be the policy of this state that any municipality acquiring, constructing, reconstructing, improving, bettering or extending an undertaking pursuant to...
• 403 - Additional Powers of Municipality.
  In addition to the powers which it may now have, any municipality shall have power under this article; (a) to acquire by gift, purchase, or...
• 403-a - Future Acquisition or Construction of Undertakings by Towns Prohibited.
  Any provision of this article to the contrary notwithstanding, no town, on and after the effective date of this section, shall have the power to...
• 404 - Authorization of Undertaking.
  The acquisition, construction, reconstruction, improvement, betterment or extension of any undertaking may be authorized under this article by resolution or resolutions of the governing body...
• 407 - Lien of Bonds.
  If bonds are issued to carry out any of the purposes of this article, bonds of the same issue shall, subject to the prior and...
• 410 - Undertakings to Be Self-Supporting.
  The governing body of a municipality issuing bonds to carry out any of the purposes of this article shall prescribe and collect reasonable rates, fees,...
• 411 - Undertaking Exempt From Taxation.
  So long as a municipality shall own any undertaking, the property, within the municipality, and all revenue of such undertaking shall be exempt from taxation.
• 412 - Use of Revenue of Undertaking.
  Any municipality issuing bonds for the acquisition, construction, reconstruction, improvement, betterment or extension of an undertaking shall have the right to appropriate, apply or expend...
• 413 - Consent and Jurisdiction of State and Municipal Agencies.
  The provisions of this article shall not operate to dispense with the approval by or to affect the jurisdiction of any state, county, or municipal...
• 414 - Competing Undertakings Not Authorized.
  No municipality shall have power under this article to construct any undertaking in contravention of any act of the legislature of the state of New...
• 415 - Construction of Article.
  The powers conferred by this article shall be in addition and supplemental to and not in substitution for, and the limitations imposed by this article...
• 416 - Separability of Provisions.
  If any provision of this article or the application of such provision to any person, body, or circumstance shall be held invalid, the remainder of...

Last modified: February 3, 2019