New York Public Authorities Law Title 4 - GENESEE VALLEY REGIONAL MARKET AUTHORITY

• 875 - Short Title.
  This title may be cited as the "Genesee Valley Regional Market Authority Act".
• 876 - Definitions.
  As used in this title, unless a different meaning clearly appears from the context: 1. The term "district" shall mean the Genesee Valley Regional Market...
• 877 - Genesee Valley Regional Market District.
  There is hereby created and established a district to be known as the "Genesee Valley Regional Market District", which shall embrace the area and territory...
• 878 - Genesee Valley Regional Market Authority.
  1. A board to be known as the "Genesee Valley Regional Market Authority" is hereby created. Such board shall be a body corporate and politic,...
• 879 - Purposes and Powers of the Authority.
  The purposes of the authority shall be to assist in the establishment and development of agriculture and agriculturally related businesses in the district, and to...
• 880 - Moneys of the Authority.
  1. The treasurer of the authority shall demand, collect, receive and have the care and custody of moneys belonging to or due the authority from...
• 881 - Bonds of the Authority.
  1. The authority shall have power and is hereby authorized from time to time to issue negotiable bonds in conformity with applicable provisions of the...
• 882 - 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 whenever...
• 883 - Agreement of the State.
  The state of New York does hereby pledge to and agree with the holders of the bonds that the state will not authorize the construction...
• 884 - State and Counties Not Liable on Bonds.
  The bonds and other obligations of the authority shall not be a debt of the state or of any county or counties, and the board...
• 885 - Bonds Legal Investments for Public Officers and Fiduciaries.
  The bonds are hereby made securities in which all public officers and bodies of this state and all municipalities, all insurance companies and associations and...
• 886 - Exemptions From Taxation.
  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...
• 887 - Remedies of Bondholders.
  1. In the event that the authority shall default in the payment of the principal of or interest on any of the bonds after the...
• 888 - Interest in Claims and Contracts Prohibited.
  No member, officer, agent or employee of the authority shall be interested, directly or indirectly, in any claim against or contract with the authority except...
• 889 - Actions Against Authority.
  1. In any case founded upon a tort a notice of claim shall be required as a condition precedent to the commencement of an action...
• 890 - Contracts.
  All contracts of the authority for the purchase of supplies, materials or equipment or for public work, which involve an expenditure of more than twenty-five...
• 891 - State's Right to Require Redemption of Bonds.
  Notwithstanding and in addition to any provisions for the redemption of bonds which may be contained in any contract with the holders of the bonds,...
• 892 - 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...
• 893 - Inconsistent Provisions in Other Laws Superseded.
  In so far as the provisions of this title are inconsistent with the provisions of any other law, general, special or local, the provisions of...

Last modified: February 3, 2019