New York Arts and Cultural Affairs Law Article 20 - NEW YORK STATE CULTURAL RESOURCES ACT

• 20.01 - Short Title.
  This act shall be known and may be cited as the "New York State Cultural Resources Act".
• 20.03 - General Definitions.
  As used or referred to in this article and in any special law creating a trust for cultural resources, except as otherwise provided in such...
• 20.05 - Legislative Findings and Determinations, and Statement of Purposes.
  1. The legislature hereby finds, determines and declares: (a) that cultural institutions in the state promote public interest in and knowledge of the arts and...
• 20.07 - Creation and Purposes of a Trust.
  1. A trust shall be created by a special law as a corporate governmental agency and a public benefit corporation, constituting a political subdivision of...
• 20.09 - Administration of a Trust.
  1. A trust shall be administered by a board of trustees, all of whom shall be appointed as provided by special law. The number of...
• 20.11 - General Powers of a Trust.
  In addition to the other powers conferred by this article and by special law, a trust shall have the following general powers: 1. to sue...
• 20.13 - Special Powers of a Trust.
  1. A trust shall have such special powers with respect to assisting participating cultural institutions or other not-for-profit cultural organizations as are provided by special...
• 20.15 - Resources of a Trust.
  1. A trust may receive, accept, invest, administer, expend and disburse for its corporate purposes, including without limitation the operation and administration of the trust,...
• 20.17 - Bonds and Notes of a Trust.
  1. A trust shall have the power and is hereby authorized to issue from time to time its bonds and notes in such principal amounts...
• 20.19 - Security for Bonds or Notes.
  1. The principal of and interest on any bonds or notes issued by a trust may be secured by a pledge of any revenues and...
• 20.21 - Reserve Fund.
  A trust may create and establish a reserve fund to secure the bonds of a trust and may pay into such reserve fund any monies...
• 20.23 - State's Right to Require a 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...
• 20.25 - Remedies of Bondholders and Noteholders.
  1. The supreme court shall have jurisdiction of any suit, action or proceeding by or on behalf of the holders of any bonds or notes...
• 20.27 - State and Municipalities Not Liable on Bonds and Notes.
  The bonds, notes and other obligations of the trust shall not be a debt of the state or of any municipality or county in the...
• 20.29 - Agreement of the State.
  The state does hereby pledge to and agree with the holders of any bonds or notes of a trust that the state will not limit...
• 20.31 - Bonds and Notes As Legal Investments.
  The bonds and notes of a trust are hereby made securities in which all public officers and bodies of this state and all municipalities and...
• 20.33 - Exemption From Taxation.
  1. It is hereby determined that the creation of a trust pursuant to this article and the carrying out of its corporate purposes are in...
• 20.35 - Actions by and Against a Trust.
  1. The supreme court shall have exclusive jurisdiction of any action, suit or special proceeding brought by or against or involving a trust. The venue...
• 20.37 - Cooperation With the State, Counties and Municipalities.
  Any agency or department of the state, of the county or of any municipality may render such services to a trust as may be requested...
• 20.39 - Annual and Other Reports.
  1. A trust shall submit to the governor and to the mayor or chief executive officer and the governing body of the municipality or county...
• 20.41 - Construction.
  This article and each special law enacted pursuant to this article, being necessary for the welfare of the state and its inhabitants, shall be liberally...
• 20.43 - Inconsistent Provisions of Other Laws Superseded.
  Insofar as the provisions of this article and each special law enacted pursuant to this article are inconsistent with the provisions of any other law,...
• 20.45 - Separability.
  If any provision of any section of this article and each special law enacted pursuant to this article or the application thereof to any person...
• 20.47 - Application of Law.
  Any other provision of any other law to the contrary notwithstanding, all of the applicable provisions of the general municipal law, or of any other...

Last modified: February 3, 2019