New York Public Authorities Law Title 3 - MUNICIPAL ASSISTANCE CORPORATION FOR THE CITY OF NEW YORK

• 3030 - Short Title.
  * This title shall be known and may be citied as the "Municipal Assistance Corporation for the city of New York Act". * NB The...
• 3031 - Legislative Findings and Statement of Purposes.
  * The legislature hereby finds and declares that it is necessary for a municipal assistance corporation to be created to assist the city of New...
• 3032 - Definitions.
  * As used in this title, the following words and terms shall have the following meanings unless the context shall indicate another or different meaning...
• 3033 - Creation of the Municipal Assistance Corporation for the City of New York; Authorized Indebtedness.
  * 1. There is hereby created the municipal assistance corporation for the city of New York. The corporation shall be a corporate governmental agency and...
• 3034 - Administration of the Corporation.
  * 1. The corporation shall be administered by a board of directors, consisting of nine directors, none of whom shall be officers or employees of...
• 3035 - Exchange of Notes or Bonds of the Corporation for Short-Term Obligations of the City.
  * 1. The corporation may issue its notes or bonds in exchange for short-term obligations of the city, provided that the principal amount of the...
• 3036 - Payments to the Corporation; Funds of the Corporation.
  * 1. Not less than one hundred twenty days before the beginning of each fiscal year of the corporation (but not later than July 1,...
• 3036-a - Further Payments to the Corporation; Additional Funds of the Corporation.
  * 1. In addition to the total amount certified by such chairman for such fiscal year, all as referred to in subdivision one of section...
• 3036-b - Further Payments to the Corporation; Additional Funds of the Corporation.
  * 1. In addition to the total amount certified by such chairman for such fiscal year, all as referred to in subdivision one of each...
• 3037 - Payments to or Purchases of Obligations of the City.
  * In the event that the mayor from time to time certifies to the corporation an amount required by the city to enable it (a)...
• 3037-a - Funding Capital Projects.
  * The amounts paid to the city for purposes set forth in subparagraph (b) of section three thousand thirty-seven of this title, in addition to...
• 3038 - Conditions on Extension of Benefits to the City.
  * The corporation shall, at the time of any exchange of the corporation's bonds and notes for short-term obligations of the city pursuant to subdivision...
• 3039 - Review by the Corporation.
  * In order to determine whether the city has taken or is taking action to effect compliance with any conditions imposed pursuant to section three...
• 3040 - Remedies of the Corporation.
  * 1. The corporation shall cause each proposed expense budget, including related revenue estimates, submitted to it pursuant to subdivision four of section thirty hundred...
• 3041 - Funds of the Corporation.
  * The municipal assistance corporation for the city of New York shall not hereafter enter into any memorandum of agreement with the governor of the...

Last modified: February 3, 2019