New York Public Authorities Law Title 4 - MUNICIPAL ASSISTANCE CORPORATION FOR THE CITY OF TROY

• 3050 - Short Title.
  This title shall be known and may be cited as the "Municipal Assistance Corporation for the City of Troy Act".
• 3051 - 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 Troy in...
• 3052 - 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 or...
• 3053 - Creation of the Municipal Assistance Corporation for the City of Troy; Authorized Indebtedness.
  1. There is hereby created the municipal assistance corporation for the city of Troy. The corporation shall be a corporate governmental agency and instrumentality of...
• 3054 - Administration of the Corporation.
  The corporation shall be administered by a board of directors, consisting of seven directors, none of whom shall be officers or employees of the federal...
• 3055 - Exchange of Notes or Bonds of the Corporation for Obligations of the City.
  1. The corporation may issue its notes or bonds for the purposes described in paragraph (a), (b), (c), (d), (e) or (f) of subdivision one...
• 3056 - 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 October first, nineteen...
• 3057 - Payments to or Purchases of Obligations of the City.
  1. In the event that the chief executive officer from time to time certifies to the corporation an amount required by the city to enable...
• 3058 - 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 obligations of the city pursuant to subdivision two of...
• 3059 - 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 thousand...
• 3060 - Remedies of the Corporation.
  1. The corporation shall cause each proposed budget, including related revenue estimates, submitted to it pursuant to subdivision four of section three thousand fifty-eight of...

Last modified: February 3, 2019