New York Public Authorities Law Title 5 - LONG ISLAND MARKET AUTHORITY

• 900 - Short Title.
  This title shall be known and may be cited as the "Long Island Market Authority Act".
• 901 - Definitions.
  As used or referred to in this title, unless a different meaning clearly appears from the context: 1. "Authority" means the corporation created by section...
• 902 - Long Island Market Authority.
  1. A public corporation to be known as the "Long Island market authority" is hereby created for public purposes and charged with the duties and...
• 903 - General Purpose and Powers of Authority.
  The purpose of the authority shall be to acquire, construct, reconstruct, improve, equip, operate and maintain adequate regional wholesale market facilities within the service area...
• 904 - Projects of the Authority.
  1. The authority shall undertake projects as authorized in this section upon a finding by the governing body of the authority that such project: (a)...
• 905 - Transfer of Officers and Employees; Civil Service.
  1. In accordance with the provisions of section seventy of the civil service law, any officer or employee of a municipality transferred to the authority...
• 906 - Bonds of the Authority.
  1. The authority shall have the power and is hereby authorized from time to time to issue bonds, notes or other obligations to pay the...
• 907 - Remedies of Bondholders.
  Subject to any resolution or resolutions adopted pursuant to this title: 1. In the event that the authority shall default in the payment of principal...
• 908 - State and County Not Liable on Authority Bonds.
  1. The state shall not be liable on the bonds or notes of the authority and such bonds or notes shall not be a debt...
• 909 - Monies of the Authority.
  All monies of the authority from whatever source derived shall be paid to the treasurer of the authority and shall be deposited forthwith in a...
• 910 - Bonds Legal Investment for Fiduciaries.
  The bonds of the authority are hereby made securities in which all public officers and bodies of the state and all municipalities, all insurance companies...
• 911 - Agreement With State.
  The state does hereby pledge to and agree with the holders of any bonds issued by the authority pursuant to this title and with those...
• 912 - Tax Exemption and Tax Contract by the State.
  1. It is hereby determined that the creation of the authority and the carrying out of its purposes under this title are in all respects...
• 913 - Actions Against Authority.
  1. Except in an action for wrongful death, no action or special proceeding shall be prosecuted or maintained against the authority, its members, officers or...
• 914 - Audit and Annual Reports.
  In conformity with the provisions of section five of article ten of the constitution, the accounts of the authority shall be subject to the supervision...
• 915 - Defense and Indemnification.
  The authority shall not execute any of its powers, except as necessary to commence its corporate existence, until it has elected to make the provision...
• 916 - Contracts.
  All contracts for the construction, reconstruction, rehabilitation and improvement of projects authorized pursuant to this title shall be subject to article eight of the labor...
• 917 - Code of Ethics.
  1. As used in this section the term "authority employee" shall mean any member, officer or employee of the authority. 2. No authority employee shall...
• 918 - Equal Employment Opportunity.
  The authority shall ensure that all employees or applicants for employment are afforded equal employment opportunity without discrimination.
• 919 - Separability.
  If any clause, sentence, paragraph, section, or part of this title shall be adjudged by any court of competent jurisdiction to be invalid, such judgment...

Last modified: February 3, 2019