New York Public Authorities Law Title 11-C - CAPITAL DISTRICT TRANSPORTATION AUTHORITY

• 1300 - Short Title.
  This title may be cited as the "Capital District Transportation Authority Act".
• 1301 - Definitions.
  As used or referred to in this title, unless a different meaning clearly appears from the context: 1. "Authority" shall mean the corporation created by...
• 1302 - Capital District Transportation District.
  There is hereby created and established a transportation district to be known as the Capital District transportation district. This district shall embrace the counties of...
• 1303 - Capital District Transportation Authority.
  1. (a) There is hereby created the Capital District transportation authority. The authority shall be a body corporate and politic constituting a public benefit corporation....
• 1304 - Purposes of the Authority.
  1. The purposes of the authority shall be the continuance, further development and improvement of transportation and other services related thereto within the Capital District...
• 1305 - Formulation, Filing and Adoption of Action Plan; Amendments.
  The authority shall formulate an action plan for transportation within the district. In formulating such action plan, the authority shall consult and cooperate with the...
• 1305-a - Filing Five Year Performance, Capital and Operating Finance Plans.
  1. (a) On or before October first, nineteen hundred ninety-four, and annually thereafter on or before April first, the authority shall adopt an operational performance...
• 1306 - General Powers of the Authority.
  A. Except as otherwise limited by this title, the authority shall have power: 1. To sue and be sued; 2. To have a seal and...
• 1307 - Special Powers of the Authority.
  In order to effectuate the purposes of this title: 1. The authority may acquire, by purchase, gift, grant, transfer, contract or lease, or condemnation, any...
• 1307-a - Additional Special Powers of the Authority.
  * 1. For the purposes of this section, the following terms shall have the following meanings: (a) "administer" shall mean an action carried out in...
• 1308 - Acquisition and Disposition of Real Property.
  1. In addition to the powers provided in section thirteen hundred six of this title to acquire transportation facilities, equipment and real property, the authority...
• 1309 - Cooperation and Assistance of Other Agencies.
  In the interest of economy and to promote coordination of authority projects with state, local, county and regional plans and also to carry out the...
• 1310 - Notes and Bonds of the Authority.
  1. (a) The authority shall have power and is hereby authorized from time to time to borrow money and issue its negotiable bonds and notes...
• 1311 - Reserve Funds and Appropriations.
  1. The authority may create and establish one or more reserve funds to be known as debt service reserve funds and may pay into such...
• 1312 - Agreement of the State.
  The state does hereby pledge to and agree with the holders of any notes or bonds issued under this title, that the state will not...
• 1313 - Right of State 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,...
• 1314 - Remedies of Noteholders and Bondholders.
  1. In the event that the authority shall default in the payment of principal of or interest on any issue of notes or bonds after...
• 1315 - Notes and Bonds As Legal Investment.
  The notes and bonds of the authority are hereby made securities in which all public officers and bodies of the state and all municipalities and...
• 1316 - Exemption From Taxation.
  It is hereby found, determined and declared that the creation of the authority and the carrying out of its purposes is in all respects for...
• 1317 - Actions Against the Authority.
  1. As a condition to the consent of the state to such suits against the authority, in every action against the authority for damages, for...
• 1318 - Agreements Relating to Payment in Lieu of Taxes.
  To the end that municipal corporations, counties and school districts may not suffer undue loss of taxes or assessments: If the authority acquires property for...
• 1319 - Interest of Members or Employees of Authority in Contracts Prohibited.
  It shall be a misdemeanor for a member of the authority or an officer, agent, servant or employee employed by or appointed by the authority,...
• 1320 - Fiscal Year.
  The fiscal year of the authority shall begin on the first day of April.
• 1321 - Consent by the State.
  The commissioner of general services shall have power, in his discretion, from time to time to transfer and convey to the authority, or to one...
• 1322 - Separability.
  If any provision of any section of this title or the application thereof to any person or circumstance shall be adjudged invalid by a court...
• 1323 - Effect of Inconsistent Provisions.
  Insofar as the provisions of this title are inconsistent with the provisions of any other law, general, special or local, the provisions of this title...

Last modified: February 3, 2019