New York Public Authorities Law Title 6 - ALBANY MUNICIPAL WATER FINANCE AUTHORITY

• 1115 - Short Title.
  This title shall be known and may be cited as the "Albany municipal water finance authority act".
• 1115-a - Definitions.
  As used or referred to in this title, unless a different meaning clearly appears from the context: 1. "Agreement" shall mean any agreement entered into...
• 1115-b - Albany Municipal Water Finance Authority.
  1. A public corporation, to be known as the "Albany municipal water finance authority," is hereby created for the public purposes and charged with the...
• 1115-c - General Powers of the Authority.
  The authority shall have the power: 1. To sue and be sued; 2. To have a seal and alter the same at pleasure; 3. To...
• 1115-d - Approval of Projects.
  The authority shall not enter into any contract or agreement with the city or the water board with respect to the financing of any project...
• 1115-e - Water Board.
  1. A city water board may be created by a special act of the state legislature at the request of the city as a body...
• 1115-f - General Powers of the Water Board.
  Except as otherwise limited by this title, the water board shall have power: 1. To sue and be sued; 2. To have a seal and...
• 1115-g - Transfer of Sewerage or Water Systems by the City to the Water Board.
  1. The city may, by resolution of the common council of the city, enter into an agreement with the water board for the transfer to...
• 1115-h - Agreement Among the Water Board, the City and the Authority for the Provision of Projects.
  1. The authority, the water board and the city, acting by resolution of the common council of the city, may enter into agreements for the...
• 1115-i - Imposition and Disposition of Fees, Rates, Rents or Charges.
  1. The water board shall establish, fix and revise, from time to time, fees, rates, rents or other charges for the use of, or services...
• 1115-j - Tax Exemption of the Water Board Property and Activities.
  1. It is hereby determined that the creation of a water board and the carrying out of its corporate purposes is in all respects for...
• 1115-k - Pledge Effective Without Filing or Recording.
  Any provision of the uniform commercial code to the contrary notwithstanding, any pledge of or other security interest in revenues or other personal property made...
• 1115-l - Governmental Capacity of the Authority, the Water Board and the City.
  The authority, the water board and the city in carrying out their respective powers and duties under this title, shall be deemed to be acting...
• 1115-m - Transfer of Officers and Employees.
  Any officer or employee of the city under civil service who is selected by the authority or the water board may, with the consent of...
• 1115-n - Bonds of the Authority.
  1. The authority shall have the power and is hereby authorized from time to time to issue bonds in conformance with applicable provisions of the...
• 1115-o - Remedies of Bondholders.
  Subject to any resolution or resolutions adopted pursuant to paragraph (i) of subdivision four of section one thousand one hundred fifteen-n of this title: 1....
• 1115-p - State, City and Water Board Not Liable on Authority Bonds.
  Neither the state, nor the city, nor the water board nor any subdivision thereof shall be liable on the bonds of the authority and such...
• 1115-q - Moneys of the Authority.
  All moneys of the authority from whatever source derived shall be paid to the treasurer of the authority and shall be deposited forthwith in a...
• 1115-r - Bonds Legal Investment for Fiduciaries.
  The bonds of the authority are hereby made securities in which all public officials and bodies of the state and all municipalities, all insurance companies...
• 1115-s - Agreement of the State.
  The state does hereby pledge to and agree with the holders of any bonds issued by the authority pursuant to this title that the state...
• 1115-t - Exemption From Taxes, Assessments and Certain Fees; Payments in Lieu of Taxes.
  1. It is hereby determined that the creation of the authority and the carrying out of its corporate purposes is in all respects for the...
• 1115-u - Actions Against Authority and Water Board.
  1. Except in an action for wrongful death, no action or proceeding shall be prosecuted or maintained against the authority or the water board for...
• 1115-v - Contracts.
  1. All contracts or orders for work, material or supplies performed or furnished in connection with construction shall be awarded by the contracting agency pursuant...
• 1115-w - Interest in Contracts Prohibited.
  It shall be a misdemeanor for any member of the governing body or any officer, agent, servant or employee of the authority or the water...
• 1115-x - Authority, Water Board and City to Take Affirmative Action.
  1. Each contracting agency which awards contracts for design, construction, services or materials for projects authorized by this title shall require that such contracts and...
• 1115-y - Audit and Annual Report.
  The accounts of the authority and the water board shall be subject to the supervision of the city comptroller. The authority shall annually submit to...
• 1115-z - Limited Liability.
  Neither the members of the authority or the water board, nor any officer or employee of the authority or the water board acting in behalf...
• 1115-Aa - Separability.
  If any section, clause or provision in this title shall be held by a competent court to be unconstitutional or ineffective in whole or in...
• 1115-Bb - Effect of Inconsistent Provisions.
  Insofar as the provisions of this title are inconsistent with the provisions of any other act, general or special, or of the city charter, or...

Last modified: February 3, 2019