New York Public Authorities Law Title 9-A - TRANSIT CONSTRUCTION FUND

• 1225-a - Short Title.
  This title may be cited as the transit construction fund act.
• 1225-b - Definitions.
  For the purposes of this title: 1. "City" means the city of New York. 2. "Director of management and budget" means the director of management...
• 1225-c - Transit Construction Fund.
  (a) There is hereby created the transit construction fund. The fund is a corporate governmental agency constituting a public benefit corporation. It has the powers...
• 1225-d - Purpose of the Fund.
  The purpose of the fund shall be to provide through agreements with the transportation authority transit facilities, to be used by the transit authority or...
• 1225-e - Administration of the Fund.
  (1) The fund shall be administered by three trustees, one of whom shall be the director of the budget. The remaining two trustees shall be...
• 1225-f - General Powers of the Fund.
  The fund shall have the following powers in addition to those specially conferred elsewhere in this title: (1) to sue and be sued; (2) to...
• 1225-g - Agreement With the Transportation Authority.
  (a) To enable the fund to realize its public and governmental purpose, the fund may enter into agreements with the transportation authority, to which the...
• 1225-h - Resources of the Fund.
  (a) Subject to the provisions of this title the trustees of the fund shall receive, accept, invest, administer, expend and disburse for its corporate purposes...
• 1225-i - Payments to the Fund.
  (a) To further enable the fund to realize its public and governmental purpose the city shall, in addition to any other financial assistance, annually pay...
• 1225-j - Federal, State and Other Aid.
  Subject to the provisions of chapter ten hundred seventy-three of the laws of nineteen hundred sixty-nine as amended by a chapter of the laws of...
• 1225-k - Title to Property.
  Title to any transit facility leased to the fund by the transportation authority pursuant to this title shall, on the expiration or termination of such...
• 1225-l - Employees of the Fund.
  1. Notwithstanding any inconsistent provisions of this title, the appointment and promotion of all employees of and for the fund shall be made in accordance...
• 1225-m - Actions Against Fund.
  (a) An action against the fund for personal injury or property damage or founded on tort, except an action for wrongful death, shall not be...
• 1225-n - Assistance to the Fund.
  The city may make grants of money or property to the fund for the purpose of enabling it to carry out its public purposes and...
• 1225-o - Corporation Counsel to Be Attorney.
  The corporation counsel of the city shall be attorney and counsel for the fund.
• 1225-p - Exemption From Taxation.
  The monies and property of the fund and its operation shall be exempt from taxation.
• 1225-q - Construction.
  It is the intent of the Legislature that this title be construed liberally so as to effectuate the public and governmental purpose thereof.

Last modified: February 3, 2019