New York Public Authorities Law Title 11 - TROY INDUSTRIAL DEVELOPMENT AUTHORITY

• 1950 - Short Title.
  This title may be cited as the "Troy Industrial Development Authority Act."
• 1951 - Definitions.
  As used or referred to in this title, unless a different meaning clearly appears from the context: 1. The term "authority" shall mean the Troy...
• 1952 - Troy Industrial Development Authority.
  A board to be known as the "Troy industrial development authority" is hereby created. Such board shall be a body corporate and politic, constituting a...
• 1953 - Purpose and Powers of the Authority.
  The purposes of the authority shall be to promote, develop, encourage and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing industrial, manufacturing,...
• 1953-a - Additional Prerequisites to the Provision of Financial Assistance.
  Prior to providing any financial assistance of more than one hundred thousand dollars to any project, the authority must comply with the following prerequisites: 1....
• 1954 - Civil Service Status of Officers and Employees.
  Officers and employees of any board, commission or department of the city may be transferred to the authority in accordance with the provisions of the...
• 1954-a - Conflicts of Interest.
  All members, officers and employees of the authority shall be subject to the provisions of article eighteen of the general municipal law.
• 1955 - Conveyance of Property by the City to the Authority and Conveyance and Leasing of Said Property by the Authority.
  1. The city may, by duly adopted resolution of the city council or by instruments authorized by such resolution, convey, with or without consideration, to...
• 1955-a - Compensation Procurement and Investment.
  1. The compensation of an officer or full-time employee of the authority (but not including part-time employees or consultants, including accountants, attorneys and bond counsel...
• 1956 - Construction and Purchase Contracts.
  The provisions of law relating to the requirement of public bidding with respect to the construction of public facilities or projects shall not be applicable...
• 1957 - Moneys of the Authority.
  All moneys of the authority, from whatever source derived, shall be paid to the treasurer of the city as agent of the authority, who shall...
• 1958 - Bonds of the Authority.
  1. The authority shall have the power and is hereby authorized from time to time to issue its negotiable bonds in conformity with applicable provisions...
• 1959 - Notes of the Authority.
  The authority shall have power from time to time to issue its negotiable notes in conformity with applicable provisions of the uniform commercial code and...
• 1960 - Agreements of the City and State.
  The city is authorized to, and the state does hereby, pledge to and agree with the holders of the bonds that neither the city nor...
• 1961 - State and City Not Liable on Bonds.
  The bonds and other obligations of the authority shall not be a debt of the state or of the city, and neither the state nor...
• 1962 - Bonds Legal Investments for Public Officers.
  The bonds or notes are hereby made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all...
• 1963 - Tax Exemptions.
  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...
• 1963-a - Uniform Tax Exemption Policy.
  1. The authority shall establish a uniform tax exemption policy, with input from affected local taxing jurisdictions, which shall be applicable to provisions of financial...
• 1963-b - Special Provisions Applicable to State Sales and Compensating Use Taxes and Cerain Types of Facilities.
  1963-b. Special provisions applicable to state sales and compensating use taxes and certain types of facilities. The provisions of section eight hundred seventy-five of the...
• 1964 - Tax Contract by the State.
  The state covenants with the purchasers and with all subsequent holders and transferees of bonds or notes issued by the authority pursuant to this title,...
• 1964-a - Financial Records.
  1. The authority shall maintain books and records in such form as may be prescribed by the state comptroller. 2. Annually within ninety days following...
• 1965 - Remedies of Bondholders.
  1. In the event that the authority shall default in the payment of principal of or interest on any issue of the bonds after the...
• 1966 - Actions Against the Authority.
  1. In an action against the authority founded upon tort, the complaint shall contain an allegation that at least thirty days have elapsed since the...
• 1967 - Termination of the Authority.
  Whenever all of the bonds issued by the authority shall have been redeemed or cancelled, the authority shall cease to exist and all rights, titles,...
• 1967-a - Equal Opportunity.
  1. The authority shall ensure that all employees and applicants for employment are afforded equal employment opportunity without discrimination. 2. Except as is otherwise provided...
• 1968 - Title Not Affected If in Part Unconstitutional or Ineffective.
  If any section, clause or provision of this title shall be unconstitutional or be ineffective in whole or in part, to the extent that it...
• 1969 - Inconsistent Provisions in Other Acts Superseded.
  Insofar as the provisions of this title are inconsistent with the provisions of any other act, general or special, or of any local law of...

Last modified: February 3, 2019