New York Public Authorities Law Title 12 -

• 1970 - Short Title.
  This title shall be known and may be cited as the "battery park city authority act".
• 1971 - Statement of Legislative Findings and Purposes.
  It is hereby found and declared that there exists on the lower West side of the county of New York, North of Battery Park and...
• 1972 - Definitions.
  As used in this title, the following words and phrases shall have the following meanings unless the context shall indicate another or different meaning or...
• 1973 - Battery Park City Authority.
  (1) There is hereby created the battery park city authority which shall be a body corporate and politic, constituting a public benefit corporation. Its membership...
• 1974 - Powers of the Authority.
  The authority shall have power: 1. To sue and be sued; 2. To have a seal and alter the same at pleasure; 3. To acquire,...
• 1974-a - Subsidiaries; How Created.
  1. The authority by resolution from time to time may direct any of its members, officers or employees to organize one or more wholly-owned subsidiary...
• 1974-b - Lease and Other Agreements.
  1. As used or referred to in this title, unless a different meaning clearly appears from the context: (a) "owner" shall mean any individual, partnership,...
• 1974-c - Additional Powers of the Authority.
  1. It is hereby found and declared that the legislature, pursuant to the housing New York program act, has established a housing New York program...
• 1974-d - Contracts.
  In connection with development, construction, operations and maintenance contracts for projects of the authority, minority and women-owned business enterprises and minority group members and women...
• 1975 - Moneys of the Authority.
  1. All moneys of the authority from whatever source derived shall be paid to the treasurer of the authority and shall be deposited forthwith in...
• 1976 - Bonds of the Authority.
  * 1. The authority shall have power and is hereby authorized from time to time to issue its negotiable bonds in conformity with applicable provisions...
• 1977 - Notes of the Authority.
  The authority shall have power and is hereby authorized to issue negotiable bond anticipation notes in conformity with applicable provisions of the uniform commercial code...
• 1977-a - Bond and Note Authorization.
  1. (a) For the purpose of financing project costs for the project for the Battery Park project area other than the financing of loans, advances...
• 1977-b - Reserve Funds and Appropriations.
  1. In addition to setting aside of such other reserves or sinking funds as it shall deem advisable and necessary, and the regulation and disposition...
• 1977-c - Reserve Funds and Appropriations for Loans, Advances and Mortgage Financing to Housing Companies.
  1. Definitions. (a) "Revenues". All amounts received on account of fees and other charges imposed by the authority for loans, advances and mortgage loans, if...
• 1978 - Agreements of the State.
  The state of New York does pledge to and agree with the holders of the bonds and notes that the state will not limit or...
• 1979 - State and City Not Liable on Bonds and Notes.
  The bonds, notes and other obligations of the authority shall not be a debt of the state of New York or of the city, and...
• 1980 - Bonds and Notes Legal Investments for Public Officers and Fiduciaries.
  The bonds and notes are hereby made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all...
• 1981 - Exemption From 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...
• 1982 - Tax Contract by the State.
  The state of New York covenants with the purchasers and with all subsequent holders and transferees of bonds and notes issued by the authority pursuant...
• 1983 - 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...
• 1984 - Actions.
  In any case founded upon tort a notice of claim shall be required as a condition precedent to the commencement of an action or special...
• 1985 - Limitation of Liability.
  Neither the members of the authority, nor any person or persons acting in its behalf, while acting within the scope of their authority, shall be...
• 1986 - Assistance by State Officers, Departments, Agencies and Commissions.
  (1) The department of audit and control, department of law, the division of housing and community renewal and all other state agencies may render such...
• 1987 - Separability.
  If any section, clause or provision of this title shall be held unconstitutional, or be ineffective in whole or in part, to the extent that...
• 1988 - Effect of Inconsistent Provisions.
  In so far as the provisions of this title are inconsistent with the provisions of any other act, general or special, the provisions of this...

Last modified: February 3, 2019