New York Public Authorities Law Title 15 - AUBURN INDUSTRIAL DEVELOPMENT AUTHORITY

• 2300 - Short Title.
  This title may be cited as the "Auburn Industrial Development Act."
• 2302 - 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 Auburn...
• 2304 - Auburn Industrial Development Authority.
  A public benefit corporation to be known as the "Auburn industrial development authority" is hereby created. Such board shall be a body corporate and politic,...
• 2306 - 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,...
• 2307 - 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....
• 2308 - 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...
• 2309 - 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.
• 2310 - 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 common council or by instruments authorized by such resolution, convey, with or without consideration, to...
• 2311 - 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...
• 2312 - Construction and Purchase Contracts.
  The provisions of section eight hundred eighty-four of the general municipal law relating to public bidding with respect to the construction of public facilities or...
• 2314 - 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...
• 2315 - 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...
• 2316 - Bonds of the Authority.
  1. The authority shall have the power and is hereby authorized from time to time to issue its negotiable bonds for any of its corporate...
• 2318 - Notes of the Authority.
  The authority shall have power from time to time to issue notes and from time to time issue renewal notes (herein referred to as notes)...
• 2320 - 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...
• 2322 - 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...
• 2324 - Bonds As Legal Investments.
  The bonds are hereby made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies...
• 2326 - 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...
• 2326-a - 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 general municipal law shall apply to the provisions of this title and to the authority created...
• 2327 - 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...
• 2328 - 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,...
• 2329 - 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...
• 2330 - 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...
• 2332 - 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...
• 2333 - Limitation of Liability.
  Except for acts of omission or commission, with a specific intent to defraud, neither the members of the authority, nor any person or persons acting...
• 2334 - Termination of the Authority.
  Whenever all of the bonds issued by the authority shall have been redeemed or cancelled, and all straight-lease transactions have been terminated, the authority shall...
• 2336 - Title Not Affected If in Part Unconstitutional or Ineffective.
  If any section, clause or provisions of this title shall be unconstitutional or be ineffective in whole or in part, to the extent that it...
• 2338 - 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