New York Public Authorities Law Title 28-B - SCHENECTADY METROPLEX DEVELOPMENT AUTHORITY

• 2650 - Short Title.
  This title shall be known and may be cited as the "Schenectady Metroplex Development Authority Act".
• 2651 - Statement of Legislative Findings.
  It is hereby found, determined and declared that there is an immediate need to institute a comprehensive, coordinated program of economic development activities in the...
• 2652 - 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 public...
• 2653 - Schenectady Metroplex Developement Authority.
  2653. Schenectady metroplex development authority. 1. The Schenectady metroplex development authority is hereby created. Such authority shall be a body corporate and politic constituting a...
• 2654 - Schenectady Metroplex Service District.
  1. The Schenectady metroplex service district shall include all real property within the county of Schenectady, from the Albany county/Schenectady county border to the Montgomery...
• 2655 - General Purposes and Powers of the Authority.
  The general purposes of the authority shall be to design, develop, plan, finance, create, site, construct, renovate, administer, operate, manage, and maintain all metroplex facilities...
• 2655-a - Bylaws of the Authority.
  1. The board shall draft proposed bylaws for the organization and procedure of the authority. Such bylaws shall be consistent with the provisions of this...
• 2655-b - Public Hearings of the Authority.
  Prior to the adoption of any project where the authority would: 1. expend more than five hundred thousand dollars; 2. borrow money or issue bonds...
• 2655-c - Capital Plan of the Authority.
  On or before the first day of March, the authority shall annually produce, and present at a public hearing for public comment, a five-year capital...
• 2655-d - Reports of the Authority.
  1. In addition to any other report required by this title, the authority, through its chairman, shall annually deliver, in oral and written form, a...
• 2656 - Contracts.
  1. Construction contracts let by the authority shall be in conformity with the applicable provisions of section one hundred thirty-five of the state finance law....
• 2657 - Employees, Civil Service.
  1. The appointment and promotion of all non-exempt/non-management confidential employees of the authority shall be made in accordance with the civil service law and the...
• 2658 - Code of Ethics.
  1. As used in this section the term "authority employee" shall mean any member, officer or employee of the authority. 2. No authority employee shall...
• 2659 - Acquisition of Land.
  The authority, upon the terms and conditions approved by resolution of the authority, shall have the power to acquire real property located within the service...
• 2660 - Request for State Assistance.
  1. Should the chairman of the authority determine that state assistance is necessary for the authority to achieve its lawful goals, powers and purposes, the...
• 2661 - Request for Municipal Assistance.
  1. Notwithstanding the provisions of any general or special law to the contrary, the county of Schenectady may transfer to the authority from funds appropriated...
• 2662 - Private Donations.
  Notwithstanding the provisions of any general or special law to the contrary, any person may donate, give, tender or provide, and the authority may receive,...
• 2663 - Monies of the Authority.
  1. All monies of the authority from whatever source derived shall be paid to the treasurer of the authority and shall be deposited forthwith in...
• 2664 - Return of Moneys to the County of Schenectady.
  1. In the event that the revenues of the authority exceed its current liabilities by more than fifty percent at the end of its first...
• 2665 - Bonds or Notes of the Authority.
  1. The authority shall have the power and is hereby authorized from time to time to issue bonds, notes or other obligations in conformity with...
• 2666 - Bonds; Legal Investment for Fiduciaries.
  The bonds of the authority are hereby made securities in which all public officers and bodies of the state and all municipalities, all insurance companies...
• 2667 - Tax Exemption and Tax Contract by the State.
  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...
• 2668 - Remedies of Bondholders.
  Subject to any resolution or resolutions adopted pursuant to this title: 1. In the event that the authority shall default in the payment of principal...
• 2669 - State, County and Municipalities Not Liable on Bonds.
  Neither the state, the county nor any municipality therein shall be liable on the bonds or notes of the authority and such bonds or notes...
• 2669-a - Agreement With State.
  The state does hereby pledge to and agree with the holders of any bonds issued by the authority pursuant to this title and secured by...
• 2669-b - Agreement With County.
  1. The county is authorized to pledge to and agree with the holders of any bonds issued by the authority pursuant to this title and...
• 2670 - Actions Against Authority.
  1. Except in an action for wrongful death, no action or special proceeding shall be prosecuted or maintained against the authority, its members, officers or...
• 2671 - Limitation of Liability; Indemnification.
  1. Neither the members of the authority nor any person acting in its behalf, while acting within the scope of their authority, shall be subject...
• 2672 - Assistance by State Officers, Departments, Boards and Commissions.
  The department of audit and control, department of law, and all other state officers, agencies, departments, boards, divisions offices, and commissions may render such services...
• 2673 - Audit, Annual Report, County Approval of Certain Projects.
  1. The accounts of the authority shall be subject to the supervision of the state comptroller and an annual audit shall be performed by an...
• 2674 - Separability.
  If any provision of any section of this title or the application thereof to any person or circumstance shall be adjudged invalid by a court...

Last modified: February 3, 2019