New York Public Authorities Law Title 33 - NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY

• 2799-Aa - Short Title.
  This title shall be known and may be cited as the "New York City Transitional Finance Authority Act".
• 2799-Bb - Definitions.
  For the purposes of this title, unless the context otherwise requires: 1. "Alternative revenues" means (i) sales and compensating use taxes that the city is...
• 2799-Cc - New York City Transitional Finance Authority.
  1. There is hereby created the New York city transitional finance authority. The authority shall be a corporate governmental agency constituting a public benefit corporation...
• 2799-Dd - Administration of the Authority.
  1. The authority shall be administered by five directors, consisting of the director of management and budget, the commissioner of finance of the city, the...
• 2799-Ee - General Powers of the Authority.
  Except as otherwise limited by this title, the authority shall have the following powers in addition to those specially conferred elsewhere in this title, subject...
• 2799-Ff - Declaration of Need.
  1. The mayor shall determine and declare at least annually whether a capital financing need exists. When the mayor determines that a capital financing need...
• 2799-Gg - Bonds of the Authority.
  1. The authority shall have the power and is hereby authorized from time to time to issue bonds, in conformity with applicable provisions of the...
• 2799-Hh - Resources of the Authority.
  1. Subject to the provisions of this title, the directors of the authority shall receive, accept, invest, administer, expend and disburse for its corporate purposes...
• 2799-Ii - Agreement With the State.
  The state does hereby pledge and agree with the holders of any issue of bonds and/or bond anticipation notes secured by such a pledge that...
• 2799-Jj - Agreement With the City.
  The city is authorized to pledge and agree with the holders of any issue of bonds and/or bond anticipation notes secured by such a pledge...
• 2799-Kk - Bonds Legal for Investment and Deposit.
  The bonds of the authority are hereby made securities in which all public officers and bodies of the state and all public corporations, municipalities and...
• 2799-Ll - 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...
• 2799-Mm - Actions Against the Authority.
  1. Except in an action for wrongful death, no action or proceeding shall be prosecuted or maintained against the authority for personal injury or damage...
• 2799-Nn - Audit.
  The accounts of the authority shall be subject to the supervision and audit of the comptroller and the state comptroller. In addition, the authority shall...
• 2799-Oo - Remedies of Bondholders.
  Subject to any resolution or resolutions adopted pursuant to paragraph (g) of subdivision six of section twenty-seven hundred ninety-nine-gg of this title: 1. In the...
• 2799-Pp - Assistance to the Authority; Employees of the Authority.
  1. With the consent of any public corporation, the authority may use agents, employees and facilities thereof, paying to such public corporation its agreed proportion...
• 2799-Qq - Equal Employment Opportunity Program and Procurement Guidelines.
  1. Notwithstanding any other inconsistent provision of law, section 8-107 of the administrative code of the city of New York shall apply to the activities...
• 2799-Rr - Effect of Inconsistent Provisions.
  Insofar as the provisions of this title are inconsistent with the provisions of any other act, general or special, or of any charter, local law,...
• 2799-Ss - Additional Bonds of the Authority.
  Notwithstanding any provision of this title or of any other law to the contrary, the authority is hereby authorized to issue bonds, notes or other...
• 2799-Tt - Additional Bonds of the Authority.
  1. Notwithstanding any provision of this title or of any other law to the contrary, the authority is hereby authorized to issue bonds, notes or...
• 2799-Uu - Separability.
  If any clause, sentence, paragraph, section, or part of this title shall be adjudged by any court of competent jurisdiction to be invalid, such judgment...

Last modified: February 3, 2019