New York Public Authorities Law Sub Title 1 - SUBTITLE I GENERAL PROVISIONS

• 1800 - Short Title.
  This title may be cited as the "New York job development authority act."
• 1801 - Definitions.
  As used or referred to in this title, unless a different meaning clearly appears from the context: 1. "Assisted project" shall mean any project in...
• 1802 - New York Job Development Authority.
  1. There is hereby created the "New York job development authority." The authority shall be a body corporate and politic constituting a public benefit corporation....
• 1803 - Purposes of the Authority.
  The purposes of the authority shall be: 1. To assist, promote, encourage, develop and advance the general prosperity and economic welfare of the people of...
• 1803-a - Additional Duties of the Authority.
  It shall be the duty of the authority to make rules and regulations governing the exercise of its corporate powers and the fulfillment of its...
• 1804 - General Powers and Duties of the Authority.
  Subject to the other provisions of this title and the provisions of any contract with bondholders or noteholders, the authority shall have the following powers...
• 1804-a - Deed in Lieu of Foreclosure.
  1. The authority is hereby authorized to require at the time of the making of the loan or issuance of the loan guarantee, or at...
• 1805 - Issuance of Bonds and Notes by the Authority.
  1. Subject to the limitations of other provisions of this title, the authority shall have the power and is hereby authorized to borrow money and...
• 1806 - Exemption From Taxation of the Property and Income of the Authority.
  The property of the authority and its income and operations shall be exempt from taxation.
• 1807 - Exemption From Taxation of Bonds and Notes of the Authority.
  The state covenants with the purchasers and with all subsequent holders and transferees of bonds and notes issued by the authority pursuant to this title,...
• 1808 - Bonds and Notes of the Authority Legal Investments for Fiduciaries.
  The bonds and notes of the authority are hereby made securities in which all public officers and bodies of the state and all municipalities and...
• 1809 - Right of State to Require Redemption of Bonds.
  Notwithstanding and in addition to any provisions for the redemption of bonds which may be contained in any contract with the holders of the bonds,...
• 1810 - Moneys of the Authority.
  1. All moneys of the authority, from whatever source derived, shall be paid to the commissioner of taxation and finance as agent of the authority,...

Last modified: February 3, 2019