New York Statutes

§ 1206-A — Transit construction fund

New York·Law PBA Public Authorities·Title 9 New York City Transit Authority·Art. 5 Public Utility Authorities

§ 1206-a. Transit construction fund. In addition to the powers\nprovided elsewhere in this title, and to effectuate the purposes of the\ntransit construction fund act, constituting title nine-a of article five\nof this chapter, the authority or any subsidiary may:

(a)acquire and\nuse any transit facility in accordance with the terms and conditions of\nany sublease or other agreement with the transit construction fund;
(b)\nauthorize the use by the transit construction fund, either with or\nwithout compensation to the authority, of the agents, employees and\nfacilities of the authority;
(c)make and execute contracts, leases,\nsubleases and all other instruments or agreements deemed necessary or\nconvenient including agreements with the metropolitan transportation\nauthority and the tran

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