New York Statutes
§ 1225-C — Transit construction fund
New York·Law PBA Public Authorities·Title 9-A Transit Construction Fund·Art. 5 Public Utility Authorities
§ 1225-c. Transit construction fund.
(a)There is hereby created the\ntransit construction fund. The fund is a corporate governmental agency\nconstituting a public benefit corporation. It has the powers and\nprivileges of a corporation and all of its business shall be transacted,\nall funds invested, all warrants for money drawn and payments made, and\nall cash and securities and other personal property held under its\ncorporate name.\n (b) The fund shall continue until all its liabilities have been met or\notherwise discharged and until its existence shall have been terminated\nby law. Upon the termination of the existence of the fund, all of its\nrights and property shall pass to and be vested in the city.\n
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Nearby Sections
15
§ 1225-A
Short title§ 1225-B
Definitions§ 1225-C
Transit construction fund§ 1225-D
Purpose of the fund§ 1225-E
Administration of the fund§ 1225-F
General powers of the fund§ 1225-H
Resources of the fund§ 1225-I
Payments to the fund§ 1225-J
Federal, state and other aid§ 1225-K
Title to property§ 1225-L
Employees of the fund§ 1225-M
Actions against fund§ 1225-N
Assistance to the fund