New York § 1856 Acquisition of real property

New York Statutes

§ 1856 — Acquisition of real property

New York § 1856

Law PBAPublic Authorities

Title 9New York State Energy Research and Development Authority

Art. 8Miscellaneous Authorities

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Bluebook

N.Y. Public Authorities § 1856 (2026).

Text

§ 1856. Acquisition of real property.

1.Upon determination by the\nauthority that any real property is necessary for its corporate\npurposes, the commissioner shall, if so requested by the authority,\nacquire the same in the name of the state by dedication, by agreement,\nby condemnation pursuant to the condemnation law, or by appropriation in\nthe manner provided by section thirty of the highway law, and payment\ntherefor shall be made by the authority from the proceeds of sale of its\nbonds, notes or other obligations, or from other available moneys\ntherefor. The authority shall hold such property in the name of the\nstate and shall have the right to possess and use for its corporate\npurposes, so long as its corporate existence shall continue, all such\nreal property and rights in r

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§ 1856. Acquisition of real property. 1. Upon determination by the\nauthority that any real property is necessary for its corporate\npurposes, the commissioner shall, if so requested by the authority,\nacquire the same in the name of the state by dedication, by agreement,\nby condemnation pursuant to the condemnation law, or by appropriation in\nthe manner provided by section thirty of the highway law, and payment\ntherefor shall be made by the authority from the proceeds of sale of its\nbonds, notes or other obligations, or from other available moneys\ntherefor. The authority shall hold such property in the name of the\nstate and shall have the right to possess and use for its corporate\npurposes, so long as its corporate existence shall continue, all such\nreal property and rights in real property so acquired.\n 2. At any time after this title shall become effective, the authority\nmay, by resolution, assume jurisdiction over and hold in the name of the\nstate all or any part of the real property acquired and held in the name\nof the state by the state office of atomic development. Upon the\neffective date of such resolution, the authority shall hold any such\nreal property in the name of the state and shall have the right to\npossess and use for its corporate purposes, so long as its corporate\nexistence shall continue, any such real property.\n