New York § 3054 Administration of the corporation

New York Statutes

§ 3054 — Administration of the corporation

New York § 3054

Law PBAPublic Authorities

Title 4Municipal Assistance Corporation For the City of Troy

Art. 10New York State Municipal Assistance Corporation Act

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Bluebook

N.Y. Public Authorities § 3054 (2026).

Text

  § 3054. Administration of the corporation. The corporation shall be\nadministered by a board of directors, consisting of seven directors,\nnone of whom shall be officers or employees of the federal government or\nof the state or political subdivisions thereof. Five of the directors\nshall be appointed by the governor. One of the directors shall be\nappointed by the majority leader of the senate and one of the directors\nshall be appointed by the speaker of the assembly. Each of the members\nof the board of directors shall serve at the pleasure of the appointed\nofficial. Directors of the corporation may also be members of the\nsupervisory board created for the city of Troy pursuant to section ten\nof chapter seven hundred twenty-one of the laws of nineteen hundred\nninety-four, as amende

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§ 3054. Administration of the corporation. The corporation shall be\nadministered by a board of directors, consisting of seven directors,\nnone of whom shall be officers or employees of the federal government or\nof the state or political subdivisions thereof. Five of the directors\nshall be appointed by the governor. One of the directors shall be\nappointed by the majority leader of the senate and one of the directors\nshall be appointed by the speaker of the assembly. Each of the members\nof the board of directors shall serve at the pleasure of the appointed\nofficial. Directors of the corporation may also be members of the\nsupervisory board created for the city of Troy pursuant to section ten\nof chapter seven hundred twenty-one of the laws of nineteen hundred\nninety-four, as amended from time to time. The corporation shall have\nthe power to make and execute contracts to pay the expenses of operation\nof the supervisory board for the city of Troy, within the appropriation\navailable therefor.\n