N.Y. Public Authorities Law Section 1020-O
Agreement of the state

1.

The state of New York does hereby pledge to and agree with the holders of any obligations issued under this title and the parties to any contracts with the authority hereunder that the state will not limit or alter the rights hereby vested in the authority until such obligations together with the interest thereon are fully met and discharged and/or such contracts are fully performed on the part of the authority, provided that nothing herein contained shall preclude such limitation or alteration if and when adequate provision shall be made by law for the protection of the holders of such obligations of the authority, or those entering into such contracts with the authority. The authority as agent for the state is authorized to include this pledge and agreement by the state in all agreements with the holders of such obligations and in all such contracts.

2.

Nothing in this title shall be construed as diminishing or enlarging any valid existing rights under any license heretofore issued pursuant to the provisions of the federal power act. * NB There are 2 § 1020-o’s

Source: Section 1020-O — Agreement of the state, https://www.­nysenate.­gov/legislation/laws/PBA/1020-O (updated Sep. 22, 2014; accessed Oct. 26, 2024).

1020
Short title 1020‑A
Declaration of legislative findings and declarations 1020‑AA
Conflicts of interest 1020‑B
Definitions 1020‑BB
Exculpation 1020‑C
Long Island power authority 1020‑CC
Authority subject to certain provisions contained in the state finance law, the public service law, the social services law and the gener... 1020‑D
Board of trustees 1020‑DD
Authority not to seek nor any subsidiary of the authority, to apply for or accept preference hydroelectricity 1020‑E
Officers and employees 1020‑EE
Nine Mile Point II 1020‑F
General powers of the authority 1020‑FF
Rates charged to veterans’ organizations 1020‑G
Powers to provide and maintain generating, transmission and resource recovery waste to energy facilities 1020‑GG
Energy plan 1020‑H
Acquisition of property, including the exercise of the power of eminent domain 1020‑HH
Green jobs-green New York on-bill recovery 1020‑I
Subsidiaries 1020‑II
Public notice before approval of utility transmission facilities 1020‑J
Notes of the authority 1020‑JJ
Energy storage deployment policy 1020‑K
Bonds of the authority 1020‑KK
Semi-annual expenditure and lobbying report 1020‑L
State and municipalities not liable on bonds or notes 1020‑LL
Pilot thermal energy network projects 1020‑M
Legal investments 1020‑MM
Prioritization of emergency services 1020‑N
Deposit and investment of moneys of the authority 1020‑O
Agreement of the state 1020‑P
Exemption from taxation 1020‑Q
Payments in lieu of taxes 1020‑R
Repayment of state appropriations 1020‑S
Public service law generally not applicable to authority 1020‑T
Authority not to construct or operate a nuclear powered facility in the service area 1020‑U
Employees of the authority not subject to the public employees’ fair employment act 1020‑V
Equal employment opportunity and minority and women owned business enterprise programs 1020‑W
Audit and annual reports 1020‑X
Authority subject to open meetings law 1020‑XX
Liberal interpretation 1020‑Y
Court proceedings 1020‑YY
Severability 1020‑Z
Corporate existence 1020‑ZZ
Inconsistent provisions of other laws superseded
Green check means up to date. Up to date

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 1020-O’s source at nysenate​.gov

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