N.Y. Public Authorities Law Section 1285-B
Additional special powers of the corporation with respect to projects and persons


In order to effectuate the purposes of this title, the corporation shall have the following additional special powers;

(1)

to extend credit and make loans to a person or persons for the construction or acquisition of a project or for the reimbursement to a person or persons for costs incurred in connection with a project completed or not completed at the time of such credit or loan, which credits or loans may, but need not, be secured by mortgages, contracts or other instruments, upon such terms and conditions as the corporation shall determine reasonable in connection with such credits or loans, and

(2)

in the exercise of powers granted in this section in connection with a project for a person or persons, to require the inclusion in any contract, loan agreement or other instrument, of such provisions for the financing of such project and such other financial and other covenants applying to such person or persons, as the corporation may deem necessary or desirable and to do all things and to execute all instruments necessary and desirable in connection therewith. In connection with the extension of any such credit or loan, the corporation may fix and collect such fees and charges, including but not limited to reimbursement of all costs of financing by the corporation as the corporation shall determine to be reasonable. In connection with such extension of credit or loan to such person or persons for the construction or acquisition of a project as provided above, such person or persons shall submit to the corporation an application for the extension of credit or loan as set forth in the application. The corporation may deny such application for any reason it deems appropriate in the public interest. The extension of any such credit or loan is subject to the ability of the corporation to secure the necessary financing and subject to the obtaining by such person or persons of certification by the commissioner of environmental conservation that the project for which such credit or loan is extended is intended to meet or exceed applicable state environmental standards as set forth in law, rules and regulations.

Source: Section 1285-B — Additional special powers of the corporation with respect to projects and persons, https://www.­nysenate.­gov/legislation/laws/PBA/1285-B (updated Sep. 22, 2014; accessed Jun. 22, 2024).

1280
Short title
1281
Definitions
1282
New York state environmental facilities corporation
1283
Purposes of the corporation
1284
General powers of the corporation
1285
Special powers of the corporation
1285‑A
Construction, operation and maintenance of air pollution control facilities, water management facilities and storm water collecting systems
1285‑B
Additional special powers of the corporation with respect to projects and persons
1285‑C
Construction, operation and maintenance of industrial hazardous waste treatment, storage and disposal facilities
1285‑D
Studies regarding design, construction and operation of industrial waste treatment, storage and disposal facilities
1285‑E
Inactive hazardous waste disposal site remedial programs
1285‑F
Program for ultimate disposal of hazardous wastes
1285‑G
Industrial materials recycling program
1285‑H
Inactive hazardous waste disposal site remedial programs
1285‑I
Commercial and industrial waste audits
1285‑J
Water pollution control revolving fund
1285‑K
Financing of the design, acquisition, construction, improvement and installation of Riverbank Park
1285‑L
State park infrastructure projects
1285‑M
Drinking water revolving fund
1285‑N
Issuance and sale of recipient bonds and notes
1285‑O
Pipeline for jobs fund
1285‑P
State environmental infrastructure projects
1285‑Q
Financing of hazardous waste site remediation projects
1285‑R
State beginning farmer program
1285‑S
New York state intermunicipal water infrastructure grants program
1285‑T
Water infrastructure emergency financial assistance
1285‑U
Septic system replacement fund
1286
Acquisition and disposition of real property
1287
Construction contracts
1288
Co-operation and assistance of other agencies
1289
Transfer of officers and employees
1290
Notes and bonds of the corporation
1290‑A
Insurance and guarantees
1291
Reserve funds and appropriations
1292
Agreement of the state
1293
Right of state to require redemption of bonds
1294
Remedies of noteholders and bondholders
1295
Notes and bonds as legal investment
1296
Exemption from taxation
1297
Actions against the corporation
1298
Title not affected if in part unconstitutional or ineffective

Accessed:
Jun. 22, 2024

Last modified:
Sep. 22, 2014

§ 1285-B’s source at nysenate​.gov

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