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 May 11, 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
Green check means up to date. Up to date

Accessed:
May 11, 2024

Last modified:
Sep. 22, 2014

§ 1285-B’s source at nysenate​.gov

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