N.Y. Public Authorities Law Section 1344
Interest of members or employees of authority in contracts prohibited

It shall be a misdemeanor for a member of the authority or an officer, agent, servant or employee employed by or appointed by the authority, to be in any way or manner interested, directly or indirectly, as principal, surety or otherwise, in a contract, the expense or consideration whereof is payable out of the funds of the authority.

Source: Section 1344 — Interest of members or employees of authority in contracts prohibited, https://www.nysenate.gov/legislation/laws/PBA/1344 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

1325
Short title 1326
Definitions 1327
Central New York regional transportation district 1328
Central New York regional transportation authority 1329
Purposes of the authority 1330
Formulation, filing and adoption of action plan 1330‑A
Filing five year performance, capital and operating finance plans 1331
General powers of the authority 1332
Special powers of the authority 1332‑A
Restrictions 1333
Acquisition and disposition of real property 1334
Cooperation and assistance of other agencies 1335
Notes and bonds of the authority 1336
Reserve funds and appropriations 1337
Agreement of the state 1338
Right of state to require redemption of bonds 1339
Remedies of noteholders and bondholders 1340
Notes and bonds as legal investment 1341
Exemption from taxation 1342
Actions against the authority 1343
Agreements relating to payment in lieu of taxes 1344
Interest of members or employees of authority in contracts prohibited 1345
Fiscal year 1346
Consent by the state 1347
Separability 1348
Effect of inconsistent provisions

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 1344’s source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._public_authorities_law_section_1344

Original Source: Section 1344 — Interest of members or employees of authority in contracts prohibited, https://www.nysenate.gov/legislation/laws/PBA/1344 (last accessed Aug. 20, 2023).