N.Y. Public Authorities Law Section 158
Competing highways not to be authorized

The state of New York does pledge to and agree with the holders of any bonds that the state will not authorize the construction or maintenance of any parkway, causeway, bridge, tunnel, street, road, highway or other connection for vehicular traffic, which will be competitive with Jones Beach parkway, nor will it limit or alter the rights hereby vested in the authority to establish and collect such charges and tolls as may be convenient or necessary to produce sufficient revenue to meet the expense of maintenance and operation and fulfill the terms of any agreements made with the holders of the bonds, or in any way impair the rights and remedies of bondholders, until the bonds, together with interest thereon, with interest on any unpaid installments of principal and interest, and all costs and expenses in connection with any actions or proceedings, by or on behalf of the bondholders, are fully met and discharged; provided that a parkway, causeway, bridge, tunnel, street, road, highway or other connection for vehicular traffic shall be considered as competitive only if it shall form a connection for vehicular traffic between the mainland of Long Island and the island of Long Beach east of the most easterly point of the present city of Long Beach or between the mainland of Long Island and the island on which Jones Beach park is located west of the most easterly point of Oak island, or between the island of Long Beach and the island on which Jones Beach park is located. This section shall be effective only so long as bonds issued by the authority prior to January first, nineteen hundred thirty-nine shall be outstanding and unpaid. * NB (Authority abolished June 30, 1978)

Source: Section 158 — Competing highways not to be authorized, https://www.nysenate.gov/legislation/laws/PBA/158 (updated Sep. 22, 2014; accessed Jan. 18, 2025).

150
Short title 151
Definitions 152
Jones Beach State Parkway Authority 153
Powers of the authority 153‑A
Additional powers of the authority 153‑B
Further additional powers of the authority 153‑C
Financial disclosure by authority prior to toll or fare increase 154
Towns of Hempstead, Babylon and Islip may convey land 155
Title to additional lands acquired 156
Moneys of the authority 157
Bonds of the authority 158
Competing highways not to be authorized 158‑A
Covenants of the state 158‑B
Acquisition of real property 158‑C
Relocation of dwellings 159
State not liable on bonds 160
Bonds legal investments for public officers and fiduciaries 161
Bonds to be tax exempt 161‑A
Tax contract by the state 162
Remedies of bondholders 163
Rules and regulations 163‑A
Jurisdiction in certain suits against the authority 164
Title not affected if in part unconstitutional or ineffective 165
Inconsistent provisions in other acts superseded

Up to date

Accessed:
Jan. 18, 2025

Last modified:
Sep. 22, 2014

§ 158’s source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._public_authorities_law_section_158

Original Source: Section 158 — Competing highways not to be authorized, https://www.nysenate.gov/legislation/laws/PBA/158 (last accessed Aug. 20, 2023).

N.Y. Public Authorities Law Section 158 Competing highways not to be authorized

N.Y. Public Authorities Law Section 158
Competing highways not to be authorized