N.Y. Public Authorities Law Section 2799-TTT
Conflicts of interest

Eligibility for appointment as a director, officer or employee of the authority shall be subject to the provisions of § 2825 (Membership on authorities and commissions)section twenty-eight hundred twenty-five of this chapter. In addition to the requirements of such section:

1.

It shall be a misdemeanor for any member, officer or employee of the authority to be in any way or manner interested, directly or indirectly, in the furnishing of work, materials, supplies or labor, or in any contract therefore which the authority is empowered by this title to make.

2.

If any director, officer or employee of the authority shall have an interest, either direct or indirect, in any contract to which the authority is or is to be a party, such interest shall be disclosed to the authority in writing and shall be set forth in the minutes of the authority. The director, officer or employee having such interest shall not participate in any action by the authority with respect to such contract.

3.

No director, officer or employee of the authority shall be deemed to have such an interest solely by reason of the ownership of two percent or less of the securities of a corporation which is or is to be a party to a contract with the authority, including without limitation the holding company of any banking institution in which the funds of the authority are, or are to be deposited, or which is or is to be acting as trustee or paying agent under any bond or note resolution, trust indenture or similar instrument to which the authority is a party.

4.

Nothing in this section shall be deemed or construed to limit the right of any director, officer or employee of the authority to acquire an interest in the securities of the authority.

Source: Section 2799-TTT — Conflicts of interest, https://www.nysenate.gov/legislation/laws/PBA/2799-TTT (updated Sep. 22, 2014; accessed Jul. 12, 2025).

2799–AAA
Short title 2799–BBB
Statement of legislative findings and purpose 2799–CCC
Definitions 2799–DDD
Syracuse regional airport authority 2799–EEE
Advances on behalf of authority, transfer of property to authority, acquisition of property by city or authority 2799–FFF
Transfer of officers and employees 2799–GGG
General powers of the authority 2799–GGG–1
Authority police force 2799–HHH
Special powers of the authority 2799–III
City notice required 2799–JJJ
Bonds of the authority 2799–KKK
Remedies of bondholders 2799–LLL
State, county, and city not liable on authority bonds 2799–MMM
Moneys of the authority 2799–NNN
Bonds legal investment for fiduciaries 2799–OOO
Agreement with state 2799–PPP
Agreement with city 2799–QQQ
Exemption from taxes, assessments and certain fees 2799–RRR
Actions against authority 2799–SSS
Contracts 2799–TTT
Conflicts of interest 2799–UUU
Agreements relating to payment in lieu of taxes 2799–VVV
Audit and annual report 2799–WWW
Limited liability 2799–XXX
Transfer of applications, proceedings, approvals and permits 2799–XXX–1
Website 2799–YYY
Severability 2799–ZZZ
Effect of inconsistent provisions

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N.Y. Public Authorities Law Section 2799-TTT Conflicts of interest

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N.Y. Public Authorities Law Section 2799-TTT
Conflicts of interest