N.Y. Public Authorities Law Section 553-D
Special Triborough bridge and tunnel authority special obligation bonds and notes


In addition to the powers contained elsewhere in this title with respect to the projects authorized by paragraphs (m), (n), (o), (p) and (r) of subdivision nine of § 553 (Powers of the authority)section five hundred fifty-three of this title, and subject to the application of the revenues and other monies and assets of the authority pursuant to § 1270-D (Consolidated financings)section twelve hundred seventy-d of this chapter, the authority may issue its bonds and notes to finance such projects payable from and secured by all or any part of the moneys received by the authority from the metropolitan transportation authority special assistance fund established under § 1270-A (Metropolitan transportation authority special assistance fund)section twelve hundred seventy-a of this chapter, provided however that such bonds and notes may also be payable from and secured by any other moneys, securities and funds designated by the authority as additional security therefor. Debt service on bonds and notes issued by the authority pursuant to this section which is paid or reimbursed from moneys received by the authority from the metropolitan transportation authority special assistance fund shall not be deemed to constitute debt service incurred by the authority for purposes of subdivision three of section twelve hundred nineteen-a of this chapter. Such bonds or notes shall be issued in the manner provided in § 561 (Bonds of the authority)section five hundred sixty-one of this title.

Source: Section 553-D — Special Triborough bridge and tunnel authority special obligation bonds and notes, https://www.­nysenate.­gov/legislation/laws/PBA/553-D (updated Sep. 22, 2014; accessed Oct. 26, 2024).

550
Short title
551
Definitions
552
Triborough bridge and tunnel authority
552‑A
Consolidation
553
Powers of the authority
553‑A
Additional powers in relation to Brooklyn Richmond project
553‑B
Additional powers and provisions in relation to convention center
553‑C
Additional powers and provisions in relation to railroad and rapid transit projects
553‑D
Special Triborough bridge and tunnel authority special obligation bonds and notes
553‑E
Laws applicable to certain activities
553‑F
Tokens
553‑G
Fire training
553‑H
Tokens
553‑I
Marine Parkway Bridge
553‑J
Additional powers and provisions in relation to central business district tolling program
553‑K
Traffic mobility review board
554
Transfer of officers and employees
555
Selection of site
556
Acquisition of lands by the city for the project
557
Grant of land by the city to the authority
557‑A
Lands, easements and rights in land
558
Consent of state
559
Construction contracts
560
Moneys of the authority
561
Bonds of the authority
562
Redemption of bonds
563
Agreement of the state
564
State and city not liable on bonds
565
Bonds legal investments for fiduciaries
566
Exemptions from taxation
566‑A
Tax contract by the state
567
Remedies of bondholders
568
Continuity of jurisdiction
569
Protection of prior bondholders
569‑A
Actions against the authority
569‑B
Restrictions on signs and billboards
569‑C
Transfer and receipt of surplus funds
569‑D
Protection of bondholders
570
Title not affected if in part unconstitutional or ineffective
571
Inconsistent provisions in other acts superseded

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 553-D’s source at nysenate​.gov

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