N.Y. Public Authorities Law Section 569
Protection of prior bondholders


Nothing in this title contained shall be deemed in any way to limit or alter the rights 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 to fulfill the terms of any agreements made with the holders of bonds issued or authorized to be issued prior to January first, nineteen hundred forty-six, or in any way to impair the rights and remedies thereunder of the holders of such bonds.

Source: Section 569 — Protection of prior bondholders, https://www.­nysenate.­gov/legislation/laws/PBA/569 (updated Sep. 22, 2014; accessed Jun. 22, 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Inconsistent provisions in other acts superseded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:
Jun. 22, 2024

Last modified:
Sep. 22, 2014

§ 569’s source at nysenate​.gov

Link Style