N.Y. Public Housing Law Section 46
Suit on authority bonds


In any suit, action or proceeding upon any bond of an authority or the security therefor, any such bond reciting in substance that it has been issued by the authority to aid in financing a project to provide dwelling accommodations for persons of low income pursuant to the procedure required in this chapter shall be conclusively deemed to have been issued for a project of such character and pursuant to such procedure.

Source: Section 46 — Suit on authority bonds, https://www.­nysenate.­gov/legislation/laws/PBG/46 (updated Sep. 22, 2014; accessed Jun. 15, 2024).

30
Organization of authorities
31
Scope of authority’s jurisdiction
32
Officers and employees
33
Transfer of officers and employees
34
Vacancies and removals
35
Non-liability of authority members
36
Disqualification of members and employees of authorities
37
Powers of authority
38
An authority shall file with the commissioner a copy of each proposed project embodying the plans, layout, estimated costs and proposed m...
39
Projects financed solely by authorities
40
Aid from and cooperation with federal government
41
Power to issue authority bonds
42
Provisions of authority bonds
44
Signature on authority bonds
45
Repurchase of authority bonds
46
Suit on authority bonds
47
Bond covenants of an authority
48
Guaranteed indebtedness of an authority
49
Authority obligations as legal investments and legal security for deposits by public officers
50
Foreclosure and other remedies against an authority
51
Liability of state or municipality
52
Tax exemptions of an authority
53
Depositories of authority funds
54
Filing by authority of by-laws, rules and regulations
55
Projects undertaken by municipalities
55‑A
Facilities incidental or appurtenant to a project
56
Authorities created prior to the enactment of this chapter
57
Dissolution of authorities
58
Sale or lease of municipal projects by authorities
58‑A
Sale of dwelling units by authorities
58‑B
Sale or lease of project in connection with federal program of assistance for low income housing
59
Disposal of records
60
Reproduction of records
61
Tenant meetings in common areas

Accessed:
Jun. 15, 2024

Last modified:
Sep. 22, 2014

§ 46’s source at nysenate​.gov

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