Negotiability of bonds
Source:
Section 56 — Negotiability of bonds, https://www.nysenate.gov/legislation/laws/TRA/56 (updated Sep. 22, 2014; accessed Feb. 28, 2026).
40
Definitions 41
Organization 42
Scope of jurisdiction 43
Powers and duties 44
Officers and employees 45
Vacancies and removals 46
Non-liability of authority members 47
Disqualification of members and employees 48
Not within jurisdiction of public service commission 49
Plans for proposed municipal projects 50
Statewide transportation planning 51
Comprehensive regional planning 52
Construction contracts, cancellation of contracts, disqualification to contract with mass transportation authority, statement of non-coll... 53
Financial assistance from and cooperation with the state and federal governments 54
Bonds 55
Provisions of bonds 56
Negotiability of bonds 57
Signature on bonds 58
Repurchase of bonds 59
Suit on bonds 60
Bond covenants 61
Bonds and notes as legal investments 62
Remedies against the Utica transit authority 62–A
Actions against authority 63
Liability of state or municipality 64
Tax exemptions 65
Depositories of funds 66
Filing of by-laws, rules and regulations 67
Dissolution 68
Disposal of records 69
Reproduction of records
Definitions 41
Organization 42
Scope of jurisdiction 43
Powers and duties 44
Officers and employees 45
Vacancies and removals 46
Non-liability of authority members 47
Disqualification of members and employees 48
Not within jurisdiction of public service commission 49
Plans for proposed municipal projects 50
Statewide transportation planning 51
Comprehensive regional planning 52
Construction contracts, cancellation of contracts, disqualification to contract with mass transportation authority, statement of non-coll... 53
Financial assistance from and cooperation with the state and federal governments 54
Bonds 55
Provisions of bonds 56
Negotiability of bonds 57
Signature on bonds 58
Repurchase of bonds 59
Suit on bonds 60
Bond covenants 61
Bonds and notes as legal investments 62
Remedies against the Utica transit authority 62–A
Actions against authority 63
Liability of state or municipality 64
Tax exemptions 65
Depositories of funds 66
Filing of by-laws, rules and regulations 67
Dissolution 68
Disposal of records 69
Reproduction of records
