Bill Text: NY S03967 | 2015-2016 | General Assembly | Introduced


Bill Title: Creates the Peconic Bay Regional Transportation Authority, embracing the towns of Brookhaven, East Hampton, Riverhead, Shelter Island, Southampton, and Southold in the county of Suffolk.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-01-06 - REFERRED TO TRANSPORTATION [S03967 Detail]

Download: New_York-2015-S03967-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
           S. 3967                                                  A. 5511
                              2015-2016 Regular Sessions
                             S E N A T E - A S S E M B L Y
                                   February 24, 2015
                                      ___________
       IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
         ed,  and  when printed to be committed to the Committee on Transporta-
         tion
       IN ASSEMBLY -- Introduced by M. of A. THIELE, ENGLEBRIGHT --  read  once
         and referred to the Committee on Corporations, Authorities and Commis-
         sions
       AN  ACT to amend the public authorities law, in relation to the creation
         of the Peconic Bay regional transportation authority
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Article  5  of  the  public authorities law is amended by
    2  adding a new title 11-E to read as follows:
    3                                 TITLE 11-E
    4                PECONIC BAY REGIONAL TRANSPORTATION AUTHORITY
    5  SECTION 1349-A. SHORT TITLE.
    6          1349-B. DEFINITIONS.
    7          1349-C. PECONIC BAY REGIONAL TRANSPORTATION DISTRICT.
    8          1349-D. PECONIC BAY REGIONAL TRANSPORTATION AUTHORITY.
    9          1349-E. PURPOSES OF THE AUTHORITY.
   10          1349-F. FORMULATION, FILING AND ADOPTION OF MASTER PLAN;  AMEND-
   11                    MENTS.
   12          1349-G. FILING  FIVE  YEAR  PERFORMANCE,  CAPITAL  AND OPERATING
   13                    FINANCE PLANS.
   14          1349-H. GENERAL POWERS OF THE AUTHORITY.
   15          1349-I. SPECIAL POWERS OF THE AUTHORITY.
   16          1349-J. ACQUISITION AND DISPOSITION OF REAL PROPERTY.
   17          1349-K. COOPERATION AND ASSISTANCE OF OTHER AGENCIES.
   18          1349-L. NOTES AND BONDS OF THE AUTHORITY.
   19          1349-M. RESERVE FUNDS AND APPROPRIATIONS.
   20          1349-N. AGREEMENT OF THE STATE.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09319-01-5
       S. 3967                             2                            A. 5511
    1          1349-O. RIGHT OF STATE TO REQUIRE REDEMPTION OF BONDS.
    2          1349-P. REMEDIES OF NOTEHOLDERS AND BONDHOLDERS.
    3          1349-Q. NOTES AND BONDS AS LEGAL INVESTMENT.
    4          1349-R. EXEMPTION FROM TAXATION.
    5          1349-S. ACTIONS AGAINST THE AUTHORITY.
    6          1349-T. AGREEMENTS RELATING TO PAYMENT IN LIEU OF TAXES.
    7          1349-U. INTEREST   OF  MEMBERS  OR  EMPLOYEES  OF  AUTHORITY  IN
    8                    CONTRACTS PROHIBITED.
    9          1349-V. FISCAL YEAR.
   10          1349-W. CONSENT BY THE STATE.
   11          1349-X. SEPARABILITY.
   12          1349-Y. EFFECT OF INCONSISTENT PROVISIONS.
   13    S 1349-A. SHORT TITLE. THIS TITLE MAY BE CITED  AS  THE  "PECONIC  BAY
   14  REGIONAL TRANSPORTATION AUTHORITY ACT".
   15    S  1349-B. DEFINITIONS. AS USED OR REFERRED TO IN THIS TITLE, UNLESS A
   16  DIFFERENT MEANING CLEARLY APPEARS FROM THE CONTEXT:
   17    1. "AUTHORITY" SHALL MEAN THE CORPORATION CREATED BY SECTION  THIRTEEN
   18  HUNDRED FORTY-NINE-D OF THIS TITLE.
   19    2. "TRANSPORTATION DISTRICT" AND "DISTRICT" SHALL MEAN THE PECONIC BAY
   20  REGIONAL  TRANSPORTATION  DISTRICT  CREATED  BY SECTION THIRTEEN HUNDRED
   21  FORTY-NINE-C OF THIS TITLE.
   22    3. "PARTICIPATING TOWN" SHALL MEAN ANY OF THE TOWNS DEFINED IN SECTION
   23  THIRTEEN HUNDRED FORTY-NINE-C OF THIS TITLE.
   24    4. "FEDERAL GOVERNMENT" SHALL MEAN THE UNITED STATES OF  AMERICA,  AND
   25  ANY  OFFICER,  DEPARTMENT,  BOARD,  COMMISSION, BUREAU, DIVISION, CORPO-
   26  RATION, AGENCY OR INSTRUMENTALITY THEREOF.
   27    5. "GOVERNOR" SHALL MEAN THE GOVERNOR OF THE STATE OF NEW YORK.
   28    6. "COMPTROLLER" SHALL MEAN THE COMPTROLLER OF THE STATE OF NEW YORK.
   29    7. "DIRECTOR OF THE BUDGET" SHALL MEAN THE DIRECTOR OF THE  BUDGET  OF
   30  THE STATE OF NEW YORK.
   31    8. "STATE" SHALL MEAN THE STATE OF NEW YORK.
   32    9.  "STATE  AGENCY" SHALL MEAN ANY OFFICER, DEPARTMENT, BOARD, COMMIS-
   33  SION, BUREAU, DIVISION, PUBLIC BENEFIT CORPORATION, AGENCY OR INSTRUMEN-
   34  TALITY OF THE STATE.
   35    10. "MUNICIPALITY" SHALL MEAN A CITY,  TOWN,  VILLAGE  OR  COUNTY  NOT
   36  WHOLLY CONTAINED WITHIN A CITY.
   37    11.  "MUNICIPAL  CORPORATION" SHALL MEAN A CITY, TOWN, VILLAGE, COUNTY
   38  NOT WHOLLY CONTAINED WITHIN A  CITY,  SPECIAL  TRANSPORTATION  DISTRICT,
   39  PUBLIC  BENEFIT  CORPORATION OR OTHER PUBLIC CORPORATION, OR TWO OR MORE
   40  OF THE FOREGOING ACTING JOINTLY.
   41    12. "PERSONAL PROPERTY" SHALL MEAN CHATTELS AND OTHER TANGIBLE  THINGS
   42  OF A MOVABLE OR REMOVABLE NATURE.
   43    13.  "PROPERTY" SHALL MEAN BOTH REAL AND PERSONAL PROPERTY.
   44    14.  "MASTER  PLAN"  SHALL  MEAN  AN ACTION PLAN FOR IMPLEMENTATION OF
   45  IMPROVEMENTS TO SUCH MEANS OF PUBLIC TRANSPORTATION AND RELATED SERVICES
   46  BY OMNIBUS, RAILROAD AND MARINE AND AVIATION FACILITIES AS THE AUTHORITY
   47  MAY CONTEMPLATE WITHIN THE PECONIC BAY REGIONAL TRANSPORTATION  DISTRICT
   48  TO EFFECTUATE THE PURPOSES OF THIS TITLE.
   49    15. "JOINT SERVICE ARRANGEMENT" SHALL MEAN AGREEMENTS BETWEEN OR AMONG
   50  THE  AUTHORITY  AND  ANY COMMON CARRIER OR FREIGHT FORWARDER, THE STATE,
   51  ANY STATE AGENCY, THE FEDERAL GOVERNMENT, ANY OTHER STATE OR  AGENCY  OR
   52  INSTRUMENTALITY  THEREOF,  ANY  PUBLIC  AUTHORITY  OF  THIS OR ANY OTHER
   53  STATE, OR ANY POLITICAL SUBDIVISION OR MUNICIPALITY OF THE STATE, RELAT-
   54  ING TO PROPERTY, BUILDINGS,  STRUCTURES,  FACILITIES,  SERVICES,  RATES,
   55  FARES,  CLASSIFICATIONS,  DIVISIONS,  ALLOWANCES  OR  CHARGES (INCLUDING
   56  CHARGES BETWEEN OPERATORS OF  RAILROAD,  OMNIBUS,  MARINE  AND  AVIATION
       S. 3967                             3                            A. 5511
    1  FACILITIES),  OR  RULES  OR  REGULATIONS  PERTAINING  THERETO, FOR OR IN
    2  CONNECTION WITH OR INCIDENTAL TO TRANSPORTATION IN PART IN OR UPON RAIL-
    3  ROAD, OMNIBUS, MARINE OR AVIATION FACILITIES LOCATED WITHIN THE DISTRICT
    4  AND  IN PART IN OR UPON RAILROAD, OMNIBUS, MARINE OR AVIATION FACILITIES
    5  LOCATED OUTSIDE THE DISTRICT.
    6    16. "PROJECT" SHALL MEAN ANY UNDERTAKING BY THE AUTHORITY  WITHIN  THE
    7  DISTRICT  INCLUDING BUT NOT LIMITED TO PORT OR HARBOR FACILITIES, TRANS-
    8  PORTATION PROPERTIES, ACCESS AND SERVICE ROADS AND  BRIDGES,  EQUIPMENT,
    9  APPURTENANCES,  UTILITIES,  AIRPORT FACILITIES AND ANY OTHER IMPROVEMENT
   10  UNDER AUTHORITY JURISDICTION WITHIN THE REGIONAL DISTRICT.
   11    17. "FACILITY" SHALL MEAN, AMONG OTHER THINGS, SUCH PROPERTIES, STRUC-
   12  TURES, APPURTENANCES, UTILITIES, TERMINALS, WHARFS, DOCKS, PIERS,  RAIL-
   13  ROAD TRACKAGE, WAREHOUSES, ELEVATORS, EQUIPMENT FOR HANDLING FREIGHT AND
   14  PASSENGERS  AND  VEHICLES AND SUCH OTHER WORKS, PROPERTIES, BUILDINGS OR
   15  ALLIED ITEMS NECESSARY OR  DESIRABLE  IN  CONNECTION  WITH  DEVELOPMENT,
   16  OPERATION, MAINTENANCE OR IMPROVEMENT OF PORT, AIRPORT AND PUBLIC TRANS-
   17  PORTATION  NEEDS  FOR THE ACCOMMODATION, SAFETY OR COMFORT OF THE PUBLIC
   18  AND COMMERCIAL ENTERPRISE FOR THE REGIONAL TRANSPORTATION DISTRICT.
   19    18. "EQUIPMENT" SHALL MEAN ROLLING STOCK,  OMNIBUSES,  VEHICLES,  AIR,
   20  MARINE  OR SURFACE CRAFT, MOTORS, BOILERS, ENGINES, AND OTHER INSTRUMEN-
   21  TALITIES USED OR USEFUL THEREFOR OR IN CONNECTION THEREWITH.
   22    19. "OMNIBUS FACILITIES" SHALL MEAN MOTOR VEHICLES, OF THE TYPE  OPER-
   23  ATED  BY  CARRIERS  SUBJECT  TO  THE  JURISDICTION OF THE PUBLIC SERVICE
   24  COMMISSION, ENGAGED  IN  THE  TRANSPORTATION  OF  PASSENGERS  AND  THEIR
   25  BAGGAGE, EXPRESS AND MAIL BETWEEN POINTS WITHIN THE DISTRICT OR PURSUANT
   26  TO  JOINT  SERVICE  ARRANGEMENTS,  AND  EQUIPMENT,  PROPERTY, BUILDINGS,
   27  STRUCTURES, IMPROVEMENTS, LOADING OR  UNLOADING  AREAS,  PARKING  AREAS,
   28  BERTHING FACILITIES OR OTHER FACILITIES, NECESSARY, CONVENIENT OR DESIR-
   29  ABLE  FOR  THE ACCOMMODATION OF SUCH MOTOR VEHICLES OR THEIR PASSENGERS,
   30  INCLUDING BUT NOT LIMITED TO BUILDINGS, STRUCTURES  AND  AREAS  NOTWITH-
   31  STANDING  THAT  PORTIONS MAY NOT BE DEVOTED TO ANY OMNIBUS PURPOSE OTHER
   32  THAN THE PRODUCTION OF REVENUES AVAILABLE FOR THE COSTS AND EXPENSES  OF
   33  ALL OR ANY FACILITIES OF THE AUTHORITY.
   34    20.  "RAILROAD  FACILITIES" SHALL MEAN RIGHT-OF-WAY AND RELATED TRACK-
   35  AGE, RAILS, CARS, LOCOMOTIVES, OTHER ROLLING STOCK, SIGNAL, POWER, FUEL,
   36  COMMUNICATION AND VENTILATION SYSTEMS, POWER  PLANTS,  STATIONS,  TERMI-
   37  NALS,  STORAGE YARDS, REPAIR AND MAINTENANCE SHOPS, YARDS, EQUIPMENT AND
   38  PARTS, OFFICES AND OTHER REAL ESTATE OR PERSONALTY USED OR HELD  FOR  OR
   39  INCIDENTAL  TO THE OPERATION, REHABILITATION OR IMPROVEMENT OF ANY RAIL-
   40  ROAD OPERATING OR TO OPERATE  BETWEEN  POINTS  WITHIN  THE  DISTRICT  OR
   41  PURSUANT  TO  JOINT  SERVICE  ARRANGEMENTS, INCLUDING BUT NOT LIMITED TO
   42  BUILDINGS, STRUCTURES, AND AREAS NOTWITHSTANDING THAT  PORTIONS  THEREOF
   43  MAY  NOT BE DEVOTED TO ANY RAILROAD PURPOSE OTHER THAN THE PRODUCTION OF
   44  REVENUES AVAILABLE FOR THE COSTS AND EXPENSES OF ALL OR  ANY  FACILITIES
   45  OF THE AUTHORITY.
   46    21.  "REAL  PROPERTY"  SHALL  MEAN  LANDS,  STRUCTURES, FRANCHISES AND
   47  INTERESTS IN LANDS, WATERS, LANDS UNDER WATER, RIPARIAN RIGHTS  AND  ANY
   48  AND  ALL  THINGS  AND  RIGHTS INCLUDED WITHIN SAID TERM AND INCLUDES NOT
   49  ONLY FEES SIMPLE ABSOLUTE BUT ALSO ANY AND ALL LESSER INTERESTS  INCLUD-
   50  ING  BUT NOT LIMITED TO EASEMENTS, RIGHTS-OF-WAY, USES, LEASES, LICENSES
   51  AND ALL OTHER INCORPOREAL HEREDITAMENTS AND EVERY  ESTATE,  INTEREST  OR
   52  RIGHT,  LEGAL  OR EQUITABLE, INCLUDING TERMS FOR YEARS AND LIENS THEREON
   53  BY WAY OF JUDGMENTS, MORTGAGES OR OTHERWISE.
   54    22. "MARINE AND AVIATION FACILITIES" SHALL MEAN  EQUIPMENT  AND  CRAFT
   55  FOR THE TRANSPORTATION OF PASSENGERS, MAIL AND CARGO BETWEEN POINTS FROM
   56  AND  TO  AND  WITHIN  THE DISTRICT OR PURSUANT TO JOINT SERVICE ARRANGE-
       S. 3967                             4                            A. 5511
    1  MENTS, BY MARINE CRAFT AND AIRCRAFT  OF  ALL  TYPES  INCLUDING  BUT  NOT
    2  LIMITED  TO  HYDROFOILS,  FERRIES,  LIGHTERS, TUGS, BARGES, HELICOPTERS,
    3  AMPHIBIANS, SEAPLANES OR OTHER CONTRIVANCES NOW  OR  HEREAFTER  USED  IN
    4  NAVIGATION OR MOVEMENT ON WATERWAYS OR IN THE NAVIGATION OF OR FLIGHT IN
    5  AIRSPACE. IT SHALL ALSO MEAN ANY AIRPORT FACILITY WITHIN THE TRANSPORTA-
    6  TION DISTRICT, INCLUDING BUT NOT LIMITED TO ANY FACILITY OR REAL PROPER-
    7  TY  NECESSARY,  CONVENIENT  OR  DESIRABLE  FOR  THE LANDING, TAKING OFF,
    8  ACCOMMODATION OR SERVICING OF SUCH  AIRCRAFT,  AND  SHALL  INCLUDE  SUCH
    9  FACILITIES,  PROPERTY,  STRUCTURES AND APPURTENANCES AS MAY BE NECESSARY
   10  OR CONVENIENT IN THE OPERATION, MAINTENANCE, DEVELOPMENT OR  IMPROVEMENT
   11  OF AIRPORTS INCLUDING FACILITIES, PROPERTY, STRUCTURES, AND APPURTENANC-
   12  ES, LEASED BY THE AUTHORITY TO PERSONS, FIRMS OR CORPORATIONS ENGAGED IN
   13  AIR  TRANSPORTATION OR THE PRODUCTION OR DEVELOPMENT OF MATERIALS, GOODS
   14  OR EQUIPMENT FOR AIRPORTS OR AIR TRANSPORTATION OR IN PROVIDING  FACILI-
   15  TIES  FOR  THE  ACCOMMODATION, SAFETY OR COMFORT OF THE TRAVELING PUBLIC
   16  AND FOR PURPOSES RELATED OR INCIDENTAL TO ONE OR MORE OF  THE  FOREGOING
   17  PURPOSES.  IT  SHALL  ALSO  MEAN  PORT  FACILITIES IN THE TRANSPORTATION
   18  DISTRICT INCLUDING, BUT NOT LIMITED TO, (A) ONE OR  MORE  DOCKS,  ELEVA-
   19  TORS,  WHARVES,  PIERS,  BULKHEADS,  SLIPS,  BASINS,  HARBORS,  RAILROAD
   20  CONNECTIONS, SIDE TRACKS  OR  SIDINGS,  FREIGHT  TERMINALS,  WAREHOUSES,
   21  BRIDGES,  TUNNELS,  AND  AREAS FOR STORAGE OF CARGOES, MATERIALS, GOODS,
   22  WARES, AND MERCHANDISE OF ANY  KIND  AND  FOR  THE  LOADING,  UNLOADING,
   23  INTERCHANGE OR TRANSFER OF ANY SUCH CARGOES, MATERIALS, GOODS, WARES AND
   24  MERCHANDISE; (B) OTHER BUILDINGS, STRUCTURES, FACILITIES OR IMPROVEMENTS
   25  NECESSARY  TO  ACCOMMODATE STEAMSHIPS OR OTHER VESSELS AND THEIR CARGOES
   26  OR PASSENGERS; AND (C) ALL REAL AND PERSONAL PROPERTY, DRIVEWAYS, ROADS,
   27  APPROACHES, MECHANICAL EQUIPMENT AND ALL  APPURTENANCES  AND  FACILITIES
   28  EITHER  ON, ABOVE OR UNDER THE GROUND WHICH ARE NECESSARY, CONVENIENT OR
   29  DESIRABLE FOR THE DEVELOPMENT, CONTROL AND OPERATION OF PORT  FACILITIES
   30  IN THE TRANSPORTATION DISTRICT.
   31    23. "TRANSPORTATION FACILITY" SHALL MEAN ANY RAILROAD, OMNIBUS, MARINE
   32  OR  AVIATION  FACILITY AND ANY PERSON, FIRM, PARTNERSHIP, ASSOCIATION OR
   33  CORPORATION WHICH OWNS, LEASES OR OPERATES  ANY  SUCH  FACILITY  OR  ANY
   34  OTHER  FACILITY  USED  FOR  SERVICE IN THE TRANSPORTATION OF PASSENGERS,
   35  UNITED STATES MAIL OR PERSONAL PROPERTY AS A COMMON CARRIER FOR HIRE AND
   36  ANY PORTION THEREOF AND THE RIGHTS, LEASEHOLDS OR OTHER INTEREST THEREIN
   37  TOGETHER WITH ROUTES, TRACKS,  EXTENSIONS,  CONNECTIONS,  PARKING  LOTS,
   38  GARAGES, WAREHOUSES, YARDS, STORAGE YARDS, MAINTENANCE AND REPAIR SHOPS,
   39  TERMINALS,  STATIONS  AND OTHER RELATED FACILITIES THEREOF, THE DEVICES,
   40  APPURTENANCES, AND EQUIPMENT THEREOF AND POWER PLANTS AND OTHER  INSTRU-
   41  MENTALITIES USED OR USEFUL THEREFOR OR IN CONNECTION THEREWITH.
   42    24.  "COMMISSIONER"  SHALL  MEAN COMMISSIONER OF TRANSPORTATION OF THE
   43  STATE OF NEW YORK.
   44    S 1349-C. PECONIC BAY REGIONAL TRANSPORTATION DISTRICT. THERE IS HERE-
   45  BY CREATED AND ESTABLISHED A TRANSPORTATION DISTRICT TO BE KNOWN AS  THE
   46  PECONIC  BAY  REGIONAL  TRANSPORTATION  DISTRICT.  THIS  DISTRICT  SHALL
   47  EMBRACE THE  TOWNS  OF  BROOKHAVEN,  EAST  HAMPTON,  RIVERHEAD,  SHELTER
   48  ISLAND,  SOUTHAMPTON,  AND SOUTHOLD IN THE COUNTY OF SUFFOLK. THE TRANS-
   49  PORTATION DISTRICT SHALL ALSO INCLUDE ALL LANDS AND WATER AND ALL  LANDS
   50  UNDER WATER AND ALL RIVERS, BAYS AND HARBORS, WITHIN ANY OF THE TOWNS OF
   51  SAID DISTRICT.
   52    S  1349-D.  PECONIC BAY REGIONAL TRANSPORTATION AUTHORITY. 1. THERE IS
   53  HEREBY CREATED THE PECONIC BAY REGIONAL  TRANSPORTATION  AUTHORITY.  THE
   54  AUTHORITY  SHALL  BE  A BODY CORPORATE AND POLITIC CONSTITUTING A PUBLIC
   55  BENEFIT CORPORATION.  IT SHALL CONSIST OF SIX MEMBERS  WITH  ONE  MEMBER
   56  FROM EACH TOWN IN THE REGIONAL TRANSPORTATION DISTRICT.  THE TOWN SUPER-
       S. 3967                             5                            A. 5511
    1  VISOR OF EACH TOWN, OR A DESIGNATED REPRESENTATIVE APPOINTED BY THE TOWN
    2  SUPERVISOR SHALL BE A MEMBER. THE MEMBERS SHALL ELECT ONE OF ITS MEMBERS
    3  AS CHAIRPERSON.
    4    2.  THE  MEMBERS  OF  THE  AUTHORITY,  INCLUDING  THE CHAIR, SHALL NOT
    5  RECEIVE A SALARY OR OTHER  COMPENSATION  WHEN  RENDERING  SERVICE  AS  A
    6  MEMBER  OF  THE AUTHORITY OR AS A MEMBER OF ONE OF ITS SUBSIDIARY CORPO-
    7  RATIONS, BUT SHALL BE ENTITLED TO REIMBURSEMENT FOR ACTUAL AND NECESSARY
    8  EXPENSES INCURRED IN THE PERFORMANCE OF THEIR OFFICIAL DUTIES.
    9    3. A MAJORITY OF THE WHOLE NUMBER OF VOTES OF MEMBERS OF THE AUTHORITY
   10  SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS OR  THE  EXER-
   11  CISE  OF  ANY  POWER  OF THE AUTHORITY. EXCEPT AS OTHERWISE SPECIFIED IN
   12  THIS TITLE, FOR THE TRANSACTION OF ANY BUSINESS OR THE EXERCISE  OF  ANY
   13  POWER  OF  THE  AUTHORITY,  THE  AUTHORITY  SHALL HAVE POWER TO ACT BY A
   14  MAJORITY VOTE OF THE MEMBERS PRESENT AT ANY MEETING AT WHICH A QUORUM IS
   15  IN ATTENDANCE. EACH MEMBER OF THE AUTHORITY SHALL HAVE ONE VOTE.
   16    4. THE AUTHORITY SHALL  BE  A  "STATE  AGENCY"  FOR  THE  PURPOSES  OF
   17  SECTIONS SEVENTY-THREE AND SEVENTY-FOUR OF THE PUBLIC OFFICERS LAW.
   18    5.  THE  AUTHORITY  SHALL  CONTINUE  SO LONG AS IT SHALL HAVE BONDS OR
   19  OTHER OBLIGATIONS OUTSTANDING AND UNTIL ITS EXISTENCE  SHALL  BE  TERMI-
   20  NATED  BY  LAW.  UPON THE TERMINATION OF THE EXISTENCE OF THE AUTHORITY,
   21  ALL ITS RIGHTS AND PROPERTIES SHALL PASS TO AND BE VESTED IN THE STATE.
   22    S 1349-E. PURPOSES OF THE AUTHORITY. 1. THE PURPOSES OF THE  AUTHORITY
   23  SHALL  BE THE CONTINUANCE, FURTHER DEVELOPMENT AND IMPROVEMENT OF TRANS-
   24  PORTATION AND OTHER SERVICES RELATED  THERETO  WITHIN  THE  PECONIC  BAY
   25  REGIONAL  TRANSPORTATION DISTRICT, BY RAILROAD, OMNIBUS, MARINE AND AIR,
   26  IN ACCORDANCE WITH THE PROVISIONS OF THIS TITLE.
   27    2. IT IS HEREBY FOUND AND DECLARED  THAT  SUCH  PURPOSES  ARE  IN  ALL
   28  RESPECTS  FOR THE BENEFIT OF THE PEOPLE OF THE STATE OF NEW YORK AND THE
   29  AUTHORITY SHALL BE REGARDED  AS  PERFORMING  AN  ESSENTIAL  GOVERNMENTAL
   30  FUNCTION  IN  CARRYING  OUT  ITS  PURPOSES  AND IN EXERCISING THE POWERS
   31  GRANTED BY THIS TITLE.
   32    S 1349-F. FORMULATION, FILING AND ADOPTION OF MASTER PLAN; AMENDMENTS.
   33  THE AUTHORITY SHALL FORMULATE A MASTER PLAN  FOR  TRANSPORTATION  WITHIN
   34  THE  DISTRICT.  IN  FORMULATING  SUCH  MASTER  PLAN, THE AUTHORITY SHALL
   35  CONSULT AND COOPERATE WITH THE COMMISSIONER AND PLANNING AUTHORITIES  IN
   36  THE  AREAS OF ITS OPERATIONS, AND SHALL UTILIZE STATE, LOCAL OR REGIONAL
   37  TRANSPORTATION PLANNING. THE AUTHORITY SHALL REQUEST  AND  USE  EXISTING
   38  STUDIES,  PLANS, SURVEYS, DATA AND OTHER MATERIALS COMPLETED BY OR UNDER
   39  DEVELOPMENT BY ANY STATE AGENCY OR MUNICIPALITY OR POLITICAL SUBDIVISION
   40  OF THE STATE. THE AUTHORITY SHALL FILE COPIES  OF  SUCH  PLAN  WITH  THE
   41  COMMISSIONER,  THE SUFFOLK COUNTY PLANNING BOARD, THE TOWN BOARD OF EACH
   42  TOWN WITHIN THE REGIONAL TRANSPORTATION DISTRICT, AND THE LEGISLATURE OF
   43  THE COUNTY OF SUFFOLK. THE PLAN SHALL CONTAIN INFORMATION REGARDING  THE
   44  TRANSPORTATION  SYSTEM  THAT  THE AUTHORITY INTENDS TO PROVIDE INCLUDING
   45  INFORMATION REGARDING THE FACILITIES CONNECTED THEREWITH,  THE  SERVICES
   46  THE  AUTHORITY  CONTEMPLATES  PROVIDING  AND THE ESTIMATED COSTS AND THE
   47  PROPOSED METHOD OF FINANCING. DURING SIXTY DAYS AFTER THE FILING OF  THE
   48  MASTER  PLAN  WITH THE COMMISSIONER, IN THE OFFICE OF THE SUFFOLK COUNTY
   49  PLANNING BOARD, WITH THE TOWN BOARDS OF THE TOWNS  WITHIN  THE  REGIONAL
   50  TRANSPORTATION  DISTRICT, AND WITH THE LEGISLATURE OF SUFFOLK COUNTY, AS
   51  AFORESAID, SAID PLAN SHALL BE AVAILABLE FOR  PUBLIC  INSPECTION  AT  THE
   52  OFFICE OR OFFICES OF THE AUTHORITY AND AT SUCH OTHER PLACES IN THE TOWNS
   53  AFFECTED,  WITHIN  THE  DISTRICT,  AS  THE  AUTHORITY MAY DESIGNATE. NOT
   54  EARLIER THAN THIRTY DAYS AFTER THE FILING OF SAID MASTER PLAN  WITH  THE
   55  COMMISSIONER,  THE  SUFFOLK  COUNTY PLANNING BOARD, THE TOWN BOARDS, AND
   56  THE LEGISLATURE OF SUFFOLK COUNTY, A PUBLIC HEARING ON SAID PLANS  SHALL
       S. 3967                             6                            A. 5511
    1  BE  HELD  BY THE AUTHORITY.   NOTICE OF SUCH A HEARING SHALL BE GIVEN TO
    2  THE COMMISSIONER, THE SUFFOLK COUNTY PLANNING BOARD,  THE  TOWN  BOARDS,
    3  AND THE LEGISLATURE OF THE COUNTY OF SUFFOLK, AS AFORESAID AND BY PUBLI-
    4  CATION  ONCE  A WEEK FOR TWO WEEKS PRIOR TO THE SAID HEARING AT THE TIME
    5  AND PLACE FIXED BY THE AUTHORITY IN NEWSPAPERS  OF  GENERAL  CIRCULATION
    6  WITHIN  THE  AREAS  AFFECTED,  TO BE SELECTED BY THE AUTHORITY. THE LAST
    7  PUBLICATION DATE SHALL NOT BE LESS THAN FIVE DAYS BEFORE  SAID  HEARING.
    8  WITHIN  THIRTY  DAYS  FOLLOWING SAID PUBLIC HEARING, THE AUTHORITY SHALL
    9  PROVIDE A TRANSCRIPT OF SUCH HEARING TO THE  COMMISSIONER,  THE  SUFFOLK
   10  COUNTY PLANNING BOARD, EACH TOWN BOARD, AND THE LEGISLATURE OF THE COUN-
   11  TY  OF  SUFFOLK AS AFORESAID, TOGETHER WITH ANY AMENDMENTS THE AUTHORITY
   12  MAY PROPOSE TO THE MASTER PLAN. THE AUTHORITY SHALL REQUEST APPROVAL  OF
   13  THE MASTER PLAN, INCLUDING SUCH AMENDMENTS AS THE AUTHORITY MAY PROPOSE,
   14  FROM  EACH  TOWN BOARD AND THE COMMISSIONER. ANY PART OF SAID PLAN WHICH
   15  IS DISAPPROVED BY A TOWN BECAUSE IT  ALTERS  EXISTING  SERVICES  OR  THE
   16  FINANCING  THEREOF  WITHIN  SAID  TOWN  SHALL NOT BECOME OPERATIVE. THIS
   17  DISAPPROVAL OF PART OR PARTS OF THE PLAN SHALL NOT MAKE THE ENTIRE  PLAN
   18  INOPERATIVE.  ANY  PART OF SAID PLAN WHICH IS DISAPPROVED BY THE COMMIS-
   19  SIONER BECAUSE IT CONFLICTS WITH A STATE-WIDE COMPREHENSIVE MASTER  PLAN
   20  FOR  TRANSPORTATION,  OR  IN  THE  ABSENCE  OF SUCH PLANS, WOULD HAVE AN
   21  ADVERSE EFFECT UPON SOUND TRANSPORTATION DEVELOPMENT  POLICY  AND  PLAN-
   22  NING,  SHALL  NOT  BECOME OPERATIVE. IF THE SAID TOWN BOARDS FAIL TO ACT
   23  WITHIN SAID SIXTY DAYS OR IN THE CASE OF THE COMMISSIONER  WITHIN  FORTY
   24  DAYS AFTER APPROVAL IS REQUESTED, SAID FAILURE SHALL BE DEEMED APPROVAL,
   25  AND  THE  AUTHORITY  MAY ADOPT THE MASTER PLAN BY A MAJORITY VOTE OF ITS
   26  MEMBERSHIP AND MAY INCLUDE CHANGES, IF ANY, RECOMMENDED BY  THE  COMMIS-
   27  SIONER,  PLANNING  BOARD  OR  TOWN BOARD. THE MASTER PLAN MAY BE AMENDED
   28  FROM TIME TO TIME IN THE SAME MANNER USING THE  PROCEDURES  OUTLINED  IN
   29  THIS  SECTION  FOR  THE  ORIGINAL ADOPTION, EXCEPT THAT PROPOSED CHANGES
   30  MADE BY THE AUTHORITY UPON RECOMMENDATIONS  OF  THE  COMMISSIONER,  SAID
   31  TOWN  BOARDS  OR  SUFFOLK COUNTY PLANNING BOARD IN THE FIRST PLAN MAY BE
   32  EMBODIED OR CONTINUED BY A MAJORITY VOTE OF THE AUTHORITY WITHOUT  ADDI-
   33  TIONAL  HEARINGS  THEREON  AS REQUIRED FOR THE AMENDMENTS PROPOSED TO BE
   34  MADE.
   35    S 1349-G. FILING FIVE YEAR PERFORMANCE, CAPITAL AND OPERATING  FINANCE
   36  PLANS.  1.  (A)  ON OR BEFORE JANUARY FIRST, TWO THOUSAND SEVENTEEN, AND
   37  ANNUALLY THEREAFTER ON OR BEFORE  JANUARY  FIRST,  THE  AUTHORITY  SHALL
   38  ADOPT  AN OPERATIONAL PERFORMANCE PLAN FOR THE FIVE-YEAR PERIOD COMMENC-
   39  ING JANUARY FIRST. THE PLAN SHALL SET OPERATIONAL PERFORMANCE PLAN GOALS
   40  AND OBJECTIVES, AND SHALL ESTABLISH PERFORMANCE  INDICATORS  TO  MEASURE
   41  STANDARDS  OF  SERVICE  AND OPERATIONS. THE PERFORMANCE INDICATORS SHALL
   42  INCLUDE: REVENUE PASSENGERS, TOTAL PASSENGERS,  REVENUE  VEHICLE  MILES,
   43  REVENUE  VEHICLE  HOURS, NUMBER OF EMPLOYEES BY DEPARTMENT, VEHICLE MEAN
   44  DISTANCE  BETWEEN  FAILURES,  ON-TIME  PERFORMANCE  FOR  TOTAL   SERVICE
   45  PROVIDED,  THE COST PER PASSENGER, THE COST PER REVENUE VEHICLE MILE AND
   46  THE OPERATING-REVENUE-TO-COST RATIO.
   47    (B) QUARTERLY REPORTS SHALL BE PREPARED FOR AUTHORITY MEMBERS ON OPER-
   48  ATING PERFORMANCE. THE FIRST SUCH REPORT  SHALL  COVER  THE  THREE-MONTH
   49  PERIOD  COMMENCING  JANUARY  FIRST,  TWO THOUSAND SEVENTEEN AND SHALL BE
   50  SUBMITTED NO LATER THAN THIRTY DAYS AFTER THE END OF THE QUARTER. THERE-
   51  AFTER, QUARTERLY REPORTS SHALL BE SUBMITTED ON THE LAST DAY OF  JANUARY,
   52  APRIL,  JULY,  AND  OCTOBER  OF  EACH YEAR. THE REPORT SHALL COMPARE THE
   53  PERFORMANCE INDICATORS FOR THE MOST RECENT QUARTER AND THE  YEAR-TO-DATE
   54  PERFORMANCE  INDICATORS  WITH  THE SAME TIME PERIOD IN THE PREVIOUS YEAR
   55  WITH THE ANNUAL GOALS ESTABLISHED PURSUANT TO THIS SUBDIVISION.
       S. 3967                             7                            A. 5511
    1    2. (A) ON OR BEFORE JANUARY FIRST, TWO THOUSAND SEVENTEEN, AND ANNUAL-
    2  LY THEREAFTER ON OR BEFORE JANUARY FIRST, THE AUTHORITY  SHALL  ADOPT  A
    3  CAPITAL  PROGRAM PLAN FOR THE FIVE-YEAR PERIOD COMMENCING JANUARY FIRST.
    4  THE PLAN SHALL CONTAIN THE CAPITAL PROGRAM, SEPARATELY ITEMIZED.
    5    (B)  THE  PLAN  SHALL SET GOALS AND OBJECTIVES BY FUNCTION FOR CAPITAL
    6  SPENDING, ESTABLISH STANDARDS FOR SERVICE AND OPERATION,  DESCRIBE  EACH
    7  CAPITAL PROJECT TO BE INITIATED IN EACH OF THE YEARS COVERED BY THE PLAN
    8  AND  EXPLAIN HOW EACH PROPOSED PROJECT SUPPORTS THE GOALS AND OBJECTIVES
    9  AND THE SERVICE AND OPERATIONAL STANDARDS ESTABLISHED IN THE PERFORMANCE
   10  PLAN. THE PLAN SHALL LIST SEPARATELY BY FUNCTION THOSE PROJECTS CONTRIB-
   11  UTING TO THE MAINTENANCE OF THE SYSTEM INFRASTRUCTURE AND THOSE INTENDED
   12  TO ENHANCE THE SYSTEM. THE PLAN SHALL ALSO INCLUDE AN ESTIMATED COST FOR
   13  EACH PROJECT AND SET FORTH AN ESTIMATE OF THE AMOUNT OF CAPITAL  FUNDING
   14  REQUIRED  FOR  EACH  YEAR  OF  THE PLAN AND THE EXPECTED SOURCES OF SUCH
   15  FUNDING. IT SHALL ALSO INCLUDE A PROJECT SCHEDULE FOR THE INITIATION AND
   16  COMPLETION OF EACH PROJECT. EACH PLAN SUBSEQUENT TO THE FIRST SUCH  PLAN
   17  SHALL  DESCRIBE  THE  CURRENT STATUS OF EACH CAPITAL PROJECT WHICH HAS A
   18  TOTAL ESTIMATED COST OF ONE HUNDRED THOUSAND DOLLARS OR MORE  AND  WHICH
   19  WAS INCLUDED IN THE PREVIOUSLY ADOPTED PLAN.
   20    (C)  IN ADDITION TO THE ANNUAL UPDATE, A QUARTERLY CAPITAL PLAN STATUS
   21  REPORT SHALL BE PROVIDED TO THE AUTHORITY MEMBERS AND SHALL INCLUDE, BUT
   22  NOT BE LIMITED TO, A DESCRIPTION OF ANY MATERIAL CHANGE  IN  THE  SCOPE,
   23  COST, FUNDING OR TIME OF INITIATION OR COMPLETION OF A PROJECT WHICH HAS
   24  A  TOTAL  ESTIMATED  COST  OF  ONE  HUNDRED THOUSAND DOLLARS OR MORE, AS
   25  ADOPTED IN THE PLAN.  THE FIRST SUCH REPORT SHALL COVER THE  THREE-MONTH
   26  PERIOD  COMMENCING  JANUARY  FIRST,  TWO THOUSAND SEVENTEEN AND SHALL BE
   27  SUBMITTED NO LATER THAN THIRTY DAYS AFTER THE END OF THE QUARTER. THERE-
   28  AFTER, QUARTERLY REPORTS SHALL BE SUBMITTED ON THE LAST DAY OF  JANUARY,
   29  APRIL, JULY, AND OCTOBER OF EACH YEAR.
   30    3. (A) ON OR BEFORE JANUARY FIRST, TWO THOUSAND SEVENTEEN, AND ANNUAL-
   31  LY  THEREAFTER  ON OR BEFORE JANUARY FIRST, THE AUTHORITY SHALL ADOPT AN
   32  OPERATING FINANCE PLAN  FOR  THE  FIVE-YEAR  PERIOD  COMMENCING  JANUARY
   33  FIRST.  THE  PLAN  SHALL INCLUDE THE ANNUAL ESTIMATED OPERATING COST FOR
   34  EACH FUNCTION. THE PLAN SHALL INCLUDE THE PROPOSED METHOD  OF  FINANCING
   35  FOR  THE  LEVEL  OF  SERVICE DEFINED FOR EACH YEAR OF THE PLAN AND SHALL
   36  FULLY ALLOCATE THE AUTHORITY'S GENERAL COSTS TO EACH OF THE ABOVE  SEPA-
   37  RATE  FUNCTIONS. THE PLAN SHALL PROVIDE A NARRATIVE DESCRIBING THE OVER-
   38  ALL FINANCIAL CONDITION OF THE OPERATING BUDGET OF THE AUTHORITY.
   39    (B) IN ADDITION TO  THE  ANNUAL  UPDATE,  QUARTERLY  OPERATING  BUDGET
   40  REPORTS  SHALL  BE  PREPARED  FOR THE AUTHORITY MEMBERS ON THE FINANCIAL
   41  CONDITION OF EACH OF THE AUTHORITY'S FUNCTIONS. THE  FIRST  SUCH  REPORT
   42  SHALL  COVER  THE THREE-MONTH PERIOD COMMENCING JANUARY FIRST, TWO THOU-
   43  SAND SEVENTEEN AND SHALL BE SUBMITTED NO LATER THAN  THIRTY  DAYS  AFTER
   44  THE END OF THE QUARTER. THEREAFTER, QUARTERLY REPORTS SHALL BE SUBMITTED
   45  ON  THE  LAST DAY OF JANUARY, APRIL, JULY, AND OCTOBER OF EACH YEAR. THE
   46  REPORTS SHALL INCLUDE A BUDGETARY COMPARISON OF THE MOST RECENT  QUARTER
   47  AND  YEAR-TO-DATE  ACTUAL  REVENUE  AND  EXPENDITURES WITH THE SAME TIME
   48  PERIOD IN THE PREVIOUS YEAR AND WITH THE PROJECTIONS FOR THAT TIME PERI-
   49  OD BASED ON THE BOARD APPROVED BUDGET.
   50    4. ANY AND ALL REPORTS, INCLUDING INTERIM REPORTS, SHALL BE  SUBMITTED
   51  TO  THE DIRECTOR OF THE DIVISION OF THE BUDGET, THE COMMISSIONER AND THE
   52  TOWN BOARD OF EACH TOWN WITHIN THE REGIONAL TRANSPORTATION DISTRICT, THE
   53  PRESIDENT AND THE TEMPORARY PRESIDENT OF THE SENATE AND THE  SPEAKER  OF
   54  THE ASSEMBLY.
   55    S  1349-H.  GENERAL  POWERS  OF THE AUTHORITY. 1.  EXCEPT AS OTHERWISE
   56  LIMITED BY THIS TITLE, THE AUTHORITY SHALL HAVE POWER:
       S. 3967                             8                            A. 5511
    1    (A) TO SUE AND BE SUED;
    2    (B) TO HAVE A SEAL AND ALTER THE SAME AT PLEASURE;
    3    (C)  TO  BORROW MONEY AND ISSUE NEGOTIABLE NOTES, BONDS OR OTHER OBLI-
    4  GATIONS AND TO PROVIDE FOR THE RIGHTS OF THE HOLDERS THEREOF;
    5    (D) TO INVEST ANY FUNDS HELD IN  RESERVE  OR  SINKING  FUNDS,  OR  ANY
    6  MONIES NOT REQUIRED FOR IMMEDIATE USE OR DISBURSEMENT, AT THE DISCRETION
    7  OF  THE  AUTHORITY,  IN  OBLIGATIONS  OF  THE STATE OR THE UNITED STATES
    8  GOVERNMENT OR OBLIGATIONS THE PRINCIPAL AND INTEREST OF WHICH ARE  GUAR-
    9  ANTEED  BY THE STATE OR THE UNITED STATES GOVERNMENT; OR CERTIFICATES OF
   10  DEPOSIT OF BANKS OR TRUST COMPANIES OR IN  BANK  OR  TRUST  ACCOUNTS  OF
   11  BANKS  IN  THIS STATE, SECURED BY OBLIGATIONS OF THE UNITED STATES OR OF
   12  THE STATE OF NEW YORK OF A MARKET VALUE EQUAL AT ALL TIMES TO THE AMOUNT
   13  OF THE DEPOSIT;
   14    (E) TO MAKE AND  ALTER  BY-LAWS  FOR  ITS  ORGANIZATION  AND  INTERNAL
   15  MANAGEMENT,  AND  RULES  AND  REGULATIONS  GOVERNING THE EXERCISE OF ITS
   16  POWERS AND THE FULFILLMENT OF ITS PURPOSES UNDER THIS TITLE;
   17    (F) TO ENTER INTO CONTRACTS AND LEASES AND TO EXECUTE ALL  INSTRUMENTS
   18  NECESSARY OR CONVENIENT;
   19    (G)  TO  ACQUIRE, HOLD AND DISPOSE OF REAL OR PERSONAL PROPERTY IN THE
   20  EXERCISE OF ITS POWERS;
   21    (H) TO APPOINT A GENERAL MANAGER, WHO SHALL SERVE AT THE  PLEASURE  OF
   22  THE  AUTHORITY,  AND  SUCH OFFICERS AND EMPLOYEES THAT THE AUTHORITY MAY
   23  REQUIRE FOR THE PERFORMANCE OF ITS DUTIES,  AND  TO  FIX  AND  DETERMINE
   24  THEIR  QUALIFICATIONS,  DUTIES, AND COMPENSATION AND TO RETAIN OR EMPLOY
   25  COUNSEL, AUDITORS, ENGINEERS AND PRIVATE CONSULTANTS ON A CONTRACT BASIS
   26  OR  OTHERWISE  FOR  RENDERING  PROFESSIONAL,  MANAGEMENT  OR   TECHNICAL
   27  SERVICES AND ADVICE; SUCH GENERAL MANAGER, COUNSEL, AUDITORS, ENGINEERS,
   28  AND  PRIVATE  CONSULTANTS, OFFICERS AND EMPLOYEES MAY NOT BE A MEMBER OF
   29  THE AUTHORITY;
   30    (I) (1) NOTWITHSTANDING SECTION ONE HUNDRED THIRTEEN OF THE RETIREMENT
   31  AND SOCIAL SECURITY LAW OR ANY OTHER GENERAL OR SPECIAL LAW, THE AUTHOR-
   32  ITY AND ANY OF ITS SUBSIDIARY CORPORATIONS MAY CONTINUE  OR  PROVIDE  TO
   33  ITS AFFECTED OFFICERS AND EMPLOYEES ANY RETIREMENT, DISABILITY, DEATH OR
   34  OTHER  BENEFITS  PROVIDED OR REQUIRED FOR RAILROAD PERSONNEL PURSUANT TO
   35  FEDERAL OR STATE  LAW.  NOTWITHSTANDING  ANY  PROVISIONS  OF  THE  CIVIL
   36  SERVICE  LAW, NO OFFICER OR EMPLOYEE OF A SUBSIDIARY CORPORATION, OF THE
   37  AUTHORITY, OTHER THAN A PUBLIC BENEFIT SUBSIDIARY CORPORATION, SHALL  BE
   38  A PUBLIC OFFICER OR A PUBLIC EMPLOYEE;
   39    (2)  THE  AUTHORITY  AND  ANY  OF ITS PUBLIC BENEFIT SUBSIDIARY CORPO-
   40  RATIONS MAY BE A "PARTICIPATING EMPLOYER" IN THE NEW YORK STATE  EMPLOY-
   41  EES'  RETIREMENT  SYSTEM WITH RESPECT TO ONE OR MORE CLASSES OF OFFICERS
   42  AND EMPLOYEES OF SUCH AUTHORITY OR ANY SUCH  PUBLIC  BENEFIT  SUBSIDIARY
   43  CORPORATION,  AS  MAY BE PROVIDED BY RESOLUTION OF SUCH AUTHORITY OR ANY
   44  SUCH PUBLIC BENEFIT SUBSIDIARY CORPORATION, AS THE CASE MAY BE,  OR  ANY
   45  SUBSEQUENT AMENDMENT THEREOF, FILED WITH THE COMPTROLLER AND ACCEPTED BY
   46  HIM  OR  HER PURSUANT TO SECTION THIRTY-ONE OF THE RETIREMENT AND SOCIAL
   47  SECURITY LAW. IN TAKING ANY  ACTION  PURSUANT  TO  THIS  PARAGRAPH,  THE
   48  AUTHORITY  AND  ANY  OF ITS PUBLIC BENEFIT SUBSIDIARY CORPORATIONS SHALL
   49  CONSIDER THE COVERAGES AND BENEFITS CONTINUED OR  PROVIDED  PURSUANT  TO
   50  SUBPARAGRAPH ONE OF THIS PARAGRAPH;
   51    (J)  TO  MAKE  PLANS,  SURVEYS,  AND  STUDIES NECESSARY, CONVENIENT OR
   52  DESIRABLE TO THE EFFECTUATION OF THE PURPOSES AND POWERS OF THE AUTHORI-
   53  TY AND TO PREPARE RECOMMENDATIONS IN REGARD THERETO;
   54    (K) TO ENTER UPON SUCH LANDS, WATERS OR PREMISES AS IN THE JUDGMENT OF
   55  THE AUTHORITY MAY BE NECESSARY, CONVENIENT OR DESIRABLE FOR THE  PURPOSE
   56  OF MAKING SURVEYS, SOUNDINGS, BORINGS AND EXAMINATIONS TO ACCOMPLISH ANY
       S. 3967                             9                            A. 5511
    1  PURPOSE  AUTHORIZED BY THIS TITLE, THE AUTHORITY BEING LIABLE FOR ACTUAL
    2  DAMAGES DONE;
    3    (L)  THE  AUTHORITY  MAY  CONDUCT  INVESTIGATIONS  AND HEARINGS IN THE
    4  FURTHERANCE OF ITS GENERAL PURPOSES, AND IN AID THEREOF HAVE  ACCESS  TO
    5  ANY  BOOKS,  RECORDS OR PAPERS RELEVANT THERETO; AND IF ANY PERSON WHOSE
    6  TESTIMONY SHALL BE REQUIRED FOR THE PROPER PERFORMANCE OF THE DUTIES  OF
    7  THE AUTHORITY SHALL FAIL OR REFUSE TO AID OR ASSIST THE AUTHORITY IN THE
    8  CONDUCT  OF  ANY  INVESTIGATION  OR  HEARING, OR TO PRODUCE ANY RELEVANT
    9  BOOKS, RECORDS OR OTHER PAPERS, THE AUTHORITY IS AUTHORIZED TO APPLY FOR
   10  PROCESS OF SUBPOENA, TO ISSUE OUT  OF  ANY  COURT  OF  GENERAL  ORIGINAL
   11  JURISDICTION WHOSE PROCESS CAN REACH SUCH PERSON, UPON DUE CAUSE SHOWN;
   12    (M)  TO  DO ALL THINGS NECESSARY, CONVENIENT OR DESIRABLE TO CARRY OUT
   13  ITS PURPOSES AND FOR THE EXERCISE OF THE POWERS GRANTED IN THIS TITLE;
   14    (N) TO ENTER INTO COLLECTIVE BARGAINING AGREEMENTS WITH  LABOR  REPRE-
   15  SENTATIVES DULY ELECTED BY THE EMPLOYEES OF THE AUTHORITY; AND
   16    (O) TO INSURE OR PROVIDE FOR THE INSURANCE  OF THE AUTHORITY'S PROPER-
   17  TY OR OPERATIONS AS REQUIRED BY LAW AND ALSO AGAINST SUCH OTHER RISKS AS
   18  THE AUTHORITY MAY DEEM ADVISABLE.
   19    2.  THE  AUTHORITY SHALL FILE IN THE OFFICE OF THE COMMISSIONER ANNUAL
   20  REPORTS, AFTER THE CLOSE OF EACH OF THE AUTHORITY'S FISCAL YEARS,  WHICH
   21  SHALL BE OPEN TO PUBLIC INSPECTION. SUCH REPORTS SHALL INCLUDE, IN ADDI-
   22  TION  TO ANY INFORMATION WHICH THE COMMISSIONER MAY REQUIRE, A STATEMENT
   23  WITH RESPECT TO ITS OPERATIONS INCLUDING THE FOLLOWING DATA:
   24    (A) COST BREAKDOWN OF REAL PROPERTY ACQUIRED;
   25    (B) COST BREAKDOWN IN APPROPRIATE UNITS OF FACILITIES ACQUIRED;
   26    (C) OPERATING REVENUES; AND
   27    (D) OPERATING EXPENSES.
   28    THE AUTHORITY SHALL ALSO FILE COPIES OF SUCH  REPORTS  WITH  THE  TOWN
   29  BOARD  OF  EACH  TOWN  WITHIN THE REGIONAL TRANSPORTATION DISTRICT WHERE
   30  SUCH AUTHORITY OPERATES.
   31    S 1349-I. SPECIAL POWERS OF THE AUTHORITY. IN ORDER TO EFFECTUATE  THE
   32  PURPOSES OF THIS TITLE:
   33    1.  THE  AUTHORITY  MAY  ACQUIRE,  BY PURCHASE, GIFT, GRANT, TRANSFER,
   34  CONTRACT OR LEASE, OR CONDEMNATION, ANY TRANSPORTATION FACILITY, INCLUD-
   35  ING PORT OR RELATED FACILITIES WHOLLY OR PARTIALLY  WITHIN  THE  PECONIC
   36  BAY  REGIONAL  TRANSPORTATION  DISTRICT  OR ANY PART THEREOF, OR THE USE
   37  THEREOF, AND MAY ENTER INTO ANY JOINT SERVICE ARRANGEMENTS  AS  PROVIDED
   38  IN  THIS  TITLE. ANY SUCH ACQUISITION OR JOINT SERVICE ARRANGEMENT SHALL
   39  BE AUTHORIZED ONLY BY RESOLUTION OF THE AUTHORITY APPROVED BY  NOT  LESS
   40  THAN A MAJORITY VOTE OF THE AUTHORITY.
   41    2. THE AUTHORITY MAY ON SUCH TERMS AND CONDITIONS AS THE AUTHORITY MAY
   42  DETERMINE   NECESSARY,   CONVENIENT   OR   DESIRABLE  ITSELF  ESTABLISH,
   43  CONSTRUCT, EFFECTUATE, OPERATE, MAINTAIN, RENOVATE, IMPROVE,  EXTEND  OR
   44  REPAIR  ANY SUCH TRANSPORTATION FACILITY, OR MAY PROVIDE FOR SUCH ESTAB-
   45  LISHMENT,  CONSTRUCTION,  EFFECTUATION,  OPERATION,  MAINTENANCE,  RENO-
   46  VATION,  IMPROVEMENT,  EXTENSION  OR REPAIR BY CONTRACT, LEASE, OR OTHER
   47  ARRANGEMENT ON SUCH TERMS AS THE AUTHORITY MAY DEEM  NECESSARY,  CONVEN-
   48  IENT  OR  DESIRABLE  WITH  ANY  PERSON, INCLUDING BUT NOT LIMITED TO ANY
   49  COMMON CARRIER OR FREIGHT FORWARDER, THE STATE, ANY  STATE  AGENCY,  THE
   50  FEDERAL  GOVERNMENT, ANY OTHER STATE OR AGENCY OR INSTRUMENTALITY THERE-
   51  OF, ANY PUBLIC AUTHORITY OF THIS OR ANY OTHER  STATE  OR  ANY  POLITICAL
   52  SUBDIVISION  OR MUNICIPALITY OF THE STATE. IN CONNECTION WITH THE OPERA-
   53  TION OF ANY SUCH TRANSPORTATION FACILITY, THE AUTHORITY  MAY  ESTABLISH,
   54  CONSTRUCT,  EFFECTUATE,  OPERATE, MAINTAIN, RENOVATE, IMPROVE, EXTEND OR
   55  REPAIR OR MAY PROVIDE BY CONTRACT, LEASE OR OTHER  ARRANGEMENT  FOR  THE
   56  ESTABLISHMENT, CONSTRUCTION, EFFECTUATION, OPERATION, MAINTENANCE, RENO-
       S. 3967                            10                            A. 5511
    1  VATION,  IMPROVEMENT,  EXTENSION  OR  REPAIR OF ANY RELATED SERVICES AND
    2  ACTIVITIES IT DEEMS NECESSARY, CONVENIENT OR  DESIRABLE,  INCLUDING  BUT
    3  NOT  LIMITED TO THE TRANSPORTATION AND STORAGE OF FREIGHT AND THE UNITED
    4  STATES MAIL, FEEDER AND CONNECTING TRANSPORTATION, PARKING AREAS, TRANS-
    5  PORTATION CENTERS, PORTS, STATIONS AND RELATED FACILITIES.
    6    3. THE AUTHORITY MAY ESTABLISH, LEVY AND COLLECT OR CAUSE TO BE ESTAB-
    7  LISHED,  LEVIED  AND  COLLECTED  AND,  IN  THE  CASE  OF A JOINT SERVICE
    8  ARRANGEMENT, JOIN WITH OTHERS IN THE ESTABLISHMENT, LEVY AND  COLLECTION
    9  OF  SUCH  FARES, TOLLS, RENTALS, RATES, CHARGES AND OTHER FEES AS IT MAY
   10  DEEM NECESSARY, CONVENIENT OR DESIRABLE FOR THE USE AND OPERATION OF ANY
   11  TRANSPORTATION FACILITY AND RELATED SERVICES OPERATED BY  THE  AUTHORITY
   12  OR BY A SUBSIDIARY CORPORATION OF THE AUTHORITY OR UNDER CONTRACT, LEASE
   13  OR  OTHER  ARRANGEMENT,  INCLUDING  JOINT SERVICE ARRANGEMENTS, WITH THE
   14  AUTHORITY. ANY SUCH FARES, TOLLS, RENTALS, RATES, CHARGES OR OTHER  FEES
   15  FOR  THE  TRANSPORTATION  OF PASSENGERS SHALL BE ESTABLISHED AND CHANGED
   16  ONLY IF APPROVED BY RESOLUTION OF THE AUTHORITY ADOPTED BY NOT LESS THAN
   17  A MAJORITY VOTE OF THE  AUTHORITY  AND  ONLY  AFTER  A  PUBLIC  HEARING,
   18  PROVIDED  HOWEVER,  THAT  FARES, TOLLS, RENTALS, RATES, CHARGES OR OTHER
   19  FEES FOR THE TRANSPORTATION OF PASSENGERS ON ANY TRANSPORTATION FACILITY
   20  WHICH ARE IN EFFECT AT THE TIME THAT THE THEN OWNER OF SUCH  TRANSPORTA-
   21  TION  FACILITY  BECOMES  A SUBSIDIARY CORPORATION OF THE AUTHORITY OR AT
   22  THE TIME THAT OPERATION OF SUCH TRANSPORTATION FACILITY IS COMMENCED  BY
   23  THE AUTHORITY OR IS COMMENCED UNDER CONTRACT, LEASE OR OTHER ARRANGEMENT
   24  INCLUDING  JOINT SERVICE ARRANGEMENTS, WITH THE AUTHORITY MAY BE CONTIN-
   25  UED IN EFFECT WITHOUT SUCH A HEARING. SUCH FARES, TOLLS, RENTALS, RATES,
   26  CHARGES AND OTHER FEES SHALL BE ESTABLISHED AS MAY IN  THE  JUDGMENT  OF
   27  THE  AUTHORITY  BE  NECESSARY TO MAINTAIN THE COMBINED OPERATIONS OF THE
   28  AUTHORITY AND ITS SUBSIDIARY CORPORATIONS ON  A  SELF-SUSTAINING  BASIS.
   29  THE  SAID OPERATIONS SHALL BE DEEMED TO BE ON A SELF-SUSTAINING BASIS AS
   30  REQUIRED BY THIS TITLE, WHEN THE AUTHORITY IS ABLE TO PAY OR CAUSE TO BE
   31  PAID FROM REVENUE AND ANY OTHER FUNDS OR PROPERTY ACTUALLY AVAILABLE  TO
   32  THE  AUTHORITY  AND  ITS  SUBSIDIARY  CORPORATIONS (A) AS THE SAME SHALL
   33  BECOME DUE, THE PRINCIPAL OF AND INTEREST ON THE  BONDS  AND  NOTES  AND
   34  OTHER  OBLIGATIONS OF THE AUTHORITY AND OF SUCH SUBSIDIARY CORPORATIONS,
   35  TOGETHER WITH THE MAINTENANCE OF PROPER RESERVES THEREFOR, (B) THE  COST
   36  AND  EXPENSE  OF  KEEPING THE PROPERTIES AND ASSETS OF THE AUTHORITY AND
   37  ITS SUBSIDIARY CORPORATIONS IN GOOD CONDITION AND REPAIR,  AND  (C)  THE
   38  CAPITAL  AND  OPERATING  EXPENSES  OF  THE  AUTHORITY AND ITS SUBSIDIARY
   39  CORPORATIONS. THE AUTHORITY MAY CONTRACT WITH THE HOLDERS OF  BONDS  AND
   40  NOTES  WITH  RESPECT  TO  THE  EXERCISE OF THE POWERS AUTHORIZED BY THIS
   41  SECTION.
   42    4. THE AUTHORITY MAY ESTABLISH AND,  IN  THE  CASE  OF  JOINT  SERVICE
   43  ARRANGEMENTS,  JOIN  WITH  OTHERS IN THE ESTABLISHMENT OF SUCH SCHEDULES
   44  AND STANDARDS OF OPERATIONS AND SUCH OTHER RULES AND REGULATIONS INCLUD-
   45  ING BUT NOT LIMITED TO RULES AND REGULATIONS GOVERNING THE  CONDUCT  AND
   46  SAFETY  OF  THE PUBLIC AS IT MAY DEEM NECESSARY, CONVENIENT OR DESIRABLE
   47  FOR THE USE AND OPERATION OF ANY  TRANSPORTATION  FACILITY  AND  RELATED
   48  SERVICES  OPERATED  BY  THE  AUTHORITY OR UNDER CONTRACT, LEASE OR OTHER
   49  ARRANGEMENT, INCLUDING JOINT SERVICE ARRANGEMENTS, WITH  THE  AUTHORITY.
   50  SUCH  RULES  AND  REGULATIONS  GOVERNING  THE  CONDUCT AND SAFETY OF THE
   51  PUBLIC SHALL BE FILED  WITH  THE  DEPARTMENT  OF  STATE  IN  THE  MANNER
   52  PROVIDED BY SECTION ONE HUNDRED TWO OF THE EXECUTIVE LAW. IN THE CASE OF
   53  ANY  CONFLICT  BETWEEN  ANY  SUCH  RULE  OR  REGULATION OF THE AUTHORITY
   54  GOVERNING THE CONDUCT OR SAFETY OF THE PUBLIC AND ANY LOCAL  LAW,  ORDI-
   55  NANCE,  RULE  OR  REGULATION,  SUCH  RULE OR REGULATION OF THE AUTHORITY
   56  SHALL PREVAIL.  VIOLATION OF ANY SUCH RULE OR REGULATION OF THE AUTHORI-
       S. 3967                            11                            A. 5511
    1  TY GOVERNING THE CONDUCT OR THE SAFETY OF THE  PUBLIC  IN  OR  UPON  ANY
    2  FACILITY  OF  THE  AUTHORITY  SHALL  CONSTITUTE  AN OFFENSE AND SHALL BE
    3  PUNISHABLE BY A FINE NOT EXCEEDING FIFTY DOLLARS OR IMPRISONMENT FOR NOT
    4  MORE THAN THIRTY DAYS OR BOTH.
    5    5.  THE AUTHORITY MAY ACQUIRE, HOLD, OWN, LEASE, ESTABLISH, CONSTRUCT,
    6  EFFECTUATE, OPERATE, MAINTAIN, RENOVATE, IMPROVE, EXTEND OR  REPAIR  ANY
    7  OF  ITS  FACILITIES  THROUGH,  AND  CAUSE ANY ONE OR MORE OF ITS POWERS,
    8  DUTIES, FUNCTIONS OR ACTIVITIES TO BE EXERCISED OR PERFORMED BY, ONE  OR
    9  MORE  WHOLLY  OWNED  SUBSIDIARY  CORPORATIONS  OF  THE AUTHORITY AND MAY
   10  TRANSFER TO OR FROM ANY SUCH CORPORATION ANY MONEYS,  REAL  PROPERTY  OR
   11  OTHER  PROPERTY  FOR ANY OF THE PURPOSES OF THIS TITLE. THE DIRECTORS OR
   12  MEMBERS OF EACH SUCH SUBSIDIARY CORPORATION SHALL BE  THE  SAME  PERSONS
   13  HOLDING  THE  OFFICES  OF MEMBERS OF THE AUTHORITY. EACH SUCH SUBSIDIARY
   14  CORPORATION AND ANY OF ITS PROPERTY, FUNCTIONS AND ACTIVITIES SHALL HAVE
   15  ALL OF THE PRIVILEGES, IMMUNITIES, TAX EXEMPTIONS AND  OTHER  EXEMPTIONS
   16  OF  THE  AUTHORITY AND OF THE AUTHORITY'S PROPERTY, FUNCTIONS AND ACTIV-
   17  ITIES.  EACH  SUCH  SUBSIDIARY  CORPORATION  SHALL  BE  SUBJECT  TO  THE
   18  RESTRICTIONS AND LIMITATIONS TO WHICH THE AUTHORITY MAY BE SUBJECT. EACH
   19  SUCH  SUBSIDIARY CORPORATION SHALL BE SUBJECT TO SUIT IN ACCORDANCE WITH
   20  SECTION THIRTEEN HUNDRED FORTY-NINE-S OF THIS TITLE.  THE  EMPLOYEES  OF
   21  ANY  SUCH SUBSIDIARY CORPORATION, EXCEPT THOSE WHO ARE ALSO EMPLOYEES OF
   22  THE AUTHORITY, SHALL NOT BE DEEMED EMPLOYEES OF THE  AUTHORITY.  IF  THE
   23  AUTHORITY  SHALL  DETERMINE  THAT  ONE  OR MORE OF ITS SUBSIDIARY CORPO-
   24  RATIONS SHOULD BE IN THE FORM OF A PUBLIC BENEFIT CORPORATION, IT  SHALL
   25  CREATE EACH SUCH PUBLIC BENEFIT CORPORATION BY EXECUTING AND FILING WITH
   26  THE  SECRETARY  OF  STATE  A  CERTIFICATE OF INCORPORATION, WHICH MAY BE
   27  AMENDED FROM TIME TO TIME BY FILING, WHICH SHALL SET FORTH THE  NAME  OF
   28  SUCH  PUBLIC  BENEFIT SUBSIDIARY CORPORATION, ITS DURATION, THE LOCATION
   29  OF ITS PRINCIPAL OFFICE, AND ANY OR ALL OF THE  PURPOSES  OF  ACQUIRING,
   30  OWNING,  LEASING,  ESTABLISHING,  CONSTRUCTING, EFFECTUATING, OPERATING,
   31  MAINTAINING, RENOVATING, IMPROVING, EXTENDING OR REPAIRING ONE  OR  MORE
   32  FACILITIES  OF THE AUTHORITY. EACH SUCH PUBLIC BENEFIT SUBSIDIARY CORPO-
   33  RATION SHALL BE A BODY POLITIC AND CORPORATE AND SHALL  HAVE  ALL  THOSE
   34  POWERS VESTED IN THE AUTHORITY BY THE PROVISIONS OF THIS TITLE WHICH THE
   35  AUTHORITY SHALL DETERMINE TO INCLUDE IN ITS CERTIFICATE OF INCORPORATION
   36  EXCEPT  THE  POWER  TO CONTRACT INDEBTEDNESS.  WHENEVER ANY STATE, POLI-
   37  TICAL SUBDIVISION, MUNICIPALITY, COMMISSION,  AGENCY,  OFFICER,  DEPART-
   38  MENT,  BOARD,  DIVISION OR PERSON IS AUTHORIZED AND EMPOWERED FOR ANY OF
   39  THE PURPOSES OF THIS TITLE TO COOPERATE AND ENTER INTO  AGREEMENTS  WITH
   40  THE  AUTHORITY  SUCH STATE, POLITICAL SUBDIVISION, MUNICIPALITY, COMMIS-
   41  SION, AGENCY, OFFICER, DEPARTMENT, BOARD, DIVISION OR PERSON SHALL  HAVE
   42  THE  SAME  AUTHORIZATION AND POWER FOR ANY OF SUCH PURPOSES TO COOPERATE
   43  AND ENTER INTO AGREEMENTS WITH A SUBSIDIARY CORPORATION OF THE  AUTHORI-
   44  TY.
   45    6.  THE  AUTHORITY,  IN  ITS OWN NAME OR IN THE NAME OF THE STATE, MAY
   46  APPLY FOR AND RECEIVE AND ACCEPT GRANTS OF PROPERTY, MONEY AND  SERVICES
   47  AND  OTHER  ASSISTANCE  OFFERED  OR  MADE AVAILABLE TO IT BY ANY PERSON,
   48  GOVERNMENT OR AGENCY WHATEVER, WHICH IT MAY USE OR MEET CAPITAL OR OPER-
   49  ATING EXPENSES AND FOR ANY OTHER USE WITHIN THE SCOPE OF ITS POWERS, AND
   50  TO NEGOTIATE FOR THE SAME UPON SUCH TERMS AND CONDITIONS AS THE AUTHORI-
   51  TY MAY DETERMINE TO BE NECESSARY, CONVENIENT OR DESIRABLE.
   52    7. THE AUTHORITY MAY DO ALL THINGS IT DEEMS NECESSARY,  CONVENIENT  OR
   53  DESIRABLE TO MANAGE, CONTROL AND DIRECT THE MAINTENANCE AND OPERATION OF
   54  TRANSPORTATION  FACILITIES,  EQUIPMENT  OR  REAL PROPERTY OPERATED BY OR
   55  UNDER CONTRACT, LEASE OR OTHER ARRANGEMENT WITH THE AUTHORITY. EXCEPT AS
   56  SPECIALLY PROVIDED IN THIS TITLE, NO MUNICIPALITY OR POLITICAL  SUBDIVI-
       S. 3967                            12                            A. 5511
    1  SION,  INCLUDING  BUT  NOT  LIMITED  TO A COUNTY, CITY, VILLAGE, TOWN OR
    2  SCHOOL OR OTHER DISTRICT SHALL HAVE JURISDICTION OVER ANY FACILITIES  OF
    3  THE  AUTHORITY OR ANY OF ITS ACTIVITIES OR OPERATIONS. IN THE OPERATION,
    4  MAINTENANCE AND CONTROL OF ANY FACILITIES DEVOTED TO PURPOSES OTHER THAN
    5  DIRECT  TRANSPORTATION  PURPOSES,  THE AUTHORITY SHALL BE SUBJECT TO ALL
    6  LOCAL LAWS, RESOLUTIONS, ORDINANCES, RULES AND REGULATIONS OF A  MUNICI-
    7  PALITY OR POLITICAL SUBDIVISION. EACH MUNICIPALITY OR POLITICAL SUBDIVI-
    8  SION,  INCLUDING  BUT  NOT  LIMITED  TO A COUNTY, CITY, VILLAGE, TOWN OR
    9  DISTRICT IN WHICH ANY FACILITIES OF  THE  AUTHORITY  ARE  LOCATED  SHALL
   10  PROVIDE  FOR SUCH FACILITIES POLICE, FIRE AND HEALTH PROTECTION SERVICES
   11  OF THE SAME CHARACTER AND TO THE SAME EXTENT AS THOSE PROVIDED FOR RESI-
   12  DENTS OF SUCH MUNICIPALITY OR POLITICAL SUBDIVISION. THE  AUTHORITY  MAY
   13  AGREE  WITH  THE STATE DEPARTMENT OF TRANSPORTATION FOR THE EXECUTION BY
   14  SUCH DEPARTMENT OF ANY GRADE CROSSING ELIMINATION PROJECT OR  ANY  GRADE
   15  CROSSING  SEPARATION  RECONSTRUCTION PROJECT ALONG ANY RAILROAD FACILITY
   16  OPERATED BY THE AUTHORITY OR BY ONE OF ITS  SUBSIDIARY  CORPORATIONS  OR
   17  UNDER  CONTRACT, LEASE OR OTHER ARRANGEMENT WITH THE AUTHORITY. ANY SUCH
   18  PROJECT SHALL BE EXECUTED AS PROVIDED IN THE GRADE CROSSING  ELIMINATION
   19  ACT  AND  THE  RAILROAD  LAW,  RESPECTIVELY,  AND  THE COSTS OF ANY SUCH
   20  PROJECT SHALL BE BORNE AS PROVIDED IN SUCH LAWS, EXCEPT THAT THE AUTHOR-
   21  ITY'S SHARE OF SUCH COSTS SHALL BE BORNE BY THE STATE.
   22    8. THE AUTHORITY MAY ACCEPT UNCONDITIONAL GRANTS OF MONEY OR  PROPERTY
   23  AS  SUBSIDY  PAYMENTS  FOR  EXPANSION  OF  SERVICE INTO AREAS WHERE SUCH
   24  SERVICE WOULD NOT BE SELF-SUPPORTING. THE AUTHORITY MAY ACCEPT  UNCONDI-
   25  TIONAL GRANTS OF MONEY OR PROPERTY FROM ANY CITY, VILLAGE, TOWN OR COUN-
   26  TY  NOT  WHOLLY  CONTAINED  WITHIN A CITY THE WHOLE OR ANY PART OF WHICH
   27  SHALL BE SERVED OR TO BE SERVED BY A TRANSPORTATION FACILITY OPERATED BY
   28  THE AUTHORITY. SUCH GRANTS OF MONEY OR PROPERTY WOULD BE FOR THE PURPOSE
   29  OF ASSISTING THE AUTHORITY IN MEETING ITS CAPITAL OR OPERATING EXPENSES.
   30  THE ACCEPTANCE OF ANY SUCH GRANT SHALL NOT OPERATE TO MAKE THE AUTHORITY
   31  AN AGENCY OF THE MUNICIPALITY MAKING THE GRANT. THE PROVISIONS  OF  THIS
   32  SECTION  ARE  INTENDED  AS  ENABLING  LEGISLATION  ONLY AND SHALL NOT BE
   33  INTERPRETED AS IMPLYING THAT ABSENT THEIR ENACTMENT AN  AUTHORITY  WOULD
   34  LACK THE POWER TO ACCEPT SUCH GRANT OR SUBSIDY.
   35    9.  THE  AUTHORITY IS HEREBY DIRECTED TO PREPARE A TRANSPORTATION PLAN
   36  FOR THE PECONIC BAY REGIONAL TRANSPORTATION DISTRICT.  SUCH  PLAN  SHALL
   37  CONSIDER  BUT  NOT  BE  LIMITED TO THE FOLLOWING TRANSPORTATION ALTERNA-
   38  TIVES:
   39    (A) ESTABLISHMENT  OF  PARK  AND  RAIL  STATIONS  AT  GABRESKI  COUNTY
   40  AIRPORT,  WESTHAMPTON,  SOUTHAMPTON  COLLEGE,  SOUTHAMPTON, EAST HAMPTON
   41  TOWN AIRPORT, EAST HAMPTON, AND MONTAUK;
   42    (B) ESTABLISHMENT OF SHUTTLE TRAINS FROM MONTAUK TO EAST HAMPTON, EAST
   43  HAMPTON TO SOUTHAMPTON, AND SOUTHAMPTON TO  WESTHAMPTON,  UTILIZING  THE
   44  EXISTING LONG ISLAND RAILROAD RIGHT-OF-WAY;
   45    (C) ADDITION OF MORE NON-STOP TRAINS FROM NEW YORK CITY TO THE PECONIC
   46  BAY REGIONAL TRANSPORTATION DISTRICT ON A SEASONABLE AND WEEKEND BASIS;
   47    (D)  ESTABLISHMENT  OF  OUTLYING  PARKING  AREAS  AND SHUTTLE BUSES TO
   48  REDUCE CONGESTION IN CENTRAL BUSINESS DISTRICTS;
   49    (E) ESTABLISHMENT  OF  A  HEALTH  AND  HUMAN  SERVICES  TRANSPORTATION
   50  PROGRAM TO ASSIST SENIOR CITIZENS IN LOWER INCOME RESIDENTIAL AREAS;
   51    (F)  TRANSFER  OF AUTHORITY FOR THE ESTABLISHMENT OF SPEED LIMITS FROM
   52  STATE TO LOCAL GOVERNMENT;
   53    (G) RECONFIGURATION OF THE COUNTY BUS SYSTEM TO COMPLEMENT NEW TRANSIT
   54  OPTIONS SUCH AS PARK AND RAIL, SHUTTLE  TRAINS,  INCREASED  TRAINS,  AND
   55  OUTLYING PARKING AREAS;
   56    (H) A BIKE PATH NETWORK; AND
       S. 3967                            13                            A. 5511
    1    (I) PASSENGER FERRIES.
    2    10.  NOTWITHSTANDING  ANY  OF  THE ABOVE PROVISIONS, NO PROJECT MAY BE
    3  UNDERTAKEN BY THE AUTHORITY UNLESS SUCH PROJECT IS A PART OF OR CONSIST-
    4  ENT WITH THE ADOPTED MASTER PLAN.
    5    S 1349-J. ACQUISITION AND DISPOSITION OF REAL PROPERTY. 1. IN ADDITION
    6  TO THE POWERS PROVIDED IN SECTION THIRTEEN HUNDRED FORTY-NINE-H OF  THIS
    7  TITLE TO ACQUIRE TRANSPORTATION FACILITIES, EQUIPMENT AND REAL PROPERTY,
    8  THE  AUTHORITY  MAY  ACQUIRE,  BY  CONDEMNATION  PURSUANT TO THE EMINENT
    9  DOMAIN  PROCEDURE  LAW  AND/OR  IN  ACCORDANCE  WITH  THE   CONDEMNATION
   10  PROVISIONS  OF  SUBDIVISION  SEVEN OF THIS SECTION, ANY REAL PROPERTY IT
   11  MAY DEEM NECESSARY, CONVENIENT, OR DESIRABLE TO EFFECTUATE  THE  PURPOSE
   12  OF THIS TITLE, PROVIDED, HOWEVER, THAT ANY SUCH CONDEMNATION PROCEEDINGS
   13  SHALL  BE  BROUGHT  ONLY IN THE SUPREME COURT AND THE COMPENSATION TO BE
   14  PAID SHALL BE ASCERTAINED AND DETERMINED BY THE COURT  WITHOUT  A  JURY.
   15  NOTWITHSTANDING  THE  FOREGOING  PROVISIONS OF THIS SUBDIVISION, NO REAL
   16  PROPERTY MAY BE ACQUIRED BY THE AUTHORITY BY CONDEMNATION OR BY PURCHASE
   17  FOR PURPOSES OTHER THAN A TRANSPORTATION FACILITY UNLESS  THE  GOVERNING
   18  BODY OF THE CITY, VILLAGE OR TOWN IN WHICH SUCH REAL PROPERTY IS LOCATED
   19  SHALL FIRST CONSENT TO SUCH ACQUISITION.
   20    2. NOTHING CONTAINED IN THIS SECTION SHALL BE CONSTRUED TO PREVENT THE
   21  AUTHORITY  FROM  BRINGING  ANY PROCEEDINGS TO REMOVE A CLOUD ON TITLE OR
   22  SUCH OTHER PROCEEDINGS AS IT MAY, IN ITS  DISCRETION,  DEEM  PROPER  AND
   23  NECESSARY  OR  FROM  ACQUIRING  ANY  SUCH  PROPERTY  BY  NEGOTIATION  OR
   24  PURCHASE.
   25    3. WHERE A PERSON ENTITLED TO AN AWARD IN THE PROCEEDINGS  TO  CONDEMN
   26  ANY  REAL  PROPERTY  FOR  ANY  OF  THE PURPOSES OF THIS TITLE REMAINS IN
   27  POSSESSION OF SUCH PROPERTY AFTER THE TIME OF THE VESTING  OF  TITLE  IN
   28  THE  CONDEMNOR,  THE REASONABLE VALUE OF HIS OR HER USE AND OCCUPANCY OF
   29  SUCH PROPERTY SUBSEQUENT TO SUCH TIME AS FIXED BY AGREEMENT  OR  BY  THE
   30  COURT  IN  SUCH  PROCEEDINGS  OR  BY ANY COURT OF COMPETENT JURISDICTION
   31  SHALL BE A LIEN AGAINST SUCH AWARD SUBJECT ONLY TO THE LIENS  OF  RECORD
   32  AT THE TIME OF VESTING OF TITLE IN THE CONDEMNOR.
   33    4.  TITLE  TO ALL PROPERTY ACQUIRED UNDER THIS TITLE SHALL VEST IN THE
   34  AUTHORITY.
   35    5. THE AUTHORITY MAY, WHENEVER IT DETERMINES THAT IT IS IN THE  INTER-
   36  EST  OF  THE  AUTHORITY,  DISPOSE OF ANY REAL PROPERTY OR PROPERTY OTHER
   37  THAN REAL PROPERTY, WHICH IT DETERMINES IS NOT NECESSARY, CONVENIENT  OR
   38  DESIRABLE FOR ITS PURPOSES.
   39    6.  THE  AUTHORITY  MAY, WHENEVER IT SHALL DETERMINE THAT IT IS IN THE
   40  INTEREST OF THE AUTHORITY, RENT,  LEASE  OR  GRANT  EASEMENTS  OR  OTHER
   41  RIGHTS IN, ANY LAND OR PROPERTY OF THE AUTHORITY.
   42    7.  THE  AUTHORITY  MAY ADOPT THE FOLLOWING CONDEMNATION PROCEDURES. A
   43  CERTIFIED COPY OF A RESOLUTION ADOPTED BY THE AUTHORITY AUTHORIZING  THE
   44  ACQUISITION  AND IDENTIFYING AND DESCRIBING THE PROPERTY AND FRANCHISES,
   45  IF ANY, SOUGHT TO BE ACQUIRED BY CONDEMNATION  SHALL  BE  FILED  IN  THE
   46  OFFICE OF THE COUNTY CLERK OF THE COUNTY IN WHICH SUCH PROPERTY IS SITU-
   47  ATED,  HELD OR MAINTAINED. A PETITION FOR AN ORDER VESTING TITLE TO SUCH
   48  PROPERTY AND FRANCHISES, IF ANY, SOUGHT TO BE ACQUIRED  BY  CONDEMNATION
   49  SHALL  SET  FORTH  A DESCRIPTION OF THE SAID PROPERTY AND FRANCHISES, IF
   50  ANY, AND A PRAYER THAT TITLE  BE  VESTED  IN  THE  AUTHORITY,  SHALL  BE
   51  PRESENTED,  UPON  NOTICE OF THE APPLICATION TO CONDEMN PUBLISHED IN FIVE
   52  SUCCESSIVE ISSUES OF A PUBLICATION OF  GENERAL  CIRCULATION  WITHIN  THE
   53  COUNTY  WHERE  SUCH  PROPERTY  AND FRANCHISES, IF ANY, ARE LOCATED, TO A
   54  SPECIAL TERM OF THE SUPREME COURT HELD AT THE TIME AND  PLACE  SPECIFIED
   55  IN SUCH NOTICE, WITHIN THE JUDICIAL DISTRICT IN WHICH THE PROPERTY BEING
   56  ACQUIRED  OR  SOME PART THEREOF IS SITUATED. SUCH PROCEEDINGS SHALL HAVE
       S. 3967                            14                            A. 5511
    1  PRECEDENCE OVER ALL OTHER CASES ON THE CALENDAR OF SUCH COURT, ANY OTHER
    2  PROVISION OF LAW TO THE CONTRARY NOTWITHSTANDING. UPON DUE PROOF TO  THE
    3  SATISFACTION  OF  THE COURT OF THE FILING OF THE RESOLUTION AS DESCRIBED
    4  IN THIS TITLE, SUCH COURT, NOT LATER THAN THREE DAYS AFTER THE PRESENTA-
    5  TION  OF  THE  PETITION, SHALL THEREUPON ENTER AN ORDER VESTING TITLE TO
    6  SUCH PROPERTY AND FRANCHISES, IF ANY, IN THE AUTHORITY. UPON SUCH  VEST-
    7  ING  OF  TITLE THE AUTHORITY SHALL HAVE THE RIGHT TO ENTER UPON AND TAKE
    8  POSSESSION OF SUCH PROPERTY. A  NOTICE  OF  SUCH  ACQUISITION  SHALL  BE
    9  DIRECTED  TO  THE  OWNERS  OF  THE  PROPERTY  AND FRANCHISES, IF ANY, SO
   10  ACQUIRED AND TO ANY OTHER PERSON OR PERSONS HAVING AN  ESTATE,  INTEREST
   11  OR EASEMENT IN SUCH PROPERTY OR A LIEN, CHARGE OR ENCUMBRANCE THEREON BY
   12  PERSONAL  SERVICE OR BY REGISTERED MAIL AT THE LAST KNOWN ADDRESS WITHIN
   13  FIFTEEN DAYS AFTER SUCH VESTING OF TITLE. SUCH NOTICE  SHALL  SET  FORTH
   14  SUCH  RESOLUTION,  THE  DATE OF THE SUBMISSION TO THE COURT, THE DATE OF
   15  THE ORDER VESTING TITLE IN SUCH AUTHORITY AND SUCH OTHER MATTERS AS  THE
   16  AUTHORITY MAY DETERMINE.
   17    8. IF FUNDS ARE MADE AVAILABLE BY THE AUTHORITY FOR THE PAYMENT OF THE
   18  COST AND EXPENSE OF THE ACQUISITION THEREOF, THE DEPARTMENT OF TRANSPOR-
   19  TATION  OF  THE  STATE OF NEW YORK, WHEN REQUESTED BY THE AUTHORITY, MAY
   20  ACQUIRE SUCH REAL PROPERTY IN THE NAME OF THE STATE AS MAY BE DETERMINED
   21  FROM TIME TO TIME BY THE AUTHORITY AS  BEING  NECESSARY,  CONVENIENT  OR
   22  DESIRABLE TO EFFECTUATE THE PURPOSES OF THIS TITLE, MAY REMOVE THE OWNER
   23  OR  OCCUPANT  THEREOF  WHERE  NECESSARY, AND OBTAIN POSSESSION AND, WHEN
   24  REQUESTED BY  THE  AUTHORITY,  MAY  DISPOSE  OF  ANY  REAL  PROPERTY  SO
   25  ACQUIRED,  ALL  ACCORDING TO THE PROCEDURE PROVIDED IN SECTION THIRTY OF
   26  THE HIGHWAY LAW AND PURSUANT TO THE  PROCEDURE  REQUIRED  UNDER  FEDERAL
   27  LAW,  WHEN APPLICABLE. THE AUTHORITY SHALL HAVE THE RIGHT TO POSSESS AND
   28  USE FOR ITS CORPORATE PURPOSES  ALL  SUCH  REAL  PROPERTY  SO  ACQUIRED.
   29  CLAIMS  FOR THE VALUE OF THE PROPERTY APPROPRIATED AND FOR LEGAL DAMAGES
   30  CAUSED BY ANY SUCH APPROPRIATION SHALL BE  ADJUSTED  AND  DETERMINED  BY
   31  SUCH  DEPARTMENT  WITH  THE APPROVAL OF THE AUTHORITY OR BY THE COURT OF
   32  CLAIMS AS PROVIDED IN SECTION THIRTY OF THE HIGHWAY LAW AND AS  REQUIRED
   33  BY  FEDERAL  LAW,  WHEN APPLICABLE. WHEN A CLAIM HAS BEEN FILED WITH THE
   34  COURT OF CLAIMS, THE CLAIMANT SHALL CAUSE A COPY OF  SUCH  CLAIM  TO  BE
   35  SERVED  UPON  THE AUTHORITY AND THE AUTHORITY SHALL HAVE THE RIGHT TO BE
   36  REPRESENTED AND HEARD BEFORE SUCH COURT. ALL AWARDS AND JUDGMENTS  ARIS-
   37  ING  FROM  SUCH  CLAIMS SHALL BE PAID OUT OF MONEYS OF THE AUTHORITY. NO
   38  REAL PROPERTY MAY BE ACQUIRED PURSUANT TO THE PROVISIONS OF THIS SECTION
   39  FOR PURPOSES OTHER THAN A TRANSPORTATION FACILITY UNLESS  THE  GOVERNING
   40  BODY OF THE CITY, VILLAGE OR TOWN IN WHICH SUCH REAL PROPERTY IS LOCATED
   41  SHALL FIRST CONSENT TO SUCH ACQUISITION.
   42    S  1349-K. COOPERATION AND ASSISTANCE OF OTHER AGENCIES. IN THE INTER-
   43  EST OF ECONOMY AND TO PROMOTE COORDINATION OF  AUTHORITY  PROJECTS  WITH
   44  STATE, LOCAL, COUNTY AND REGIONAL PLANS AND ALSO TO CARRY OUT THE OBJEC-
   45  TIVE  OF  FULL  PARTICIPATION  OF  ALL  AGENCIES IN THE DEVELOPMENT OF A
   46  TRANSPORTATION SYSTEM AND FACILITIES TO  MEET  THE  OBJECTIVES  OF  THIS
   47  TITLE,  THE  AUTHORITY  SHALL  REQUEST  AND USE EXISTING STUDIES, MASTER
   48  PLANS, SURVEYS, DATA AND OTHER MATERIALS COMPLETED BY OR UNDER  DEVELOP-
   49  MENT BY ANY STATE AGENCY OR ANY MUNICIPALITY OR POLITICAL SUBDIVISION OF
   50  THE  STATE.  THE  AUTHORITY  SHALL  CONSULT  WITH AND COOPERATE WITH THE
   51  COMMISSIONER AND WITH PLANNING AUTHORITIES IN THE  AREAS  OF  ITS  OPER-
   52  ATIONS  AND  SHALL  UTILIZE  LOCAL  OR STATE PLANNING. WHEN A PROJECT IS
   53  CONTEMPLATED BY THE AUTHORITY, THE AUTHORITY SHALL SUBMIT A  PRELIMINARY
   54  PROSPECTUS  THEREOF TO THE COMMISSIONER FOR REVIEW AND COMMENT AND SHALL
   55  CONSIDER THE REPORT OF THE COMMISSIONER IN  FORMULATING  DETAILED  PLANS
   56  FOR SUCH PROJECT. WHEN A PROJECT IS CONTEMPLATED BY THE AUTHORITY WITHIN
       S. 3967                            15                            A. 5511
    1  THE  JURISDICTION  OF  ANY  SUFFOLK COUNTY PLANNING BOARD, THE AUTHORITY
    2  SHALL PREPARE A PRELIMINARY PROSPECTUS THEREOF, DESCRIBING THE  PURPOSE,
    3  GENERAL  LOCATION,  AND  NATURE  OF  THE PROJECT CONTEMPLATED, WITH SUCH
    4  FURTHER  DATA  RELATIVE THERETO THAT THE AUTHORITY SHALL CONSIDER PERTI-
    5  NENT. WITHIN SIXTY DAYS OF RECEIPT  OF  SUCH  PROSPECTUS  SUCH  PLANNING
    6  BOARD  SHALL  PREPARE  A REPORT THEREON, COMMENTING ON ITS CONFORMITY OR
    7  LACK OF CONFORMITY WITH ANY RELATED OFFICIAL PLAN OF THE  STATE  OR  ANY
    8  OFFICIAL PLANNING AGENCY WITHIN THE REGION. SUCH REPORT SHALL BE CONSID-
    9  ERED  BY THE AUTHORITY IN FORMULATING DETAILED PLANS FOR SUCH A PROJECT.
   10  AT THE REQUEST OF THE  AUTHORITY,  EACH  SUCH  AGENCY,  MUNICIPALITY  OR
   11  SUBDIVISION  WHICH  IS ENGAGED IN HIGHWAY OR OTHER TRANSPORTATION ACTIV-
   12  ITIES OR IN LAND USE OR DEVELOPMENT PLANNING, OR WHICH IS  CHARGED  WITH
   13  THE  DUTY  OF PROVIDING OR REGULATING ANY TRANSPORTATION FACILITY OR ANY
   14  OTHER PUBLIC FACILITY, IS FURTHER AUTHORIZED TO  PROVIDE  THE  AUTHORITY
   15  WITH  INFORMATION  REGARDING ITS PLANS AND PROGRAMS AFFECTING THE TRANS-
   16  PORTATION DISTRICT SO THAT  THE  AUTHORITY  MAY  HAVE  AVAILABLE  TO  IT
   17  CURRENT  INFORMATION WITH RESPECT THERETO. THE OFFICERS AND PERSONNEL OF
   18  SUCH AGENCIES, MUNICIPALITIES OR SUBDIVISIONS, AND OF ANY OTHER  GOVERN-
   19  MENT  OR AGENCY WHATEVER, MAY SERVE AT THE REQUEST OF THE AUTHORITY UPON
   20  SUCH ADVISORY COMMITTEES AS THE AUTHORITY SHALL DETERMINE TO CREATE  AND
   21  SUCH  OFFICERS  AND  PERSONNEL  MAY  SERVE  UPON SUCH COMMITTEES WITHOUT
   22  FORFEITURE OF OFFICE OR EMPLOYMENT AND WITH NO LOSS OR DIMINUTION IN THE
   23  COMPENSATION, STATUS, RIGHTS AND PRIVILEGES WHICH THEY OTHERWISE ENJOY.
   24    S 1349-L. NOTES AND BONDS OF THE AUTHORITY. 1. (A) THE AUTHORITY SHALL
   25  HAVE POWER AND IS HEREBY AUTHORIZED FROM TIME TO TIME  TO  BORROW  MONEY
   26  AND  ISSUE  ITS NEGOTIABLE BONDS AND NOTES IN SUCH PRINCIPAL AMOUNT, AS,
   27  IN THE OPINION OF THE AUTHORITY, SHALL BE NECESSARY  TO  PROVIDE  SUFFI-
   28  CIENT  FUNDS  FOR  ACHIEVING  ITS  PURPOSES,  INCLUDING THE ACQUISITION,
   29  ESTABLISHMENT, CONSTRUCTION, EFFECTUATION, OPERATION, MAINTENANCE, RENO-
   30  VATION, IMPROVEMENT, EXTENSION OR REPAIR OF ANY TRANSPORTATION FACILITY,
   31  THE PAYMENT OF INTEREST ON BONDS AND NOTES OF THE AUTHORITY,  ESTABLISH-
   32  MENT  OF RESERVES TO SECURE SUCH BONDS AND NOTES, THE PROVISION OF WORK-
   33  ING CAPITAL AND ALL OTHER EXPENDITURES OF THE AUTHORITY AND ITS  SUBSID-
   34  IARY  CORPORATIONS  INCIDENT TO AND NECESSARY OR CONVENIENT TO CARRY OUT
   35  THEIR PURPOSES AND POWERS;
   36    (B) THE AUTHORITY SHALL HAVE  POWER,  FROM  TIME  TO  TIME,  TO  ISSUE
   37  RENEWAL NOTES, TO ISSUE BONDS TO PAY NOTES AND WHENEVER IT DEEMS REFUND-
   38  ING EXPEDIENT, TO REFUND ANY BONDS BY THE ISSUANCE OF NEW BONDS, WHETHER
   39  THE  BONDS  TO  BE REFUNDED HAVE OR HAVE NOT MATURED, AND TO ISSUE BONDS
   40  PARTLY TO REFUND  BONDS  THEN  OUTSTANDING  AND  PARTLY  FOR  ANY  OTHER
   41  PURPOSE.  THE  REFUNDING BONDS SHALL BE SOLD AND THE PROCEEDS APPLIED TO
   42  THE PURCHASE, REDEMPTION OR PAYMENT OF THE BONDS TO BE REFUNDED;
   43    (C) EXCEPT AS MAY OTHERWISE BE EXPRESSLY PROVIDED  BY  THE  AUTHORITY,
   44  EVERY  ISSUE  OF  ITS NOTES OR BONDS SHALL BE GENERAL OBLIGATIONS OF THE
   45  AUTHORITY PAYABLE OUT OF  ANY  REVENUES  OR  MONEYS  OF  THE  AUTHORITY,
   46  SUBJECT  ONLY  TO ANY AGREEMENTS WITH THE HOLDERS OF PARTICULAR NOTES OR
   47  BONDS PLEDGING ANY PARTICULAR RECEIPTS OR REVENUES;
   48    (D) WHETHER OR NOT THE NOTES OR BONDS ARE OF SUCH FORM  AND  CHARACTER
   49  AS  TO  BE  NEGOTIABLE  INSTRUMENTS  UNDER  ARTICLE EIGHT OF THE UNIFORM
   50  COMMERCIAL CODE, THE NOTES OR BONDS SHALL BE AND HEREBY ARE MADE NEGOTI-
   51  ABLE INSTRUMENTS WITHIN THE MEANING OF AND FOR ALL THE PURPOSES OF ARTI-
   52  CLE EIGHT OF THE UNIFORM COMMERCIAL CODE, SUBJECT ONLY TO THE PROVISIONS
   53  OF THE NOTES OR BONDS FOR REGISTRATION.
   54    2. THE NOTES AND BONDS SHALL BE AUTHORIZED BY RESOLUTION  APPROVED  BY
   55  NOT  LESS THAN A MAJORITY VOTE OF THE AUTHORITY, SHALL BEAR SUCH DATE OR
   56  DATES, AND SHALL MATURE AT SUCH TIME OR TIMES, AS SPECIFIED THEREIN, AND
       S. 3967                            16                            A. 5511
    1  IN THE CASE OF ANY SUCH BOND NOT EXCEEDING FIFTY YEARS FROM THE DATE  OF
    2  ISSUE,  AS  SUCH  RESOLUTION  OR  RESOLUTIONS MAY PROVIDE. THE NOTES AND
    3  BONDS SHALL BEAR INTEREST AT SUCH RATE OR  RATES,  BE  IN  SUCH  DENOMI-
    4  NATIONS, BE IN SUCH FORM, EITHER COUPON OR REGISTERED, CARRY SUCH REGIS-
    5  TRATION PRIVILEGES, BE EXECUTED IN SUCH MANNER, BE PAYABLE IN SUCH MEDI-
    6  UM  OF  PAYMENT, AT SUCH PLACE OR PLACES AND BE SUBJECT TO SUCH TERMS OF
    7  REDEMPTION AS SUCH RESOLUTION OR RESOLUTIONS MAY PROVIDE. THE NOTES  AND
    8  BONDS  OF  THE  AUTHORITY  MAY  BE  SOLD  BY THE AUTHORITY, AT PUBLIC OR
    9  PRIVATE SALE, AT SUCH PRICE OR PRICES AS THE AUTHORITY SHALL  DETERMINE.
   10  NO  NOTES  OR  BONDS  OF  THE  AUTHORITY MAY BE SOLD BY THE AUTHORITY AT
   11  PRIVATE SALE, HOWEVER, UNLESS SUCH SALE AND THE TERMS THEREOF HAVE  BEEN
   12  APPROVED  IN  WRITING  BY (A) THE COMPTROLLER, WHERE SUCH SALE IS NOT TO
   13  THE COMPTROLLER, OR (B) THE DIRECTOR OF THE BUDGET, WHERE SUCH  SALE  IS
   14  TO THE COMPTROLLER.
   15    3. ANY RESOLUTION OR RESOLUTIONS AUTHORIZING ANY NOTES OR BONDS OR ANY
   16  ISSUE  THEREOF  MAY  CONTAIN  PROVISIONS,  WHICH  SHALL BE A PART OF THE
   17  CONTRACT WITH THE HOLDERS THEREOF, AS TO: (A) PLEDGING ALL OR  ANY  PART
   18  OF  THE  FARES,  TOLLS,  RENTALS,  RATES, CHARGES AND OTHER FEES MADE OR
   19  RECEIVED BY THE AUTHORITY OR ANY OF  ITS  SUBSIDIARY  CORPORATIONS,  AND
   20  OTHER  MONEYS  RECEIVED  OR TO BE RECEIVED, TO SECURE THE PAYMENT OF THE
   21  NOTES OR BONDS OR OF ANY ISSUE THEREOF, SUBJECT TO SUCH AGREEMENTS  WITH
   22  BONDHOLDERS OR NOTEHOLDERS AS MAY THEN EXIST;
   23    (B)  PLEDGING ALL OR ANY PART OF THE ASSETS OF THE AUTHORITY OR OF ANY
   24  OF ITS SUBSIDIARY CORPORATIONS TO SECURE THE PAYMENT  OF  THE  NOTES  OR
   25  BONDS OR OF ANY ISSUE OF NOTES OR BONDS, SUBJECT TO SUCH AGREEMENTS WITH
   26  NOTEHOLDERS OR BONDHOLDERS AS MAY THEN EXIST;
   27    (C)  THE USE, AND DISPOSITION OF FARES, TOLLS, RENTALS, RATES, CHARGES
   28  AND OTHER FEES MADE OR RECEIVED BY THE AUTHORITY OR ANY OF  ITS  SUBSID-
   29  IARY CORPORATIONS;
   30    (D)  THE SETTING ASIDE OF RESERVES OR SINKING FUNDS AND THE REGULATION
   31  AND DISPOSITION THEREOF;
   32    (E) LIMITATIONS ON THE PURPOSE TO WHICH THE PROCEEDS OF SALE OF  NOTES
   33  OR BONDS MAY BE APPLIED AND PLEDGING SUCH PROCEEDS TO SECURE THE PAYMENT
   34  OF THE NOTES OR BONDS OR OF ANY ISSUE THEREOF;
   35    (F)  LIMITATIONS  ON  THE  ISSUANCE  OF ADDITIONAL NOTES OR BONDS; THE
   36  TERMS UPON WHICH ADDITIONAL NOTES OR BONDS MAY BE  ISSUED  AND  SECURED;
   37  THE REFUNDING OF OUTSTANDING OR OTHER NOTES OR BONDS;
   38    (G)  THE  PROCEDURE,  IF  ANY, BY WHICH THE TERMS OF ANY CONTRACT WITH
   39  NOTEHOLDERS OR BONDHOLDERS MAY BE AMENDED OR ABROGATED,  THE  AMOUNT  OF
   40  NOTES OR BONDS THE HOLDERS OF WHICH MUST CONSENT THERETO, AND THE MANNER
   41  IN WHICH SUCH CONSENT MAY BE GIVEN;
   42    (H) LIMITATIONS ON THE AMOUNT OF MONEYS TO BE EXPENDED BY THE AUTHORI-
   43  TY OR ANY OF ITS SUBSIDIARY CORPORATIONS OR OPERATING, ADMINISTRATIVE OR
   44  OTHER EXPENSES OF THE AUTHORITY OR ANY OF ITS SUBSIDIARY CORPORATIONS;
   45    (I) VESTING IN A TRUSTEE OR TRUSTEES SUCH PROPERTY, RIGHTS, POWERS AND
   46  DUTIES IN TRUST AS THE AUTHORITY MAY DETERMINE, WHICH MAY INCLUDE ANY OR
   47  ALL  OF  THE  RIGHTS,  POWERS AND DUTIES OF THE TRUSTEE APPOINTED BY THE
   48  BONDHOLDERS PURSUANT TO THIS TITLE, AND LIMITING OR ABROGATING THE RIGHT
   49  OF THE BONDHOLDERS TO APPOINT A TRUSTEE UNDER THIS TITLE OR LIMITING THE
   50  RIGHTS, POWERS AND DUTIES OF SUCH TRUSTEE; AND
   51    (J) ANY OTHER MATTERS, OF LIKE OR DIFFERENT CHARACTER,  WHICH  IN  ANY
   52  WAY AFFECT THE SECURITY OR PROTECTION OF THE NOTES OR BONDS.
   53    4.  IN  ADDITION  TO THE POWERS CONFERRED UPON THE AUTHORITY TO SECURE
   54  ITS NOTES AND BONDS, THE AUTHORITY SHALL HAVE POWER IN  CONNECTION  WITH
   55  THE  ISSUANCE  OF  NOTES  AND BONDS TO ENTER INTO SUCH AGREEMENTS AS THE
   56  AUTHORITY MAY DEEM NECESSARY, CONVENIENT OR DESIRABLE CONCERNING THE USE
       S. 3967                            17                            A. 5511
    1  OR DISPOSITION OF ITS MONIES OR PROPERTY OR THE MONIES  OR  PROPERTY  OF
    2  ANY OF ITS SUBSIDIARY CORPORATIONS, INCLUDING THE MORTGAGING OF ANY SUCH
    3  PROPERTY  AND THE ENTRUSTING, PLEDGING OR CREATION OF ANY OTHER SECURITY
    4  INTEREST  IN  ANY  SUCH  MONIES  OR  PROPERTY  AND  THE DOING OF ANY ACT
    5  (INCLUDING REFRAINING FROM DOING ANY ACT) WHICH THE AUTHORITY WOULD HAVE
    6  THE RIGHT TO DO IN THE ABSENCE OF SUCH AGREEMENTS. THE  AUTHORITY  SHALL
    7  HAVE  POWER  TO  ENTER INTO AMENDMENTS OF ANY SUCH AGREEMENTS WITHIN THE
    8  POWERS GRANTED TO THE AUTHORITY BY THIS TITLE AND TO PERFORM SUCH AGREE-
    9  MENTS.  THE PROVISIONS OF ANY SUCH AGREEMENTS MAY BE MADE A PART OF  THE
   10  CONTRACT WITH THE HOLDERS OF THE NOTES AND BONDS OF THE AUTHORITY.
   11    5.  IT  IS  THE INTENTION HEREOF THAT ANY PLEDGE, MORTGAGE OR SECURITY
   12  INSTRUMENT MADE BY THE AUTHORITY SHALL BE VALID  AND  BINDING  FROM  THE
   13  TIME  WHEN THE PLEDGE, MORTGAGE OR SECURITY INSTRUMENT IS MADE; THAT THE
   14  MONIES OR PROPERTY SO PLEDGED, MORTGAGED AND  ENTRUSTED  AND  THEREAFTER
   15  RECEIVED  BY  THE  AUTHORITY SHALL IMMEDIATELY BE SUBJECT TO THE LIEN OF
   16  SUCH PLEDGE, MORTGAGE OR SECURITY INSTRUMENT WITHOUT ANY PHYSICAL DELIV-
   17  ERY THEREOF OR FURTHER ACT; AND THAT THE LIEN OF ANY SUCH PLEDGE,  MORT-
   18  GAGE  OR  SECURITY  INSTRUMENT SHALL BE VALID AND BINDING AS AGAINST ALL
   19  PARTIES HAVING CLAIMS OF ANY KIND IN TORT, CONTRACT OR OTHERWISE AGAINST
   20  THE AUTHORITY, IRRESPECTIVE OF WHETHER SUCH PARTIES HAVE NOTICE THEREOF.
   21  NEITHER THE RESOLUTION NOR ANY MORTGAGE, SECURITY  INSTRUMENT  OR  OTHER
   22  INSTRUMENT BY WHICH A PLEDGE, MORTGAGE LIEN OR OTHER SECURITY IS CREATED
   23  NEED  BE  RECORDED  OR  FILED AND THE AUTHORITY SHALL NOT BE REQUIRED TO
   24  COMPLY WITH ANY OF THE PROVISIONS OF THE UNIFORM COMMERCIAL CODE.
   25    6. NEITHER THE MEMBERS OF THE AUTHORITY NOR ANY PERSON  EXECUTING  THE
   26  NOTES  OR  BONDS  SHALL BE LIABLE PERSONALLY ON THE NOTES OR BONDS OR BE
   27  SUBJECT TO ANY PERSONAL LIABILITY OR ACCOUNTABILITY  BY  REASON  OF  THE
   28  ISSUANCE THEREOF.
   29    7. THE AUTHORITY, SUBJECT TO SUCH AGREEMENTS WITH NOTEHOLDERS OR BOND-
   30  HOLDERS  AS  MAY THEN EXIST, SHALL HAVE POWER OUT OF ANY FUNDS AVAILABLE
   31  THEREFOR TO PURCHASE NOTES OR BONDS OF THE AUTHORITY, WHICH SHALL THERE-
   32  UPON BE CANCELLED, AT A PRICE NOT EXCEEDING (A) IF THE  NOTES  OR  BONDS
   33  ARE  THEN  REDEEMABLE, THE REDEMPTION PRICE THEN APPLICABLE PLUS ACCRUED
   34  INTEREST TO THE NEXT INTEREST PAYMENT DATE THEREON, OR (B) IF THE  NOTES
   35  OR BONDS ARE NOT THEN REDEEMABLE, THE REDEMPTION PRICE APPLICABLE ON THE
   36  FIRST  DATE  AFTER  SUCH  PURCHASE  UPON WHICH THE NOTES OR BONDS BECOME
   37  SUBJECT TO REDEMPTION PLUS ACCRUED INTEREST TO SUCH DATE.
   38    8. THE STATE SHALL NOT BE LIABLE ON NOTES OR BONDS  OF  THE  AUTHORITY
   39  AND  SUCH  NOTES  AND  BONDS  SHALL NOT BE A DEBT OF THE STATE, AND SUCH
   40  NOTES AND BONDS SHALL CONTAIN ON THE FACE THEREOF A  STATEMENT  TO  SUCH
   41  EFFECT.
   42    S  1349-M.  RESERVE  FUNDS  AND  APPROPRIATIONS.  1. THE AUTHORITY MAY
   43  CREATE AND ESTABLISH ONE OR MORE RESERVE  FUNDS  TO  BE  KNOWN  AS  DEBT
   44  SERVICE  RESERVE  FUNDS AND MAY PAY INTO SUCH DEBT SERVICE RESERVE FUNDS
   45  (A) ANY MONIES APPROPRIATED AND MADE AVAILABLE  BY  THE  STATE  FOR  THE
   46  PURPOSES  OF  SUCH  FUNDS, (B) ANY PROCEEDS OF SALE OF NOTES OR BONDS TO
   47  THE EXTENT PROVIDED IN THE RESOLUTION OF THE AUTHORITY  AUTHORIZING  THE
   48  ISSUANCE  THEREOF,  AND (C) ANY OTHER MONIES WHICH MAY BE MADE AVAILABLE
   49  TO THE AUTHORITY FOR THE PURPOSE OF SUCH FUNDS FROM ANY OTHER SOURCE  OR
   50  SOURCES. THE MONIES HELD IN OR CREDITED TO ANY DEBT SERVICE RESERVE FUND
   51  ESTABLISHED  UNDER THIS SECTION, EXCEPT AS PROVIDED IN THIS TITLE, SHALL
   52  BE USED SOLELY FOR THE PAYMENT OF THE PRINCIPAL OF BONDS OF THE AUTHORI-
   53  TY SECURED BY SUCH DEBT SERVICE RESERVE FUND AS  THE  SAME  MATURE,  THE
   54  PURCHASE OF SUCH BONDS OF THE AUTHORITY, THE PAYMENT OF INTEREST ON SUCH
   55  BONDS OF THE AUTHORITY OR THE PAYMENT OF ANY REDEMPTION PREMIUM REQUIRED
   56  TO  BE  PAID  WHEN  SUCH BONDS ARE REDEEMED PRIOR TO MATURITY; PROVIDED,
       S. 3967                            18                            A. 5511
    1  HOWEVER, THAT THE AUTHORITY SHALL HAVE POWER TO PROVIDE THAT  MONIES  IN
    2  ANY  SUCH  FUND  SHALL  NOT  BE  WITHDRAWN THEREFROM AT ANY TIME IN SUCH
    3  AMOUNT AS WOULD REDUCE THE AMOUNT OF SUCH FUND TO LESS THAN THE  MAXIMUM
    4  AMOUNT  OF  PRINCIPAL  AND  INTEREST  MATURING  AND  BECOMING DUE IN ANY
    5  SUCCEEDING CALENDAR YEAR OR YEARS NOT EXCEEDING TWO SUCH  YEARS  ON  THE
    6  BONDS OF THE AUTHORITY THEN OUTSTANDING AND SECURED BY SUCH DEBT SERVICE
    7  RESERVE FUND, EXCEPT FOR THE PURPOSE OF PAYING PRINCIPAL OF AND INTEREST
    8  ON SUCH BONDS OF THE AUTHORITY SECURED BY SUCH DEBT SERVICE RESERVE FUND
    9  MATURING  AND  BECOMING DUE AND FOR THE PAYMENT OF WHICH OTHER MONIES OF
   10  THE AUTHORITY ARE NOT AVAILABLE. ANY INCOME OR INTEREST  EARNED  BY,  OR
   11  INCREMENT  TO,  ANY SUCH DEBT SERVICE RESERVE FUND DUE TO THE INVESTMENT
   12  THEREOF MAY BE TRANSFERRED BY THE AUTHORITY TO ANY OTHER FUND OR ACCOUNT
   13  OF THE AUTHORITY AND THE AUTHORITY SHALL HAVE POWER TO PROVIDE THAT  ANY
   14  SUCH  TRANSFER  SHALL NOT REDUCE THE AMOUNT OF SUCH DEBT SERVICE RESERVE
   15  FUND BELOW THE MAXIMUM AMOUNT OF PRINCIPAL  AND  INTEREST  MATURING  AND
   16  BECOMING  DUE IN ANY SUCCEEDING CALENDAR YEAR OR YEARS NOT EXCEEDING TWO
   17  SUCH YEARS ON ALL BONDS OF THE AUTHORITY THEN OUTSTANDING AND SECURED BY
   18  SUCH DEBT SERVICE RESERVE FUND.
   19    2. THE AUTHORITY SHALL HAVE POWER TO PROVIDE THAT IT SHALL  NOT  ISSUE
   20  BONDS AT ANY TIME IF THE MAXIMUM AMOUNT OF PRINCIPAL AND INTEREST MATUR-
   21  ING  AND  BECOMING  DUE  IN  ANY  SUCCEEDING  CALENDAR YEAR OR YEARS NOT
   22  EXCEEDING TWO SUCH YEARS ON THE BONDS OUTSTANDING AND THEN TO BE  ISSUED
   23  AND  SECURED  BY  A  DEBT SERVICE RESERVE FUND WILL EXCEED THE AMOUNT OF
   24  SUCH DEBT SERVICE RESERVE FUND AT  THE  TIME  OF  ISSUANCE,  UNLESS  THE
   25  AUTHORITY,  AT  THE TIME OF THE ISSUANCE OF SUCH BONDS, SHALL DEPOSIT IN
   26  SUCH DEBT SERVICE RESERVE FUND FROM THE PROCEEDS OF THE BONDS SO  TO  BE
   27  ISSUED,  OR OTHERWISE, AN AMOUNT WHICH, TOGETHER WITH THE AMOUNT THEN IN
   28  SUCH DEBT SERVICE RESERVE FUND, WILL BE NOT LESS THAN THE MAXIMUM AMOUNT
   29  OF PRINCIPAL AND INTEREST MATURING AND BECOMING DUE IN ANY SUCH SUCCEED-
   30  ING CALENDAR YEAR OR YEARS NOT EXCEEDING TWO SUCH  YEARS  ON  THE  BONDS
   31  THEN TO BE ISSUED AND ON ALL OTHER BONDS OF THE AUTHORITY THEN OUTSTAND-
   32  ING AND SECURED BY SUCH DEBT SERVICE RESERVE FUND.
   33    3.  IN  COMPUTING  THE AMOUNT OF ANY DEBT SERVICE RESERVE FUND FOR THE
   34  PURPOSES OF THIS SECTION, SECURITIES IN WHICH ALL OR A PORTION  OF  SUCH
   35  FUND  SHALL  BE INVESTED SHALL BE VALUED AT PAR, OR IF PURCHASED AT LESS
   36  THAN PAR, AT THEIR COST TO THE AUTHORITY.
   37    S 1349-N. AGREEMENT OF THE STATE. THE STATE DOES HEREBY PLEDGE TO  AND
   38  AGREE  WITH  THE  HOLDERS OF ANY NOTES OR BONDS ISSUED UNDER THIS TITLE,
   39  THAT THE STATE WILL NOT LIMIT OR ALTER THE RIGHTS HEREBY VESTED  IN  THE
   40  AUTHORITY  TO  FULFILL THE TERMS OF ANY AGREEMENTS MADE WITH THE HOLDERS
   41  THEREOF, OR IN ANY WAY IMPAIR THE RIGHTS AND REMEDIES  OF  SUCH  HOLDERS
   42  UNTIL  SUCH  NOTES  OR  BONDS,  TOGETHER WITH THE INTEREST THEREON, WITH
   43  INTEREST ON ANY UNPAID INSTALLMENTS  OF  INTEREST,  AND  ALL  COSTS  AND
   44  EXPENSES FOR WHICH THE AUTHORITY IS LIABLE IN CONNECTION WITH ANY ACTION
   45  OR  PROCEEDING  BY  OR  ON  BEHALF  OF  SUCH  HOLDERS, ARE FULLY MET AND
   46  DISCHARGED. THE AUTHORITY IS  AUTHORIZED  TO  INCLUDE  THIS  PLEDGE  AND
   47  AGREEMENT  OF  THE STATE IN ANY AGREEMENT WITH THE HOLDERS OF SUCH NOTES
   48  OR BONDS.
   49    S 1349-O. RIGHT OF STATE TO REQUIRE REDEMPTION OF BONDS. NOTWITHSTAND-
   50  ING AND IN ADDITION TO ANY PROVISIONS FOR THE REDEMPTION OF BONDS  WHICH
   51  MAY  BE  CONTAINED  IN  ANY  CONTRACT WITH THE HOLDERS OF THE BONDS, THE
   52  STATE MAY,  UPON  FURNISHING  SUFFICIENT  FUNDS  THEREFOR,  REQUIRE  THE
   53  AUTHORITY  TO  REDEEM, PRIOR TO MATURITY, AS A WHOLE, ANY ISSUE OF BONDS
   54  ON ANY INTEREST PAYMENT DATE NOT LESS THAN TWENTY YEARS AFTER  THE  DATE
   55  OF  THE BONDS OF SUCH ISSUE AT ONE HUNDRED FIVE PER CENTUM OF THEIR FACE
   56  VALUE AND ACCRUED INTEREST OR AT SUCH LOWER REDEMPTION PRICE AS  MAY  BE
       S. 3967                            19                            A. 5511
    1  PROVIDED  IN  THE  BONDS IN CASE OF THE REDEMPTION THEREOF AS A WHOLE ON
    2  THE REDEMPTION DATE. NOTICE OF SUCH REDEMPTION SHALL BE PUBLISHED IN  AT
    3  LEAST TWO NEWSPAPERS PUBLISHED AND CIRCULATING IN THE REGIONAL TRANSPOR-
    4  TATION  DISTRICT,  AT  LEAST TWICE, THE FIRST PUBLICATION TO BE AT LEAST
    5  THIRTY DAYS BEFORE THE DATE OF REDEMPTION.
    6    S 1349-P. REMEDIES OF NOTEHOLDERS AND BONDHOLDERS.  1.  IN  THE  EVENT
    7  THAT  THE  AUTHORITY  SHALL  DEFAULT  IN  THE PAYMENT OF PRINCIPAL OF OR
    8  INTEREST ON ANY ISSUE OF NOTES OR BONDS AFTER THE SAME SHALL BECOME DUE,
    9  WHETHER AT MATURITY OR UPON CALL FOR REDEMPTION, AND SUCH DEFAULT  SHALL
   10  CONTINUE FOR A PERIOD OF THIRTY DAYS, OR IN THE EVENT THAT THE AUTHORITY
   11  SHALL  FAIL  OR  REFUSE  TO  COMPLY WITH THE PROVISIONS OF THIS TITLE OR
   12  SHALL DEFAULT IN ANY AGREEMENT MADE WITH THE HOLDERS  OF  ANY  ISSUE  OF
   13  NOTES OR BONDS, THE HOLDERS OF TWENTY-FIVE PER CENTUM IN AGGREGATE PRIN-
   14  CIPAL  AMOUNT  OF  THE NOTES OR BONDS OF SUCH ISSUE THEN OUTSTANDING, BY
   15  INSTRUMENT OR INSTRUMENTS FILED IN THE OFFICE OF THE CLERK OF ANY COUNTY
   16  IN WHICH THE AUTHORITY OPERATES AND HAS AN OFFICE AND PROVED OR ACKNOWL-
   17  EDGED IN THE SAME MANNER AS A DEED TO BE RECORDED, MAY APPOINT A TRUSTEE
   18  TO REPRESENT THE HOLDERS  OF  SUCH  NOTES  OR  BONDS  FOR  THE  PURPOSES
   19  PROVIDED IN THIS SECTION.
   20    2.  SUCH TRUSTEE MAY, AND UPON WRITTEN REQUEST OF THE HOLDERS OF TWEN-
   21  TY-FIVE PER CENTUM IN PRINCIPAL AMOUNT  OF  SUCH  NOTES  OR  BONDS  THEN
   22  OUTSTANDING SHALL, IN HIS OR HER OR ITS OWN NAME:
   23    (A)  BY  SUIT, ACTION OR PROCEEDING IN ACCORDANCE WITH THE CIVIL PRAC-
   24  TICE LAW AND RULES, ENFORCE ALL RIGHTS OF THE NOTEHOLDERS  OR  BONDHOLD-
   25  ERS,  INCLUDING  THE  RIGHT  TO  REQUIRE THE AUTHORITY TO COLLECT FARES,
   26  TOLLS, RENTALS, RATES, CHARGES AND OTHER FEES ADEQUATE TO CARRY OUT  ANY
   27  AGREEMENT AS TO, OR PLEDGE OF, SUCH FARES, TOLLS, RENTALS, RATES, CHARG-
   28  ES  AND  OTHER  FEES AND TO REQUIRE THE AUTHORITY TO CARRY OUT ANY OTHER
   29  AGREEMENTS WITH THE HOLDERS OF SUCH NOTES OR BONDS AND  TO  PERFORM  ITS
   30  DUTIES UNDER THIS TITLE;
   31    (B) BRING SUIT UPON SUCH NOTES OR BONDS;
   32    (C)  BY ACTION OR SUIT, REQUIRE THE AUTHORITY TO ACCOUNT AS IF IT WERE
   33  THE TRUSTEE OF AN EXPRESS TRUST FOR THE HOLDERS OF SUCH NOTES OR BONDS;
   34    (D) BY ACTION OR SUIT, ENJOIN ANY ACTS OR THINGS WHICH MAY BE UNLAWFUL
   35  OR IN VIOLATION OF THE RIGHTS OF THE HOLDERS OF SUCH NOTES OR BONDS;
   36    (E) DECLARE ALL SUCH NOTES OR  BONDS  DUE  AND  PAYABLE,  AND  IF  ALL
   37  DEFAULTS  SHALL  BE  MADE GOOD, THEN, WITH THE CONSENT OF THE HOLDERS OF
   38  TWENTY-FIVE PER CENTUM OF THE PRINCIPAL AMOUNT OF SUCH  NOTES  OR  BONDS
   39  THEN OUTSTANDING, TO ANNUL SUCH DECLARATION AND ITS CONSEQUENCES.
   40    3.  SUCH  TRUSTEE  SHALL IN ADDITION TO THE FOREGOING HAVE AND POSSESS
   41  ALL OF THE POWERS NECESSARY OR APPROPRIATE FOR THE EXERCISE OF ANY FUNC-
   42  TIONS SPECIFICALLY SET FORTH IN THIS SECTION OR INCIDENT TO THE  GENERAL
   43  REPRESENTATION  OF  BONDHOLDERS  OR  NOTEHOLDERS  IN THE ENFORCEMENT AND
   44  PROTECTION OF THEIR RIGHTS.
   45    4. THE SUPREME COURT SHALL HAVE JURISDICTION OF ANY  SUIT,  ACTION  OR
   46  PROCEEDINGS BY THE TRUSTEE ON BEHALF OF SUCH NOTEHOLDERS OR BONDHOLDERS.
   47  THE  VENUE  OF  ANY SUCH SUIT, ACTION OR PROCEEDING SHALL BE LAID IN THE
   48  COUNTY IN WHICH THE INSTRUMENT OR INSTRUMENTS ARE  FILED  IN  ACCORDANCE
   49  WITH SUBDIVISION ONE OF THIS SECTION.
   50    5.  BEFORE  DECLARING THE PRINCIPAL OF NOTES OR BONDS DUE AND PAYABLE,
   51  THE TRUSTEE SHALL FIRST GIVE THIRTY DAYS NOTICE IN WRITING TO THE GOVER-
   52  NOR, TO THE AUTHORITY, TO THE COMPTROLLER AND TO THE ATTORNEY GENERAL OF
   53  THE STATE.
   54    S 1349-Q. NOTES AND BONDS AS LEGAL INVESTMENT. THE NOTES AND BONDS  OF
   55  THE  AUTHORITY  ARE  HEREBY MADE SECURITIES IN WHICH ALL PUBLIC OFFICERS
   56  AND BODIES OF THE STATE AND ALL MUNICIPALITIES  AND  POLITICAL  SUBDIVI-
       S. 3967                            20                            A. 5511
    1  SIONS, ALL INSURANCE COMPANIES AND ASSOCIATIONS AND OTHER PERSONS CARRY-
    2  ING  ON  AN  INSURANCE  BUSINESS,  ALL  BANKS, BANKERS, TRUST COMPANIES,
    3  SAVINGS BANKS AND SAVINGS ASSOCIATIONS, INCLUDING SAVINGS AND LOAN ASSO-
    4  CIATIONS, BUILDING AND LOAN ASSOCIATIONS, INVESTMENT COMPANIES AND OTHER
    5  PERSONS  CARRYING  ON A BANKING BUSINESS, ALL ADMINISTRATORS, GUARDIANS,
    6  EXECUTORS, TRUSTEES AND OTHER FIDUCIARIES, AND ALL OTHER PERSONS WHATSO-
    7  EVER WHO ARE NOW OR WHO MAY HEREAFTER BE AUTHORIZED TO INVEST  IN  BONDS
    8  OR OTHER OBLIGATIONS OF THE STATE, MAY PROPERLY AND LEGALLY INVEST FUNDS
    9  INCLUDING CAPITAL IN THEIR CONTROL OR BELONGING TO THEM. NOTWITHSTANDING
   10  ANY  OTHER PROVISIONS OF LAW, THE BONDS OF THE AUTHORITY ARE ALSO HEREBY
   11  MADE SECURITIES WHICH MAY BE DEPOSITED WITH AND SHALL BE RECEIVED BY ALL
   12  PUBLIC OFFICERS AND BODIES OF THIS  STATE  AND  ALL  MUNICIPALITIES  AND
   13  POLITICAL SUBDIVISIONS FOR ANY PURPOSE FOR WHICH THE DEPOSIT OF BONDS OR
   14  OTHER OBLIGATIONS OF THE STATE IS NOW OR MAY HEREAFTER BE AUTHORIZED.
   15    S  1349-R. EXEMPTION FROM TAXATION. IT IS HEREBY FOUND, DETERMINED AND
   16  DECLARED THAT THE CREATION OF THE AUTHORITY AND THE CARRYING OUT OF  ITS
   17  PURPOSES  IS  IN ALL RESPECTS FOR THE BENEFIT OF THE PEOPLE OF THE STATE
   18  OF NEW YORK AND FOR THE IMPROVEMENT OF THEIR HEALTH, WELFARE  AND  PROS-
   19  PERITY  AND IS A PUBLIC PURPOSE, AND THAT THE AUTHORITY WILL BE PERFORM-
   20  ING AN ESSENTIAL GOVERNMENTAL FUNCTION IN THE  EXERCISE  OF  THE  POWERS
   21  CONFERRED  UPON IT BY THIS TITLE. WITHOUT LIMITING THE GENERALITY OF THE
   22  FOLLOWING PROVISIONS OF THIS SECTION, PROPERTY OWNED  BY  THE  AUTHORITY
   23  AND  USED  FOR TRANSPORTATION PURPOSES, PROPERTY LEASED BY THE AUTHORITY
   24  AND USED FOR TRANSPORTATION PURPOSES, AND PROPERTY USED FOR  TRANSPORTA-
   25  TION  PURPOSES BY OR FOR THE BENEFIT OF THE AUTHORITY EXCLUSIVELY PURSU-
   26  ANT TO THE PROVISIONS OF A JOINT  SERVICE  ARRANGEMENT  OR  OF  A  JOINT
   27  FACILITIES  AGREEMENT  OR  TRACKAGE RIGHTS AGREEMENT SHALL ALL BE EXEMPT
   28  FROM TAXATION AND SPECIAL AD VALOREM  LEVIES.  THE  AUTHORITY  SHALL  BE
   29  REQUIRED  TO  PAY NO FEES, TAXES OR ASSESSMENTS, WHETHER STATE OR LOCAL,
   30  EXCEPT SPECIAL BENEFIT ASSESSMENTS IF SAID  PROPERTY  IS  LOCATED  IN  A
   31  SPECIAL  BENEFIT  DISTRICT,  INCLUDING BUT NOT LIMITED TO FEES, TAXES OR
   32  ASSESSMENTS ON REAL ESTATE, FRANCHISE TAXES, SALES TAXES OR OTHER EXCISE
   33  TAXES, UPON ANY OF ITS PROPERTY, OR UPON THE USES THEREOF, OR  UPON  ITS
   34  ACTIVITIES  IN THE OPERATION AND MAINTENANCE OF ITS FACILITIES OR ON ANY
   35  FARES, TOLLS, RENTALS, RATES, CHARGES OR OTHER FEES, REVENUES  OR  OTHER
   36  INCOME RECEIVED BY THE AUTHORITY AND ALL BONDS, NOTES AND OBLIGATIONS OF
   37  THE AUTHORITY AND THE INCOME THEREFROM SHALL AT ALL TIMES BE EXEMPT FROM
   38  TAXATION,  EXCEPT FOR GIFT AND ESTATE TAXES AND TAXES ON TRANSFERS. THIS
   39  SECTION SHALL CONSTITUTE A COVENANT AND AGREEMENT WITH  THE  HOLDERS  OF
   40  ALL  BONDS,  NOTES  AND  OBLIGATIONS  ISSUED BY THE AUTHORITY. THE TERMS
   41  "TAXATION" AND "SPECIAL AD VALOREM LEVY" SHALL HAVE THE SAME MEANINGS AS
   42  DEFINED IN SECTION ONE HUNDRED TWO OF THE REAL PROPERTY TAX LAW AND  THE
   43  TERM  "TRANSPORTATION  PURPOSES"  SHALL HAVE THE SAME MEANING AS USED IN
   44  TITLES TWO-A AND TWO-B OF ARTICLE FOUR OF SUCH LAW.
   45    S 1349-S. ACTIONS AGAINST THE AUTHORITY. 1.  AS  A  CONDITION  TO  THE
   46  CONSENT  OF  THE  STATE  TO  SUCH  SUITS AGAINST THE AUTHORITY, IN EVERY
   47  ACTION AGAINST THE AUTHORITY  FOR  DAMAGES,  FOR  INJURIES  TO  REAL  OR
   48  PERSONAL  PROPERTY OR FOR THE DESTRUCTION THEREOF, OR FOR PERSONAL INJU-
   49  RIES OR DEATH, THE COMPLAINT SHALL CONTAIN AN ALLEGATION THAT  AT  LEAST
   50  THIRTY  DAYS  HAVE  ELAPSED SINCE THE DEMAND, CLAIM OR CLAIMS UPON WHICH
   51  SUCH ACTION IS FOUNDED WERE PRESENTED TO A MEMBER OF  THE  AUTHORITY  OR
   52  OTHER  OFFICER  DESIGNATED  FOR  SUCH  PURPOSE  AND  THE  AUTHORITY  HAS
   53  NEGLECTED OR REFUSED TO MAKE AN ADJUSTMENT OR PAYMENT THEREOF.
   54    2. AN ACTION AGAINST THE AUTHORITY FOUNDED ON TORT, EXCEPT  AN  ACTION
   55  FOR  WRONGFUL DEATH, SHALL NOT BE COMMENCED MORE THAN ONE YEAR AFTER THE
   56  CAUSE OF ACTION THEREFOR SHALL HAVE ACCRUED,  NOR  UNLESS  A  NOTICE  OF
       S. 3967                            21                            A. 5511
    1  CLAIM SHALL HAVE BEEN SERVED ON THE AUTHORITY WITHIN THE TIME LIMITED BY
    2  AND  IN  COMPLIANCE  WITH ALL THE REQUIREMENTS OF SECTION FIFTY-E OF THE
    3  GENERAL MUNICIPAL LAW. AN ACTION  AGAINST  THE  AUTHORITY  FOR  WRONGFUL
    4  DEATH SHALL BE COMMENCED IN ACCORDANCE WITH THE NOTICE OF CLAIM AND TIME
    5  LIMITATION PROVISIONS OF TITLE ELEVEN OF ARTICLE NINE OF THIS CHAPTER.
    6    3.  THE  AUTHORITY  SHALL BE LIABLE, AND SHALL ASSUME THE LIABILITY TO
    7  THE EXTENT THAT IT SHALL SAVE HARMLESS ANY  DULY  APPOINTED  OFFICER  OR
    8  EMPLOYEE OF THE AUTHORITY, FOR THE NEGLIGENCE OF SUCH OFFICER OR EMPLOY-
    9  EE,  IN  THE  OPERATION OF A VEHICLE OR OTHER FACILITY OF TRANSPORTATION
   10  OWNED OR OTHERWISE UNDER THE JURISDICTION AND CONTROL OF  THE  AUTHORITY
   11  IN  THE DISCHARGE OF A DUTY IMPOSED UPON SUCH OFFICER OR EMPLOYEE AT THE
   12  TIME OF THE ACCIDENT, INJURY OR DAMAGES COMPLAINED OF,  WHILE  OTHERWISE
   13  ACTING  IN  THE PERFORMANCE OF HIS OR HER DUTIES AND WITHIN THE SCOPE OF
   14  HIS OR HER EMPLOYMENT.
   15    4. THE AUTHORITY MAY REQUIRE ANY PERSON, PRESENTING FOR SETTLEMENT  AN
   16  ACCOUNT  OR  CLAIM  FOR  ANY CAUSE WHATEVER AGAINST THE AUTHORITY, TO BE
   17  SWORN BEFORE A MEMBER, COUNSEL OR AN ATTORNEY, OFFICER  OR  EMPLOYEE  OF
   18  THE  AUTHORITY  DESIGNATED  FOR SUCH PURPOSE, CONCERNING SUCH ACCOUNT OR
   19  CLAIM AND WHEN SO SWORN TO ANSWER ORALLY AS TO  ANY  FACTS  RELATIVE  TO
   20  SUCH  ACCOUNT  OR  CLAIM.  THE  AUTHORITY  SHALL HAVE POWER TO SETTLE OR
   21  ADJUST ALL CLAIMS IN FAVOR OF OR AGAINST THE AUTHORITY.
   22    5. THE RATE OF INTEREST TO BE PAID BY THE AUTHORITY UPON ANY  JUDGMENT
   23  FOR WHICH IT IS LIABLE SHALL NOT EXCEED FOUR PER CENTUM PER ANNUM.
   24    6.  THE PROVISIONS OF THIS SECTION WHICH RELATE TO THE REQUIREMENT FOR
   25  SERVICE OF A NOTICE OF CLAIM SHALL NOT APPLY TO A SUBSIDIARY CORPORATION
   26  OF  THE AUTHORITY. IN ALL OTHER RESPECTS, EACH SUBSIDIARY CORPORATION OF
   27  THE AUTHORITY SHALL BE SUBJECT TO THE PROVISIONS OF THIS SECTION  AS  IF
   28  SUCH  SUBSIDIARY  CORPORATION  WERE  SEPARATELY  NAMED  IN THIS SECTION,
   29  PROVIDED, HOWEVER, THAT A SUBSIDIARY CORPORATION OF THE AUTHORITY  WHICH
   30  IS  A  STOCK  CORPORATION SHALL NOT BE SUBJECT TO THE PROVISIONS OF THIS
   31  SECTION EXCEPT WITH RESPECT TO THOSE CAUSES OF  ACTION  ARISING  ON  AND
   32  AFTER  THE  FIRST  OF THE TWELFTH CALENDAR MONTH FOLLOWING THAT CALENDAR
   33  MONTH IN WHICH SUCH STOCK CORPORATION BECOMES A  SUBSIDIARY  CORPORATION
   34  OF THE AUTHORITY.
   35    S  1349-T. AGREEMENTS RELATING TO PAYMENT IN LIEU OF TAXES. TO THE END
   36  THAT MUNICIPAL CORPORATIONS,  COUNTIES  AND  SCHOOL  DISTRICTS  MAY  NOT
   37  SUFFER UNDUE LOSS OF TAXES OR ASSESSMENTS:
   38    IF  THE  AUTHORITY  ACQUIRES  PROPERTY FOR NON-TRANSPORTATION PURPOSES
   39  (E.G. FOR FUTURE TRANSPORTATION PURPOSES BUT NOT TO  BE  SO  USED  IMME-
   40  DIATELY)  THE  AUTHORITY, EXCEPT AS PROVIDED IN THIS TITLE, SHALL PAY TO
   41  THE PARTICIPATING COUNTY AND/OR CITY, TOWN OR SCHOOL DISTRICT WHERE  THE
   42  PROPERTY  IS LOCATED, ANNUALLY, IN LIEU OF TAXES, A SUM EQUAL TO THE SUM
   43  LAST PAID AS TAXES UPON THE PROPERTY PRIOR TO THE TIME OF  ITS  ACQUISI-
   44  TION  BY  THE  AUTHORITY. SHOULD SUCH PROPERTY BE SUBSEQUENTLY DEVELOPED
   45  AND IMPROVED BUT STILL REMAIN UNUSED  FOR  TRANSPORTATION  PURPOSES,  IT
   46  SHALL  DURING  SUCH  PERIOD  OF  DISUSE FOR TRANSPORTATION BE SUBJECT TO
   47  ASSESSMENT, AT THE PREVAILING METHOD OF DETERMINING ASSESSMENTS, BY  THE
   48  COUNTY AND/OR CITY AND/OR SCHOOL DISTRICT AND THE AUTHORITY SHALL, BASED
   49  ON SUCH ASSESSMENT, ANNUALLY, IN LIEU OF TAXES, PAY TO THE COUNTY AND/OR
   50  CITY AND/OR SCHOOL DISTRICT AN AMOUNT FIXED BY IT.
   51    IF  THE  AUTHORITY  ACQUIRES  PROPERTY FOR TRANSPORTATION PURPOSES BUT
   52  SUBSEQUENTLY USES SUCH PROPERTY FOR  NON-TRANSPORTATION  PURPOSES,  THEN
   53  THE  AUTHORITY  SHALL  BE REQUIRED, EXCEPT AS PROVIDED IN THIS TITLE, TO
   54  PAY ANNUALLY IN LIEU OF TAXES TO THE PARTICIPATING  COUNTY  AND/OR  CITY
   55  AND/OR SCHOOL DISTRICT WHEREIN SUCH PROPERTY IS LOCATED, AN AMOUNT EQUAL
   56  TO  THE  SUM  WHICH  THE  SAID COUNTY AND/OR CITY AND/OR SCHOOL DISTRICT
       S. 3967                            22                            A. 5511
    1  WOULD ORDINARILY BE IMPOSED AS TAXES, PURSUANT TO THE PREVAILING  METHOD
    2  OF DETERMINING ASSESSMENTS.
    3    PROPERTIES  ACQUIRED  BY  THE AUTHORITY FOR TRANSPORTATION AND USED AS
    4  SUCH, SHALL NOT BE SUBJECT TO THE PAYMENT OF ANY TAXES EXCEPT  THAT  THE
    5  AUTHORITY  SHALL  PAY  SUCH  PROPERTY SPECIAL BENEFIT ASSESSMENTS ON THE
    6  PROPERTY IF IT IS LOCATED IN AN EXISTING SPECIAL BENEFIT DISTRICT.
    7    S 1349-U. INTEREST OF MEMBERS OR EMPLOYEES OF AUTHORITY  IN  CONTRACTS
    8  PROHIBITED.  IT  SHALL BE A MISDEMEANOR FOR A MEMBER OF THE AUTHORITY OR
    9  AN OFFICER, AGENT, SERVANT OR EMPLOYEE EMPLOYED BY OR APPOINTED  BY  THE
   10  AUTHORITY,  TO BE IN ANY WAY OR MANNER INTERESTED, DIRECTLY OR INDIRECT-
   11  LY, AS PRINCIPAL, SURETY OR OTHERWISE, IN A  CONTRACT,  THE  EXPENSE  OR
   12  CONSIDERATION WHEREOF IS PAYABLE OUT OF THE FUNDS OF THE AUTHORITY.
   13    S 1349-V. FISCAL YEAR. THE FISCAL YEAR OF THE AUTHORITY SHALL BEGIN ON
   14  THE FIRST DAY OF JANUARY.
   15    S  1349-W.  CONSENT BY THE STATE. THE COMMISSIONER OF GENERAL SERVICES
   16  SHALL HAVE POWER, IN HIS OR HER DISCRETION, FROM TIME TO TIME TO  TRANS-
   17  FER  AND  CONVEY TO THE AUTHORITY, OR TO ONE OR MORE PARTICIPATING COUN-
   18  TIES FOR THE USE OF THE AUTHORITY, AND FOR SUCH CONSIDERATION  AND  UPON
   19  SUCH  TERMS AND CONDITIONS AS MAY BE DETERMINED BY HIM OR HER TO BE PAID
   20  TO THE STATE, UNAPPROPRIATED STATE  LANDS,  ABANDONED  CANAL  LANDS  AND
   21  LANDS  UNDER  WATER WHICH THE AUTHORITY SHALL CERTIFY TO BE NECESSARY OR
   22  DESIRABLE FOR THE CORPORATE PURPOSES OF THE AUTHORITY.
   23    S 1349-X. SEPARABILITY. IF ANY PROVISION OF ANY SECTION OF THIS  TITLE
   24  OR  THE  APPLICATION  THEREOF  TO  ANY  PERSON  OR CIRCUMSTANCE SHALL BE
   25  ADJUDGED INVALID BY A COURT OF COMPETENT  JURISDICTION,  SUCH  ORDER  OR
   26  JUDGMENT  SHALL BE CONFINED IN ITS OPERATION TO THE CONTROVERSY IN WHICH
   27  IT WAS RENDERED, AND SHALL NOT AFFECT OR INVALIDATE THE REMAINDER OF ANY
   28  PROVISION OF ANY SECTION OF THIS TITLE OR THE APPLICATION  OF  ANY  PART
   29  THEREOF  TO  ANY  OTHER  PERSON  OR  CIRCUMSTANCE  AND  TO  THIS END THE
   30  PROVISIONS OF EACH SECTION OF THIS  TITLE  ARE  HEREBY  DECLARED  TO  BE
   31  SEVERABLE.
   32    S 1349-Y. EFFECT OF INCONSISTENT PROVISIONS. INSOFAR AS THE PROVISIONS
   33  OF  THIS  TITLE  ARE  INCONSISTENT WITH THE PROVISIONS OF ANY OTHER LAW,
   34  GENERAL, SPECIAL OR  LOCAL,  THE  PROVISIONS  OF  THIS  TITLE  SHALL  BE
   35  CONTROLLING.
   36    S  2. This act shall take effect on the first of January next succeed-
   37  ing the date on which it shall have become a law.
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