AN ACT to amend the state finance law, in relation to the creation of a debt management board, using surplus moneys to reduce outstanding state funded debt, and limiting the amount of state funded debt that may be incurred, and the public authorities law, in relation to defining and listing public authorities, limiting the debt of public authorities, the approval by the comptroller of the terms and conditions of bonds or notes issued by public authorities, the powers and duties of the public authorities control board, and the issuance of bonds and notes of the New York state thruway authority

 

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. Article 5-B of the state finance law is repealed and a new article 5-B is added to read as follows:

ARTICLE 5-B

DEBT MANAGEMENT BOARD

AND

 

LIMITATIONS ON STATE-FUNDED DEBT

 

Sec.

§ 67-a.  Definitions.

§ 67-b.  Use of surplus moneys to reduce outstanding state funded debt. 

§ 67-c.  New York state debt management board; creation; procedure.

§ 67-d.  Powers and duties of the New York state debt management board.

§ 67-e.  Comptroller's duties with respect to board.

§ 67-f.  Limitations on the issuance of state funded debt.

§ 67-a.  Definitions.  As used in this article and article 5-C the following terms shall have the meanings set forth below:

1. “Board” shall mean the New York state debt management board created by section 67-c of this article.

2. “State debt” shall mean all bonds and bond anticipation notes issued by the state comptroller pursuant to article 5 of this chapter.

3. “State backed debt” shall mean any debt or obligation, other than state debt, that is supported in whole or in part by any financing arrangement whereby the state agrees or has in the past agreed, whether by law, contract, or otherwise, to make payments which will be used, directly or indirectly, for the payment of principal, interest, or related payments on indebtedness incurred or contracted by the state itself for any purpose, or by any state agency, municipality, individual, public authority, public or private corporation or any other entity for state capital or operating purposes or to finance grants, loans or other assistance payments made or to be made by or on behalf of the state for any purpose.  If the state agrees to make future revenues from a specific state source available for the purpose of supporting debt of any municipality, individual, public authority, public or private corporation or any other entity, such debt shall be considered to be a debt for the purpose of financing a state grant, loan or other assistance payment and shall be a “state backed debt” for the purposes of this article.   The term “state backed debt” applies to all debt or obligations described in this subdivision for which the state agrees, or has in the past agreed, to make payments (i) whether or not the obligation of the state to make payments is subject to appropriation or is otherwise contingent, or (ii) whether or not debt service is to be paid from a revenue stream transferred by the state to another party that is responsible for making such payments.    

4. “State funded debt” shall mean the combined total of all state debt, as defined in subdivision 2 of this section, and all state backed debt, as defined in subdivision 3 of this section, except short term debt incurred in accordance with section 9 of article 7 of the constitution, emergency debt incurred in accordance with section 10 of article 7 of the constitution, and refunding debt incurred in accordance with section 13 of article 7 of the constitution.

5. “Total personal income of the state” shall mean the most recently published estimated dollar amount determined as total personal income of the state of New York by the United States department of commerce or any successor agency for the four most recent successive calendar quarters for which information is available prior to October 31st of each year.  Subsequent revisions of the published estimated dollar amount for such calendar quarters shall not affect the validity of the determination made by the board for any fiscal year.

6.  “Capital purpose” shall mean any project involving:

            (i) the acquisition, construction, demolition, or replacement of a fixed asset;

(ii) the major repair or renovation of a fixed asset, which materially extends its useful life or materially improves or increases its capacity;

(iii) the planning or design of the acquisition, construction, demolition, replacement, major repair or renovation of a fixed asset, including the preparation and review of plans and specifications including engineering and other services, field surveys and sub-surface investigations incidental thereto; or

(iv) the costs of issuing debt obligations to finance a capital purpose.

7.  “Conduit debt obligation” shall mean a debt obligation issued by a public authority (the “conduit issuer”) on behalf of a third party (the “conduit borrower”) other than the state or a political subdivision of the state, where payment of the obligation is to be made from funds of the conduit borrower, the security for the obligation is the credit of the conduit borrower and no funds of the conduit issuer, the state or a political subdivision of the state are pledged to secure the obligation, whether or not the obligation of the conduit issuer, the state or political subdivision of the state is subject to appropriation or is otherwise contingent.

8.  “Cash surplus” shall mean the amount by which general fund receipts in a fiscal year exceed general fund expenditures in such fiscal year.

§ 67-b.  Use of surplus moneys to reduce outstanding state funded debt.  At the close of each fiscal year, a portion of any cash surplus remaining in the general fund after the transfer pursuant to section 92 of the state finance law shall be transferred to the debt reduction reserve fund established by section 97-rrr of this chapter.  The portion to be transferred shall be equal to the projected ratio of total debt service disbursements for the fiscal year to total governmental funds disbursements for state agency operations for the fiscal year. 

§ 67-c.  New York state debt management board; creation; procedure

1. The New York state debt management board is hereby created to have and exercise the powers, duties and prerogatives provided by the provisions of this article and any other provision of law.

2. The membership of the board shall consist of three persons, including the governor, the comptroller and a third person who shall be jointly selected by the governor and the comptroller.  The term of office for the members of the board shall be the same as the terms of office of the governor and the comptroller.  If the third member of the board resigns, becomes incapacitated, is jointly removed by the governor and the comptroller, or is otherwise unable to serve, the governor and the comptroller shall jointly select a successor to serve the remainder of the unexpired term.  The governor shall be the chairperson.  The board shall act by majority of all of the members of the board, except that changing the debt affordability level previously established by the board shall require unanimous approval by all the members of the board.  Any action by the board shall be evidenced by a certification thereof signed by a majority of all the members, except that all members shall sign a certification of any action requiring unanimous approval.  Each member of the board shall be entitled to designate a representative to attend meetings of the board in his or her place, and to vote or otherwise act on his or her behalf in his or her absence.  Notice of such designation shall be furnished in writing to the board by the designating member.  A representative shall serve at the pleasure of the designating member during the member's term of office.  A representative shall not be authorized to delegate any of his or her duties or powers to any other person.

3.  The third person jointly selected by the governor and the comptroller to be a member of the debt management board shall be a financial expert with experience in public finance, economics, academics, or government.  

4.  All the members of the board and their representatives shall be entitled to reimbursement for actual and necessary expenses incurred in the performance of official duties pursuant to this section or other provision of law.

5.  The board shall meet semi-annually or more frequently at the call of the chairperson.  Meetings of the board shall be subject to the open meetings law, article 7 of the public officers law.

§ 67-d.  Powers and duties of the New York state debt management board.

1.  The board shall have the power and the duty to (i) annually determine the total debt limit of the state by calculating the dollar amount equivalent to 5% of the total personal income of the state, as defined in section 67-a of this article, and (ii) annually prescribe a debt affordability level no higher than the total debt limit of the state.

2.  On or before October 31st of each year, the board shall determine the total debt limit of the state for the next fiscal year, and report the limit to the temporary president of the senate, the speaker of the assembly, the chairperson and ranking minority member of the senate finance committee, and the chairperson and ranking minority member of the assembly ways and means committee.  On or before the same date, the board shall issue a public announcement of such limit.

3.  On or before October 31st of each year, the board shall prescribe the debt affordability level of the state for the next fiscal year, and report the level to the temporary president of the senate, the speaker of the assembly, the chairperson and ranking minority member of the senate finance committee, and the chairperson and ranking minority member of the assembly ways and means committee.  On or before the same date, the board shall issue a public announcement of such level.  Within the limitation established by the total debt limit of the state, the debt affordability level of the state shall be based upon the board’s evaluation of the total amount of additional debt that may be incurred and the total debt service obligations and related payments that may be undertaken by the state without overburdening present or future generations, taking into account the current and expected revenues and expenses of the state, the current and expected trends affecting the economy of the state, and such other factors as the board deems relevant.  In addition to the debt affordability level of the state for the next fiscal year, the board’s report to the legislature and announcement to the public shall include the board’s forecast of the debt affordability levels expected for the two succeeding fiscal years.  Following the board’s establishment of a debt affordability level of the state for a fiscal year, there shall be no change in such level (other than a debt affordability level forecast for a fiscal year after the next fiscal year) except with the unanimous approval of the members of the board.

4. The board shall have the power and it shall be its duty to make recommendations to the governor and the legislature of policies to govern the issuance of all state funded debt and other capital financing matters.

5. The board shall adopt policy standards relating to the issuance of all state funded debt and for capital financing.  Such standards shall require the unanimous approval of all three members of the board, and shall cover, among other items, the following:

a.  structures for state funded debt, such as rate of amortization of principal, the use of premiums, and capitalization of interest on state funded debt;

b.  criteria for refunding outstanding state funded debt, including, but not limited to, such matters as extension of the term of outstanding debt, present value savings and distribution of actual savings;

c.  the use of credit enhancements, derivative instruments and variable or fixed rate debt obligations with respect to state funded debt;

d.  goals for the proportion of state capital spending to be financed with debt and the proportion to be financed with current appropriations;

e.  the method of sale, such as competitive or negotiated, of state funded debt obligations;

f.  criteria to be used in selecting state funded debt obligations to be retired or defeased by the use of the portion of any cash surplus, determined pursuant to section 67-b of this article, that shall be dedicated to the exclusive purpose of reducing the aggregate amount of outstanding state funded debt obligations;      

g. the definition of non-recurring revenues which shall be used for  the funding of capital projects which have been authorized by law to be financed through the issuance of state funded debt or for the purpose of retiring or defeasing bonds or notes previously issued.

h.  such other policy matters relating to the issuance of state funded debt as the board may determine to be appropriate; and

i.  policy standards to be followed by Class A and Class B public authorities, as defined in section 2 of the public authorities law, in relation to the issuance by such public authorities of debt obligations other than conduit debt obligations.  In the discretion of the comptroller, such policy standards may be applied by the comptroller in the exercise of his or her constitutional authority to supervise the accounts of Class A, Class B, Class C or Class D public authorities, as defined in section 2 of the public authorities law, and political subdivisions.

The board shall annually review the policy standards and adopt such changes or additions as it deems advisable on or before the anniversary date of its original standards.

§ 67-e.  Comptroller's duties with respect to board.

The comptroller shall collect and analyze data with respect to outstanding state funded debt, and, at least annually, on or before the 150th day following the end of the state fiscal year, report to the board, the governor, the temporary president and the minority leader of the senate, and the speaker and minority leader of the assembly on the condition of state funded debt.  Such report shall include, but not be limited to, the amount of state funded debt outstanding, the different issuers and categories of such debt, and any differences in credit ratings among categories and issues.      

§ 67-f.  Limitations on state funded debt and state debt service payments.

1.  No additional state funded debt shall be incurred after April 1, 2014 if the total principal amount of such additional debt, together with the total principal amount of state funded debt already outstanding and the total principal amount of state funded debt already authorized but not yet incurred, is equal to or greater than the total debt limit of the state as determined by the board pursuant to section 67-d of this article.    

2.   With the exception of short term debt incurred in accordance with section 9 of article 7 of the constitution, emergency debt incurred in accordance with section 10 of article 7 of the constitution, and refunding debt, no state funded debt shall be incurred except to finance a capital purpose.

3.  a.  All debt subject to the provisions of this section (i) shall, except for refunding debt, be incurred only for a capital purpose authorized by law, and (ii) shall,  if incurred on or after the first day of the first fiscal year beginning at least one year after the effective date of an amendment adding subdivision 6 to section 11 of article 7 of the constitution, be in the form of obligations issued by the comptroller. 

b.  On or after April 1, 2009, no debt obligation subject to the provisions of this section shall be issued unless the comptroller determines that such issuance is within the debt affordability level for that fiscal year established by the debt management board pursuant to section 67-d of this article.  On or after April 1, 2014, no such debt obligation shall be issued unless the comptroller determines that such issuance is within (i) the limit on state debt and (ii) the debt affordability level established by the debt management board pursuant to section 67-d of this article.

4.  No state funded debt shall be incurred in the form of an obligation with a final maturity exceeding the probable life of the capital project financed by such debt, as specified in section 61 of this chapter.  Notwithstanding any other provision of law to the contrary, no state funded debt shall be incurred in the form of an obligation with a final maturity of more than thirty years.

5.  During each fiscal year beginning on or after the effective date of this section, up to and including any fiscal year ending in 2015, no new state funded debt shall be incurred in an aggregate principal amount exceeding 95 percent of the aggregate principal amount of new state funded debt incurred in the preceding fiscal year.

6.  No state funded debt outstanding on the effective date of this subdivision shall be refunded unless (i) such refunding is conducted in all respects as if section 13 of article 7 of the constitution applied, and (ii) any such refunding obligations issued on or after the first day of the first fiscal year beginning at least one year after the effective date of an amendment to section 11 of article 7 of the constitution imposing a limit on the total amount of state debt, are issued by the comptroller.  Such outstanding debt obligations and the debt service expenses, direct or indirect, required for such obligations shall be included in the determination of the debt limit and the debt affordability level pursuant to section 63-d of this article.

7.  Debt obligations issued to refund outstanding state funded debt, regardless of whether such outstanding debt was incurred prior to the effective date of this subdivision, shall not be counted for the purposes of the debt limit and the debt affordability level determined pursuant to section 63-d of this article if such refunding is conducted in all respects as if section 13 of article 7 of the constitution applied.  Debt service expenses on debt that has been refunded in accordance with section 13 of article 7 of the constitution shall be excluded from the debt affordability level to the extent that such debt service expenses are to be paid from an escrow fund established with proceeds of the refunding debt, but debt service expenses on the refunding debt shall be included except to the extent that such debt service expenses are to be paid from such an escrow fund.  For the purposes of this subdivision and subdivisions 6 and 8 of this section, any refunding debt that does not extend beyond the final maturity of the debt being refunded shall be deemed to be in compliance with the provisions of subdivision 6 of section 13 of article 7 of the constitution made applicable by this subdivision if there is an actual debt service savings in every year to maturity as a result of the issuance of the refunding debt.

8.  After the effective date of this section the state shall not, except as specifically authorized by a provision of the constitution other than section 11 of article 7, agree to make payments, directly or indirectly, whether or not subject to appropriation, that are to be available to pay debt service on any debt incurred by a municipality, individual, public authority, public or private corporation or any other entity, for any purpose, if such payments are expected to be used to pay debt service only if other sources available for the payment of debt service are inadequate.  Outstanding debt that would be prohibited by this subdivision if such debt had been incurred after the effective date of this subdivision may be refunded by the entity that incurred the outstanding debt provided that all provisions of subdivisions 6 and 7 of this section are complied with except the requirement that such refunding debt obligations be issued by the comptroller, and refunding debt service expenses shall only be included in debt affordability determinations if debt service expenses on the debt being refunded would have been included.

§ 2.  Subdivision 2 of section 68-a of the state finance law is amended to read as follows:

2.  “Authorized purpose” for purposes of this article and section ninety-two-z of this chapter shall mean any [purposes] purpose for which [state-supported] state funded debt, as defined by section sixty-seven-a of this chapter, may be or has been issued except debt for which the state is constitutionally obligated thereunder to pay debt service and related expenses, and except (a) as authorized in paragraph (b) of subdivision one of section three hundred eighty-five of the public authorities law, (b) as authorized for the department of health of the state of New York facilities as specified in paragraph a of subdivision two of section sixteen hundred eighty of the public authorities law, (c) state university of New York dormitory facilities as specified in subdivision eight of section sixteen hundred seventy-eight of the public authorities law, and (d) as authorized for mental health services facilities by section nine-a of section one of chapter three hundred ninety-two of the laws of nineteen hundred seventy-three constituting the New York State medical care facilities financing act.

§ 3.  Subdivision 6 of section 68-c of the state finance law is amended and a new subdivision 7 is added to read as follows:

6.  Any resolution or other agreement authorizing revenue bonds under this article shall reserve the right of the state, upon amendment of section 11 of article 7 of the New York state constitution allowing the issuance or assumption of bonds, notes or other obligations secured by revenues, which may include the revenues securing revenue bonds of authorized issuers (a) to assume, in whole or in part, revenue bonds of the authorized issuers, (b) to extinguish the existing lien of such resolution, or other agreement and (c) to substitute security for the revenue bonds of the authorized issuers, in each case only so long as such assumption is done in accordance with such resolution or other agreement and such constitutional amendment

7.  On and after the first day of the first fiscal year beginning at least one year after the effective date of an amendment of section 11 of article 7 of the constitution imposing a limit on the total amount of state debt, no revenue bonds shall be issued.  

§ 4.  Section 97-rrr of the state finance law, as amended by chapter 56 of the laws of 2000, is amended to read as follows:

§   97-rrr.  Debt reduction reserve fund.  1.  There is hereby established in the joint custody of the comptroller and the commissioner of taxation and finance a fund to be known as the debt reduction reserve fund.  [Such fund shall be established as a capital projects fund.]

2.  Such fund shall consist of all monies credited or transferred thereto from the general fund or from any other fund or sources pursuant to law.

3.  The monies in such fund, following appropriation by the legislature and allocation by the director of the budget, shall be available [for the following purposes:

(a) for the payment of principal, interest, and related expenses on general obligation bonds , lease purchase payments, or special contractual obligation payments, or] only for the [purposes] purpose of retiring or defeasing bonds or notes previously issued, including  any accrued interest thereon, for any [state-supported bonding program or programs, and;] state funded debt. [(b) for the funding of capital projects, equipment acquisitions, or similar expenses which have been authorized by law to be financed through the issuance of bonds, notes, or other obligations.] § 5.  Section 24 of the state finance law is amended by adding a new subdivision 4 to read as follows: 4.  The budget bills shall include an appropriation of the available balance from the debt reduction reserve fund created by section 97-rrr of this chapter to be used exclusively for the purpose of retiring or defeasing state funded debt obligations in accordance with the criteria established by the debt management board.  

§ 6.  The public authorities law is amended by adding a new section 2 to read as follows:

§ 2.  Definitions.  Notwithstanding any other law to the contrary, for the purposes of this chapter, and sections 1-c, 1-e, 1-h, 1-j and 1-k of the legislative law, the following terms shall have the following meanings: 

1. “Affiliate” or “affiliated with” shall mean a corporate body or company having substantially the same ownership or control as another corporate body.

2.  “Subsidiary” shall mean a corporate body or company (i) having more than half of its voting shares owned or held by a public authority, or (ii) with a majority of its directors, trustees or members as designees of a public authority. 

3. “Other debt obligations” shall mean bond, note, or similar obligations, but shall not include payment obligations such as those stemming from (i) contractual liabilities unrelated to bond, note or similar obligations (such as payments on contracts to provide operations, maintenance, goods or services), or (ii) judgments from a court or administrative tribunal of competent jurisdiction unrelated to bond, note or similar obligations (such as payments on a judgment related to a tort claim).

4. “Public authority” shall mean (i) any public authority, public benefit corporation, or commission created by or existing under this chapter or any other law; (ii) a public authority or a public benefit corporation, at least one of whose members is appointed by the governor or who serves as a member by virtue of holding a civil office of the state; (iii) a not-for-profit corporation affiliated with, sponsored by, or created by a state agency; (iv) a not-for-profit corporation created by or existing under article 2 of the racing, pari-mutuel wagering and breeding law and operating under an exclusive franchise granted by the state; (v) a local industrial development agency or other local public benefit corporation; or (vi) a subsidiary or affiliate of such a public authority.  

a.  Class A.  Among such public authorities, the following, including any and all affiliates or subsidiaries, shall be designated, for the purposes of this chapter, as being “Class A” public authorities.  In addition to the following entities, (i) any public authority not listed or defined as a Class B, Class C or Class D public authority which was created prior to the effective date of this section and which has one or more members appointed by the governor or serving as a member by virtue of holding a civil office of the state, and (ii)  unless otherwise designated by the legislature, any public authority created on or after the effective date of this section with one or more members appointed by the governor or serving as a member by virtue of holding a civil office of the state, shall be “Class A” public authorities:

1.  Agriculture and New York state horse breeding development fund, created by or existing under section 330 of the racing, pari-mutuel wagering and breeding law.

2.  Battery park city authority, created by or existing under section 1973 of the public authorities law. 

3.  Capital district transportation authority, created by or existing under section 1303 of the public authorities law, together with all affiliates or subsidiaries of such public authority, including but not limited to, the following:

a.  Access transit services, incorporated.

b.  Capital district transit system, incorporated.

c.  Capital district transit system, number 1, incorporated.

d.  Capital district transit system, number 2, incorporated.

e.  Capital district transportation authority facilities, incorporated.

4.  Central New York regional transportation authority, created by or existing under section 1328 of the public authorities law, together with all affiliates or subsidiaries of such public authority, including but not limited to, the following:

a.  Central New York centro, incorporated.

b.  Centro call-a-bus, incorporated.

c.  Centro of Cayuga, incorporated.

d.  Centro of Oswego, incorporated.

e.  Centro parking, incorporated.

f.  Designated recipient services, incorporated.

g.  Intermodal transportation center, incorporated.

5.  Community facilities project guarantee fund, created by or existing under section 14 of chapter 1013 of the laws of 1969.

6.  Dormitory authority of the state of New York, created by or existing under section 1677 of the public authorities law, together with all affiliates or subsidiaries of such public authority, including but not limited to, the following:

a.  Facilities development corporation.

b.  New York state medical care facilities finance agency.

7.  New York state environmental facilities corporation, created by or existing under section 1282 of the public authorities law.

8.  Executive mansion trust, created by or existing under section 54.05 of the arts and cultural affairs law.

9.  Hudson River-Black River regulating district, created by or existing under section 15-2137 of the environmental conservation law.

10.  Industrial exhibit authority, created by or existing under section 1651 of the public authorities law.

11.  Long Island power authority, created by or existing under section 1020-c of the public authorities law, together with all affiliates or subsidiaries of such public authority, including but not limited to, the following:

            a.  Long Island lighting company.

12.  Metropolitan transportation authority, created by or existing under section 1263 of the public authorities law, together with all affiliates or subsidiaries of such public authority, including but not limited to, the following:

a.  Excess loss trust fund.

b.  First mutual transportation assurance company.

c.  MTA capital construction company.

d.  MTA capital program review board.

e.  MTA office of the inspector general.  

f.  Long Island rail road company.

g. Metro-North commuter rail road company.

h.  Metropolitan suburban bus authority.

i.  New York city transit authority, created by or existing under section 1201 of the public authorities law, and the Manhattan and Bronx surface transit operating authority created by and existing under section 1203-a of the public authorities law.

j.  Staten Island rapid transit operating authority.

k.  Triborough bridge and tunnel authority, created by or existing under section 552 of the public authorities law.

13.  Nelson A. Rockefeller Empire State Plaza performing arts center corporation, created by or existing under section 3 of chapter 688 of the laws of 1979.

14.  Natural Heritage Trust, created by or existing under section 55.05 of the arts and cultural affairs law.

15.  New York convention center operating corporation, created by or existing under section 2562 of the public authorities law.

16.  Niagara Frontier transportation authority, created by or existing under section 1299-c of the public authorities law, together with all affiliates or subsidiaries of such public authority, including but not limited to, the following:

a.  Niagara frontier transit metro systems, incorporated.

17.  New York state bridge authority, created by or existing under section 527 of the public authorities law.

18.  New York state energy research and development authority, created by or existing under section 1852 of the public authorities law.

19.  New York state housing finance agency, created by or existing under section 43 of the private housing finance law, together with all affiliates or subsidiaries of such public authority, including but not limited to, the following:

a.  Housing trust fund corporation, created by or existing under section 45-a of the private housing finance law.

b.  New York state affordable housing corporation, created by or existing under section 45-b of the private housing finance law.

c.  Homeless housing and assistance corporation, created by or existing under section 45-c of the private housing finance law. 

20.  New York job development authority, created by or existing under section 1802 of the public authorities law, together with all affiliates or subsidiaries of such public authority, including but not limited to, the following:

a.  New York liberty development corporation.

21.  New York local government assistance corporation, created by or existing under section 3233 of the public authorities law.

22.  New York state Olympic regional development authority, created by or existing under section 2608 of the public authorities law.

23.  New York state project finance agency, created by or existing under section 2 of chapter 7 of the laws of 1975.

24.  New York state theatre institute corporation, created by or existing under section 9.05 of the arts and cultural affairs law.

25.  New York state thoroughbred breeding and development fund corporation, created by or existing under section 245 of the racing, pari-mutuel wagering and breeding law.

26.  New York state thoroughbred racing capital investment fund, created by or existing under section 253 of the racing, pari-mutuel wagering and breeding law.

27.  New York state thruway authority, created by or existing under section 352 of the public authorities law, together with all affiliates or subsidiaries of such public authority, including but not limited to, the following:

a.  New York state canal corporation, created by or existing under section 382 of the public authorities law.

28.  Power authority of the state of New York, created by or existing under section 1002 of the public authorities law.

29.  Rochester-Genesee regional transportation authority, created by or existing under section 1299-dd of the public authorities law, together with all affiliates or subsidiaries of such public authority, including but not limited to, the following:

a.  Batavia bus service, incorporated.

b.  Genesee transportation service council staff, incorporated.

c.  Lift line, incorporated.

d.  Livingston area transportation service, incorporated.

e.  Orleans area transit system, incorporated.

f.  Regional transit services, incorporated.

g.  Renaissance square corporation.

h.  RGRTA maritime development corporation.

i.  Seneca transport systems, incorproated.

j.  Wayne area transportation service, incorporated.

k.  Wyoming transportation service, incorporated.

30.  Roosevelt island operating corporation, created by or existing under section 3 of chapter 899 of the laws of 1984.

31.  Roswell park cancer institute corporation, created by or existing under section 3553 of the public authorities law.

32.  State of New York mortgage agency, created by or existing under section 2403 of the public authorities law.

33.  State of New York municipal bond bank agency, created by or existing under section 2433 of the public authorities law, together with all affiliates or subsidiaries of such public authority, including but not limited to, the following:

           a. Tobacco settlement financing corporation.

34.  State university construction fund, created by or existing under section 371 of the education law.

35.  United Nations development corporation, created by or existing under section 4 of chapter 345 of the laws of 1968.

36.  New York state urban development corporation, created by or existing under section 4 of the New York state urban development corporation act, as added by section 1 of chapter 174 of the laws of 1968, together with all affiliates or subsidiaries of such public authority, including but not limited to, the following:

a.  125th street mart, incorporated.

b.  260-262 west 125th street corporation.

c.  42nd street development corporation.

d.  900 Woolworth redevelopment corporation.

e.  Apollo theatre redevelopment corporation.

f.  Apple walk houses, incorporated.

g.  Archive preservation corporation.

h.  Audubon development corporation.

i.  Aurelius Cayuga development corporation.

j.  Beach redevelopment corporation.

k.  Blue sky redevelopment corporation.

l.  Borinquen plaza housing company, incorporated.

m.  Broadway east townhouses, incorporated.

n.  Brooklyn bridge park development corporation.

o.  Buffalo waterfront phase III houses.

p.  Carlken manor houses, incorporated.

q.  Cathedral parkway houses, incorporated.

r.  Cherry hill houses, incorporated.

s.  City-state development corporation.

t.  Clifeen springs houses.

u.  Deposit industrial redevelopment corporation.

v.  Downhill local development corporation.

w.  Eagle bridge – Thomson redevelopment corporation.

x.  Empire state community development corporation.

y.  Erie county stadium corporation.

z.  Excelsior capital corporation.

aa.  FDA headquarters, incorporated.

bb.  Fordham commercial redevelopment corporation.

cc.  Friendly homes houses.

dd.  Governor’s island preservation and education corporation.

ee.  Governor’s island redevelopment corporation.

ff.  Grote street houses, incorporated.

gg.  Harlem Canaan house, incorporated.

hh.  Harlem community development corporation.

ii.  Harriman research and technology development corporation.

jj.  High technology incubators, incorporated.

kk.  Highland canalview houses, incorporated.

ll.  Horizons waterfront commission, incorporated.

mm.  HUDC 323 street Nicholas realty corporation.

nn.  Hudson river park conservancy, incorporated.

oo.  Jespersin-Rochester houses.

pp.  Kennedy square houses, incorporated.

qq.  Lower Manhattan development corporation.

rr.  Mermaid development corporation.

ss.  Metrocenter development corporation.

tt.  Mount Morris west development corporation.

uu.  Moynihan station development corporation.

vv.  New York convention center development corporation.

ww.  New York empowerment zone corporation.

xx.  New York harbor preservation and development corporation.

yy.  New York state mortgage loan enforcement corporation.

zz.  Niagara Falls development corporation.

aaa.  Overcoat development corporation.

bbb.  Pennsylvania station redevelopment corporation.

ccc.  Queens west development corporation.

ddd.  Rainbow center development corporation.

eee.  REBRAF development corporation.

fff.  Rochester-Goodman street, incorporated.

ggg.  Rockland manor houses, incorporated.

hhh.  Roosevelt island development corporation.

iii.  Sea park east houses.

jjj.  Sea park west houses, incorporated.

kkk.  Seaport redevelopment corporation.

lll.  South Fallsburg houses, incorporated.

mmm.  Southeast loop phase IIA houses, incorporated.

nnn.  Saint Paul’s upper falls housing company, incorporated.

ooo.  Statewide local development corporation.

ppp.  Times Square hotel, incorporated.

qqq.  Times Square subway improvement corporation.

rrr.  UDC special development corporation.

sss.  UDC/ALBEE Square redevelopment corporation.

ttt.  UDC/Aurora development corporation.

uuu.  UDC/Buffalo avenue redevelopment corporation.

vvv.  UDC Clinton square development corporation.

www.  UDC/commercial center, incorporated.

xxx.  UDC/Commodore redevelopment corporation.

yyy.  UDC DeWitt development corporation.

zzz.  UDC general development I, incorporated.

aaaa.  UDC general development II, incorporated.

bbbb.  UDC/Greater Rochester, incorporated.

cccc.  UDC/Hanover, incorporated.

dddd.  UDC/Harlem development corporation.

eeee.  UDC/Harlem, incorporated.

ffff.  UDC/Love Canal, incorporated.

gggg.  UDC – Niagara, incorporated.

hhhh.  UDC non-profit houses, incorporated.

iiii.  UDC – outer loop development corporation.

jjjj. UDC/Saint George, incorporated.

kkkk.  UDC – stadium, incorporated.

llll. UDC/Ten Eyck development corporation I.

mmmm.  UDC/Ten Eyck development corporation II.

nnnn.  UDC/Ten Eyck development corporation III.

oooo.  UDC – Utica redevelopment corporation.

pppp.  Unity park houses, incorporated.

qqqq.  Unity park II (Niagara Park) corporation.

rrrr.  Upaca town houses, incorporated.

ssss.  Upper lake redevelopment corporation.

tttt.  USA Niagara development corporation.

uuuu.  Village manor houses, incorporated.

vvvv.  West 45th street industrial condominiums, incorporated.

wwww.  West avenue redevelopment corporation.

xxxx.  World trade center memorial foundation, inc.

yyyy.  World university games corporation.

zzzz.  Wright manor (phase I) corporation.

aaaaa.  Wright manor (phase II) corporation.

bbbbb.  Wright park houses, incorporated.

ccccc.  Wright park phase II, incorporated.

37.  New York state sports authority, created by or existing under section 2463 of the public authorities law.

b.  Class B.  Among such public authorities, the following, including any and all affiliates or subsidiaries, shall be designated, for the purposes of this chapter, as being “Class B” public authorities:

1.  Aging research, incorporated.

2.  Albany port district commission, created by or existing under section 1 of chapter 192 of the laws of 1925.

3.  Buffalo fiscal stability authority, created by or existing under section 3852 of the public authorities law.

4.  Charitable asset foundation, created by or existing under subsection k of section 7317 of the insurance law.

5.  City university construction fund, created by or existing under section 6272 of the education law.

6.  CUNY auxiliary service corporations, including, but not limited to, the following:

a.  Bernard M. Baruch college auxiliary enterprises corporation.

b.  Borough of Manhattan community college auxiliary enterprises corporation.

c.  Bronx community college auxiliary enterprises corporation.

d.  Brooklyn college auxiliary enterprises corporation.

e.  John Jay college of criminal justice auxiliary services corporation, incorporated.

f. Kingsborough community college auxiliary enterpirses corporation.

g.  Fiorello H. LaGuardia community college auxiliary enterprises corporation.

h.  Lehman college auxiliary enterprises corporation.

i.  Medgar Evers college auxiliary enterprises corporation.

j.  The city college auxiliary enterprises corporation. 

k. Hostos community college auxiliary enterprises corporation.

l.  Auxiliary enterprise board of Hunter college.

m.  Auxiliary enterprise board of New York city college of technology, incorporated.

n.  Queens college auxiliary enterprise association.

o.  Queensborough community college auxiliary enterprise association, incorporated.

p.  The college of Staten Island auxiliary services corporation, incorporated.

q.  York college auxiliary enterprises corporation.

7.  Development authority of the north country, created by or existing under section 2703 of the public authorities law.

8.  Erie county medical center corporation, created by or existing under section 3628 of the public authorities law.

9.  Hudson river park trust, created by or existing under section 5 of chapter 592 of the laws of 1998.

10.  Health research, incorporated.

11.  Life insurance guaranty corporation, created by or existing under section 7503 of the insurance law.

12.  Municipal assistance corporation for the city of New York, created by or existing under section 3033 of the public authorities law.

13.  Municipal assistance corporation for the city of Troy, created by or existing under section 3053 of the public authorities law.

14.  Nassau county interim finance authority, created by or existing under section 3652 of the public authorities law.

15.  Nassau health care corporation, created by or existing under section 3402 of the public authorities law.

16.  New York racing association, created by or existing under section 202 of the racing, pari-mutuel wagering and breeding law.

17.  New York state archives partnership trust board, created by or existing under section 4 of the New York state archives partnership trust act, as added by section 1 of chapter 758 of the laws of 1992.

18.  New York wine/grape foundation, created by or existing under section 2 of chapter 80 of the laws of 1985.

19. Ogdensburg bridge and port authority, created by or existing under section 725 of the public authorities law.

20.  Port of Oswego authority, created by or existing under section 1353 of the public authorities law.

21.  Research foundation for mental hygiene.

22.  Research foundation of the city university of New York.

23.  Research foundation of the state university of New York.

24.  SUNY auxiliary service corporations, including, but not limited to, the following:

                                                                a.  University auxiliary services at Albany, incorporated.

b.  Auxiliary campus enterprises and services – Alfred.

c.  Brockport auxiliary services corporation.

d.  Faculty student association – university at Buffalo.

e.  Faculty student association – Buffalo state.

f.  College association – Canton.

g.  Faculty student association – Cobleskill.

h.   Auxiliary services corporation – Cortland.

i.  College association at Delhi, incorporated.

j.  Faculty student association – health science center at Brooklyn.

k. Auxiliary services corporation – Farmingdale.

l.  Faculty student association, incorporated – Fredonia.

m.  Campus auxiliary services, incorporated – Geneseo.

n.  Morrisville auxiliary corporation.

o.  Campus auxiliary services – New Paltz.

p.  Organization of ancillary services – Oneonta.

q.  College auxiliary services – Plattsburgh.

r.  Potsdam auxiliary and college educational services, incorporated.

s.  Purchase college association.

t.  Faculty student association – Stony Brook.

u.  Auxiliary services corporation – health science center at Syracuse.

25.  Welfare research, incorporated.

26.  Westchester county health care corporation, created by or existing under section 3303 of the public authorities law.

c.  Class C.  Among such public authorities, any public authority that is a local public authority, a local public benefit corporation, a local industrial development agency, or any other public authority that is not listed or defined in this subdivision as a Class A, Class B, or Class D public authority shall be a “Class C” public authority.  Class C shall include, but not be limited to, the following public authorities, including any and all affiliates or subsidiaries.  On or after the effective date of this section, the following entities and any local public authority with no members appointed by the governor and no person serving as a member by virtue of holding a civil office of the state shall be “Class C” public authorities:

1.  Albany community development agency, created by or existing under section 623 of the general municipal law.

2.  Albany housing authority, created by or existing under section 426 of the public housing law.

3.  Albany, City of, industrial development agency, created by or existing under section 903-a of the general municipal law.

4.  Albany convention center authority, created by or existing under section 2675-d of the public authorities law.

5.  Albany county industrial development agency, created by or existing under section 903-b of the general municipal law.

6.  Albany county airport authority, created by or existing under section 2779 of the public authorities law.

7.  Albany light, heat, and power authority, created by or existing under section 1026 of the public authorities law.

8.  Albany municipal water finance authority, created by or existing under section 1115-b of the public authorities law.

9.  Albany parking authority, created by or existing under section 1493-c of the public authorities law.

10.  Albany Pine Bush preserve commission, created by or existing under section 46-0105 of the environmental conservation law.

11.  Albany water board, created by or existing under section 1118 of the public authorities law.

12.  Albion, Town of, housing authority, created by or existing under section 498 of the public housing law.

13.  Alexandria Bay, Village of, housing authority, created by or existing under section 543 of the public housing law.

14.  Alfred, Almond, Hornellsville sewer authority, created by or existing under section 1147-c of the public authorities law.

15.  Allegany, Town of, housing authority, created by or existing under section 572 of the public housing law.

16.  Allegany county industrial development agency, created by or existing under section 906-a of the general municipal law.

17.  American museum of natural history planetarium authority, created by or existing under section 59.05 of the arts and cultural affairs law.

18.  Amherst, Town of, industrial development agency, created by or existing under section 914-a of the general municipal law, as added by section 1 of chapter 579 of the laws of 1973.

19.  Amsterdam housing authority, created by or existing under section 428 of the public housing law.

20.  Amsterdam, City of, industrial development agency, created by or existing under section 890-i of the general municipal law.

21.  Amsterdam parking authority, created by or existing under section 1402 of the public authorities law.

22.  Auburn housing authority, created by or existing under section 436 of the public housing law.

23.  Auburn industrial development authority, created by or existing under section 2304 of the public authorities law.

24.  Babylon, Town of, industrial development agency, created by or existing under section 907-a of the general municipal law.

25.  Batavia, City of, housing authority, created by or existing under section 481 of the public housing law.

26.  Bath, Village of, housing authority, created by or existing under section 540 of the public housing law.

27.   Beacon community development agency, created by or existing under section 575-a of the general municipal law.

28.  Beacon, City of, housing authority, created by or existing under section 477 of the public housing law.

29.  Beacon, City of, industrial development agency, created by or existing under section 907-b of the general municipal law.

30.  Bethlehem, Town of, industrial development agency, created by or existing under section 909-b of the general municipal law.

31.  Binghamton housing authority, created by or existing under section 425 of the public housing law.

32.  Binghamton, City of, parking authority, created by or existing under section 1599-c of the public authorities law, as added by section 1 of chapter 903 of the laws of 1969.

33.  Binghamton urban renewal agency, created by or existing under section 572 of the general municipal law.

34.  Boonville, Village of, housing authority, created by or existing under section 507 of the public housing law.

35.  Brookhaven, Town of, industrial development agency, created by or existing under section 892 of the general municipal law, as added by section 1 of chapter 358 of the laws of 1970 and amended by chapter 393 of the laws of 1980.

36.  Brookhaven, Town of, resource recovery agency, created by or existing under section 2051-c of the public authorities law, as added by section 1 of chapter 667 of the laws of 1988.

37.  Broome county resource recovery agency, created by or existing under section 2047-c of the public authorities law, as added by section 1 of chapter 930 of the laws of 1983.

38.  Broome county sports center authority, created by or existing under section 2053 of the public authorities law.

39.  Broome county industrial development agency, created by or existing under section 895-a of the general municipal law.

40.  Buffalo municipal housing authority, created by or existing under section 404 of the public housing law.

41.  Buffalo municipal water finance authority, created by or existing under section 1048-c of the public authorities law.

42.  Buffalo sewer authority, created by or existing under section 1177 of the public authorities law.

43.  Buffalo, City of, urban renewal agency, created by or existing under section 639 of the general municipal law.

44.  Cambria, Town of, housing authority, created by or existing under section 562 of the public housing law.

45.  Camillus, Town of, housing authority, created by or existing under section 564 of the public housing law.

46.  Canajoharie housing authority for the village of Canajoharie, created by or existing under section 537 of the public housing law.

47.  Canandaigua housing authority, created by or existing under section 465 of the public housing law.

48.  Canastota, Village of, housing authority, created by or existing under section 548 of the public housing law, as added by section 1 of  chapter 212 of the laws of 1978.

49.  Canton, Village of, housing authority, created by or existing under section 520 of the public housing law.

50.  Capital district regional off-track betting corporation.

51.  Catskill, Village of, housing authority, created by or existing under section 460 of the public housing law.

52.  Catskill regional off-track betting corporation.

53.  Cattaraugus, County of, industrial development agency, created by or existing under section 890-b of the general municipal law.

54.  Cayuga county water and sewer authority, created by or existing under section 1199-dddd of the public authorities law.

55.  Cayuga county industrial development agency, created by or existing under section 892 of the general municipal law, as added by section 1 of chapter 688 of the laws of 1970.

56.  Center authority of Glens Falls, created by or existing under section 1932 of the public authorities law.

57.  Central New York regional market authority, created by or existing under section 826 of the public authorities law.

58.  Champlain, Town of, industrial development agency, created by or existing under section 926-p of the general municipal law.

59.  Chautauqua, County of, industrial development agency, created by or existing under section 895-h of the general municipal law.

60. Chautauqua, Cattaraugus, Allegany and Steuben southern tier extension railroad authority, created by or existing under section 2642-c of the public authorities law.

61.  Chautauqua, County of, sports, recreation and cultural authority, created by or existing under section 2680-c of the public authorities law.

62.  Cheektowaga housing authority, created by or existing under section 420 of the public housing law.

63.  Chemung county industrial development agency, created by or existing under section 896 of the general municipal law.

64.  Chenango, County of, industrial development agency, created by or existing under section 914-a of the general municipal law, as added by section 1 of chapter 580 of the laws of 1973.

65.  Chittenango, Village of, housing authority, created by or existing under section 532 of the public housing law, as added by chapter 327 of the laws of 1971.

66.  Clarence, Town of, Erie county, industrial development agency, created by or existing under section 901-a of the general municipal law.

67.  Clayton, Village of, housing authority, created by or existing under section 509-a of the public housing law.

68.  Clifton Park industrial development agency, created by or existing under section 925-p of the general municipal law, as added by section 1 of chapter 630 of the laws of  1980.

69.  Clifton Park water authority, created by or existing under section 1120-c of the public authorities law.

70.  Clifton-Fine health care corporation, created by or existing under section 3603 of the public authorities law.

71.  Clinton, County of, industrial development agency, created by or existing under section 895-f of the general municipal law.

72.  Cohoes, City of, parking authority, created by or existing under section 1599-c of the public authorities law, as added by chapter 249 of the laws of 1969.

73.  Cohoes housing authority, created by or existing under section 448 of the public housing law.

74.  Cohoes, City of, industrial development agency, created by or existing under section 896-a of the general municipal law.

75.  Cohoes, City of, urban renewal agency, created by or existing under section 663 of the general municipal law.

76.  Colonie, Town of, industrial development agency, created by or existing under section 911-d of the general municipal law.

77.  Columbia county industrial development agency, created by or existing under section 895-l of the general municipal law.

78.  Concord, Town of, industrial development agency, created by or existing under section 925-t of the general municipal law.

79.  Corinth, Town of, industrial development agency, created by or existing under section 892-g of the general municipal law, as added by section 1 of chapter 120 of the laws of 1977.

80.  Corning housing authority, created by or existing under section 427 of the public housing law.

81.  Corning, City of, urban renewal agency, created by or existing under section 647 of the general municipal law.

82.  Cortland housing authority, created by or existing under section 447 of the public housing law.

83.  Cortland county industrial development agency, created by or existing under section 902 of the general municipal law.

84.  Coxsackie, Village of, housing authority, created by or existing under section 494 of the public housing law.

85.  DeKalb, Town of, housing authority, created by or existing under section 538 of the public housing law.

86.  Delaware, County of, industrial development agency, created by or existing under section 908 of the general municipal law.

87.  Dolgeville, Village of, housing authority, created by or existing under section 541 of the public housing law.

88.  Dunkirk, City of, housing authority, created by or existing under section 483 of the public housing law.

89.  Dutchess county industrial development agency, created by or existing under section 925 of the general municipal law, as added by section 1 of chapter 335 of the laws of 1977.

90.  Dutchess county resource recovery agency, created by or existing under section 2047-c of the public authorities law, as added by chapter 675 of the laws of 1982.

91.  Dutchess county water and wastewater authority, created by or existing under section 1123 of the public authorities law, as added by chapter 592 of the laws of 1991.

92.  East Hampton housing authority, created by or existing under section 563 of the public housing law.

93.  East Rochester, Village of, housing authority, created by or existing under section 516 of the public housing law.

94.  East Syracuse, Village of, housing authority, created by or existing under section 548 of the public housing law, as added by section 1 of chapter 26 of the laws of 1978.

95.  Eastern Rensselaer county solid waste management authority, created by or existing under section 2050-cc of the public authorities law.

96.  Edwards, Town of, housing authority, created by or existing under section 550 of the public housing law, as added by section 1 of chapter 312 of the laws of 1978.

97.  Elbridge, Village of, housing authority, created by or existing under section 574 of the public housing law.

98.  Elizabethtown housing authority, created by or existing under section 527 of the public housing law.

99.  Ellenville, Village of, housing authority, created by or existing under section 510 of the public housing law.

100.  Elmira Heights housing authority, created by or existing under section 518 of the public housing law.

101.  Elmira Heights, Village of, urban renewal agency, created by or existing under section 659 of the general municipal law.

102.  Elmira housing authority, created by or existing under section 413 of the public housing law.

103.  Elmira, City of, parking authority, created by or existing under section 1452 of the public authorities law.

104.  Elmira urban renewal agency, created by or existing under section 629 of the general municipal law.

105.  Endicott parking authority, created by or existing under section 1552 of the public authorities law, as added by section 1 of chapter 671 of the laws of 1958.

106.  Erie county industrial development agency, created by or existing under section 891-a of the general municipal law.

107.  Erie county water authority, created by or existing under section 1053 of the public authorities law.

108.  Erwin, Town of, housing authority, created by or existing under section 509-d of the public housing law, as added by section 1 of chapter 857 of the laws of 1973.

109.  Erwin, Town of, industrial development agency, created by or existing under section 897 of the general municipal law.

110.  Erwin, Town of, urban renewal agency, created by or existing under section 655 of the general municipal law.

111.  Essex county industrial development agency, created by or existing under section 914-a of the general municipal law, as added by section 1 of chapter 563 of the laws of 1973.

112.  Essex, County of, solid waste management authority, created by or existing under section 2051-c of the public authorities law, as added by section 1 of chapter 670 of the laws of 1988.

113.  Fairport, Village of, industrial development agency, created by or existing under section 910-b of the general municipal law.

114.  Fairport, Village of, urban renewal agency, created by or existing under section 625 of the general municipal law.

115.  Fallsburg, Town of, housing authority, created by or existing under section 492 of the public housing law.

116.  Fiscal year 2005 securitization corporation.

117.  Fort Edward housing authority, created by or existing under section 424 of the public housing law.

118.  Fowler, Town of, housing authority, created by or existing under section 558 of the public housing law.

119.  Frankfort, Village of, housing authority, created by or existing under section 556 of the public housing law.

120.  Franklin, County of, industrial development agency, created by or existing under section 909 of the general municipal law.

121.  Franklin, County of, solid waste management authority, created by or existing under section 2051-c, as added by section 1 of chapter 665 of the laws of 1988.

122.  Fredonia housing authority, created by or existing under section 534 of the public housing law.

123.  Freeport community development agency, created by or eisitng under section 620 of the general municipal law.

124.  Freeport housing authority, created by or existing under section 408 of the public housing law.

125.  Fulton, City of, community development agency, created by or existing under section 627 of the general municipal law.

126.  Fulton housing authority, created by or existing under section 430 of the public housing law.

127.  Fulton county industrial development agency, created by or existing under section 895-c of the general municipal law.

128.  Fulton parking authority, created by or existing under section 1527 of the public authorities law.

129.  Genesee county industrial development agency, created by or existing under section 895-e of the general municipal law.

130.  Genesee valley regional market authority, created by or existing under section 878 of the public authorities law.

131.  Geneseo, Village of, urban renewal agency, created by or existing under section 643 of the general municipal law.

132.  Geneva housing authority, created by or existing under section 464 of the public housing law.

133.  Geneva, City of, industrial development agency, created by or existing under section 927-a of the general municipal law, as added by section 1 of chapter 552 of the laws of 1981.

134.  Glen Cove community development agency, created by or existing under section 580-a of the general municipal law.

135.  Glen Cove housing authority, created by or existing under section 444 of the public housing law.

136.  Glen Clove industrial development agency, created by or existing under section 919 of the general municipal law.

137.  Glens Falls, City of, housing authority, created by or existing under section 486 of the public housing law.

138.  Glens Falls, City of, industrial development agency, created by or existing under section 923-b of the general municipal law.

139.  Glens Falls urban renewal agency, created by or existing under section 619 of the general municipal law.

140.  Glenville, Town of, housing authority, created by or existing under section 575 of the public housing law.

141.  Gloversville community development agency, created by or existing under section 589 of the general municipal law.

142.  Gloversville housing authority, created by or existing under section 476 of the public housing law.

143.  Goshen, Town of, housing authority, created by or existing under section 568 of the public housing law, as added by section 1 of chapter 607 of the laws of 1990.

144.  Goshen, Village of, housing authority, created by or existing under section 462 of the public housing law.

145.  Gouverneur, Village of, housing authority, created by or existing under section 497 of the public housing law, as added by section 1 of chapter 476 of the laws of 1968.

146.  Great Neck, Village of, housing authority, created by or existing under section 555 of the public housing law, as added by section 1 of chapter 125 of the laws of 1980.

147.  Great Neck North, Water Authority of, created by or existing under section 1197-d of the public authorities law.

148.  Greater Rochester sports authority, created by or existing under section 2578 of the public authorities law.

149.  Greater Troy area solid waste management authority, created by or existing under section 2052-c of the public authorities law, as added by chapter 391 of the laws of 1992.

150.  Green Island, Village of, housing authority, created by or existing under section 504 of the public housing law.

151.  Green Island, Village of, industrial development agency, created by or existing under section 925-m of the general municipal law.

152.  Green Island power authority, created by or existing under section 1020-c of the public authorities law, as added by chapter 807 of the laws of 1986.

153.  Greenburgh housing authority, created by or existing under section 457 of the public housing law.

154.  Greene county industrial development agency, created by or existing under section 895-j of the general municipal law.

155.  Greenport, Village of, housing authority, created by or existing under section 488 of the public housing law.

156.  Groton, Village of, housing authority, created by or existing under section 519 of the public housing law.

157.  Groton, Village of, industrial development agency, created by or existing under section 926-i of the general municipal law.

158.  Guilderland, Town of, industrial development agency, created by or existing under section 909-a of the general municipal law.

159.  Hamburg, Town of, industrial development agency, created by or existing under section 925-v of the general municipal law.

160.  Hamilton county industrial development agency, created by or existing under section 926-r of the general municipal law.

161.  Harrietstown, Town of, housing authority, created by or existing under section 496 of the public housing law.

162.  Harrison parking authority, created by or existing under section 1570-b of the public authorities law.

163.  Hempstead, Town of, housing authority, created by or existing under section 479 of the public housing law.

164.  Hempstead housing authority of the village of Hempstead, created by or existing under section 409 of the public housing law.

165.  Hempstead, Town of, industrial development agency, created by or existing under section 905 of the general municipal law.

166.  Hempstead, Incorporated Village of, community development agency, created by or existing under section 585-a of the general municipal law.

167.  Herkimer housing authority, created by or existing under section 443 of the public housing law.

168.  Herkimer county industrial development agency, created by or existing under section 898 of the general municipal law.

169.  Hermon, Town of, housing authority, created by or existing under section 539 of the public housing law.

170.  Heuvelton, Village of, housing authority, created by or existing under section 526 of the public housing law.

171.  Historic Rome development authority, created by or existing under section 1903of the public authorities law.

172.  Hoosick, Town of, housing authority, created by or existing under section 533 of the public housing law, as added by section 1 of chapter 522 of the laws of 1971.

173.  Hornell, City of, housing authority, created by or existing under section 490 of the public housing law.

174.  Hornell, City of, industrial development agency, created by or existing under section 920 of the general municipal law.

175.  Horseheads, Village of, housing authority, created by or existing under section 553 of the public housing law.

176.  Hudson, City of, community development and planning agency, created by or existing under section 640 of the general municipal law.

177.  Hudson, City of, housing authority, created by or existing under section 484 of the public housing law.

178.  Hudson, City of, industrial development agency, created by or existing under section 902-b of the general municipal law.

179.  Hudson parking authority, created by or existing under section 1425-c of the public authorities law.

180.  Hudson-Mohawk urban cultural park commission, created by or existing under section 2632 of the public authorities law.

181.  Hudson yards infrastructure corporation.

182.  Huntington, Town of, housing authority, created by or existing under section 472 of the public housing law.

183.  Ilion, Village of, housing authority, created by or existing under section 482 of the public housing law.

184.  Island Park, Village of, housing authority, created by or existing under section 530 of the public housing law.

185.  Islip, Town of, community development agency, created by or existing under section 633 of the general municipal law.

186.  Islip, Town of, housing authority, created by or existing under section 524 of the public housing law.

187.  Islip, Town of, industrial development agency, created by or existing under section 898-b of the general municipal law.

188.  Islip resource recovery agency, created by or existing under section 2046-c of the public authorities law.

189.  Ithaca housing authority, created by or existing under section 429 of the public housing law.

190.  Ithaca urban renewal agency, created by or existing under section 608 of the general municipal law.

191.  Jamestown housing authority, created by or existing under section 441 of the public housing law.

192.  Jamestown parking authority, created by or existing under section 1599-ccc of the public authorities law, as added by section 1 of chapter 353 of the laws of 1971.

193.  Jamestown urban renewal agency, created by or existing under section 634 of the general municipal law.

194.  Jefferson county industrial development agency, created by or existing under section 892-e of the general municipal law.

195.  Johnson city housing authority, created by or existing under section 433 of the public housing law.

196.  Johnson city parking authority, created by or existing under section 1421-b of the public authorities law.

197.  Jordan, Village of, housing authority, created by or existing under section 567 of the public housing law, as added by section 1 of chapter 464 of the laws of 1989.

198.  Kaser, Village of, housing authority, created by or existing under section 568 of the public housing law, as added by section 1 of chapter 693 of the laws of 1990.

199.  Kenmore, Village of, housing authority, created by or existing under section 525 of the public housing law.

200.  Kingston housing authority, created by or existing under section 434 of the public housing law.

201.  Kiryas, Village of, Joel housing authority, created by or existing under section 549 of the public housing law.

202.  Lackawanna municipal housing authority, created by or existing under subdivision 2 of section 3 of the public housing law.

203.  Lake Placid housing authority, created by or existing under section 514 of the public housing law.

204.  Lancaster, Village of, housing authority, created by or existing under section 544 of the public housing law.

205.  Lancaster, Town of, industrial development agency, created by or existing under section 898-a of the general municipal law.

206.  Lansing, Town of, housing authority, created by or existing under section 547 of the public housing law.

207.  Le Roy, Village of, housing authority, created by or existing under section 509-d of the public housing law, as added by section 1 of chapter 686 of the laws of 1973.

208.  Lewis, County of, industrial development agency, created by or existing under section 902-a of the general municipal law.

209.  Liberty, Village of, housing authority, created by or existing under section 503 of the public housing law.

210.  Lisbon, Town of, housing authority, created by or existing under section 565 of the public housing law.

211.  Little Falls housing authority, created by or existing under section 446 of the public housing law.

212.  Little Falls urban renewal agency, created by or existing under section 575 of the general municipal law.

213.  Liverpool, Village of, housing authority, created by or existing under section 567 of the public housing law, as added by section 1of chapter 699 of the laws of 1989.

214.  Livingston county industrial development agency, created by or existing under section 895-k of the general municipal law.

215.  Livingston county water and sewer authority, created by or existing under section 1199-cccc of the public authorities law, as added by section 1 of chapter 411 of the laws of 1995.

216.  Lockport, City of, housing authority, created by or existing under section 502 of the public housing law.

217.  Lockport, Town of, industrial development agency, created by or existing under section 928 of the general municipal law.

218.  Long Beach housing authority, created by or existing under section 432 of the public housing law.

219.  Long Beach, City of, parking authority, created by or existing under section 1599-cccc of the public authorities law.

220.  Long Island job development authority, created by or existing under section 1840-b of the public authorities law.

221.  Long Island regional ashfill board, created by or existing under section 3 of chapter 359 of the laws of 1985.

222.  Long Island market authority, created by or existing under section 902 of the public authorities law.

223.  Lowville, Village of, housing authority, created by or existing under section 509 of the public housing law.

224.  Lynbrook, Village of, housing authority, created by or existing under section 517 of the public housing law.

225.  Madison county industrial development agency, created by or existing under section 893 of the general municipal law.

226.  Malone, Town of, county of Franklin industrial development agency, created by or existing under general municipal law section 892-d.

227.  Malone, Village of, housing authority, created by or existing under section 493 of the public housing law.

228.  Mamaroneck, Town of, housing authority, created by or existing under section 569 of the public housing law, as added by section 1 of chapter 303 of the laws of 1992.

229.  Mamaroneck housing authority for the village of Mamaroneck, created by or existing under section 467 of the public housing law.

230.  Marion, Town of, housing authority, created by or existing under section 561 of the public housing law.

231.  Massena housing authority, created by or existing under section 435 of the public housing law.

232.  Mechanicville housing authority, created by or existing under section 439 of the public housing law.

233.  Mechanicville, City of, and town of Stillwater industrial development agency, created by or existing under section 925-k of the general municipal law.

234.  Medina, Village of, housing authority, created by or existing under section 529 of the public housing law.

235.  Middletown housing authority, created by or existing under section 461 of the public housing law.

236.  Middletown, City of, industrial development agency, created by or existing under section 926-d of the general municipal law.

237.  Middletown parking authority, created by or existing under section 1621-c of the public authorities law.

238.  Monroe county airport authority, created by or existing under section 2753 of the public authorities law.

239.  Monroe county water authority, created by or existing under section 1095 of the public authorities law.

240.  Monroe, County of, industrial development agency, created by or existing under section 916 of the general municipal law.

241.  Monroe regional parking authority, created by or existing under section 1420-d of the public authorities law.

242.  Montgomery, Town of, industrial development agency, created by or existing under section 911-c of the general municipal law.

243.  Montgomery county industrial development agency, created by or existing under section 895-d of the general municipal law.

244.  Montgomery, Otsego, Schoharie solid waste management authority, created by or existing under section 2041-b of the public authorities law.

245.  Monticello, Village of, housing authority, created by or existing under section 470 of the public housing law.

246.  Montour Falls, Village of, housing authority, created by or existing under section 531 of the public housing law.

247.  Mount Kisco parking authority, created by or existing under section 1599-ccc of the public authorities law, as added by section 1 of chapter 276 of the laws of 1971.

248.  Mount Kisco housing authority, created by or existing under section 458-a of the public housing law.

249.  Mount Pleasant, Town of, industrial development agency, created by or existing under section 927 of the general municipal law, as added by section 1 of chapter 632 of the laws of 1980.

250.  Mount Vernon housing authority, created by or existing under section 419 of the public housing law.

251.  Mount Vernon, City of, industrial development agency, created by or existing under section 902-c of the general municipal law.252.  Mount Vernon urban renewal agency, created by or existing under section 598 of the general municipal law.

253.  Multi-town solid waste management authority, created by or existing under section 2040-c of the public authorities law.

254.  Nassau county industrial development agency, created by or existing under section 922 of the general municipal law, as added by section 1 of chapter 474 of the laws of 1988.

255.  Nassau county bridge authority, created by or existing under section 653 of the public authorities law.

256.  Nassau county sewer and storm water finance authority, created by or existing under section 1232-c of the public authorities law.

257.  Nassau regional off-track betting corporation.

258.  New Rochelle municipal housing authority, created by or existing under section 407 of the public housing law.

259.  New Rochelle, City of, parking authority, created by or existing under section 1597-c of the public authorities law.

260.  New Rochelle, City of, industrial development agency, created by or existing under section 908-b of the general municipal law.

261.  New Square, Village of, housing authority, created by or existing under section 555 of the public housing law, as added by section 1 of chapter 124 of the laws of 1980.

262.  New York city economic development corporation.

263.  New York city educational construction fund, created by or existing under section 453 of the education law.

264.  New York city health and hospitals corporation, created by or existing under section 4 of the New York city health and hospitals corporation act, as added by section 1 of chapter 1016 of the laws of 1969.

265.  New York city housing authority, created by or existing under section 401 of the public housing law.

266.  New York city housing development corporation, created by or existing under section 653 of the private housing finance law.

267.  New York City industrial development agency, created by or existing under section 917 of the general municipal law, as added by section 1 of chapter 1082 of the laws of 1974.

268.  New York city municipal water finance authority, created by or existing under section 1045-c of the public authorities law.

269.  New York city off-track betting corporation.

270.  New York city school construction authority, created by or existing under section 1727 of the public authorities law.

271.  New York city sports authority, created by or existing under section 2503 of the public authorities law.

272.  New York city transitional finance authority, created by or existing under section 2799-cc of the public authorities law.

273.  New York city water board, created by or existing under section 1046 of the public authorities law.

274.  Newark housing authority, created by or existing under section 511 of the public housing law.

275.  Newburgh community development agency, created by or existing under section 601 of the general municipal law.

276.  Newburgh housing authority, created by or existing under section 453 of the public housing law.

277.  Newburgh, City of, industrial development agency, created by or existing under section 913 of the general municipal law, as added by section 1 of chapter 577 of the laws of 1982.

278.  Niagara housing authority, created by or existing under section 449 of the public housing law.

279.  Niagara county industrial development agency, created by or existing under section 916-a of the general municipal law.

280.  Niagara Falls housing authority, created by or existing under section 415 of the public housing law.

281.  Niagara Falls parking authority, created by or existing under section 1599-b of the public authorities law, as added by section 1 of chapter 934 of the laws of 1969.

282.  Niagara Falls public water authority, created by or existing under section 1230-c of the public authorities law.

283.  Niagara Falls water board, created by or existing under section 1231-b of the public authorities law.

284.  Niagara, Town of,  industrial development agency, created by or existing under section 926-o of the general municipal law.

285.  Norfolk, Town of, housing authority, created by or existing under section 532 of the public housing law, as added by section 1 of chapter 521 of the laws of 1971.

286.  North Elba, Town of, housing authority, created by or existing under section 513 of the public housing law.

287.  North Greenbush, Town of, industrial development agency, created by or existing under section 927-a of the general municipal law, as added by section 1 of chapter 526 of the laws of 1981.

288.  North Hempstead housing authority, created by or existing under section 417 of the public housing law.

289.  North Hempstead, Town of, community development agency, created by or existing under section 654 of the general municipal law, as added by section 1 of chapter 447 of the laws of 1967.

290. North Hempstead, Town of, solid waste management authority, created by or existing under section 2049-c of the public authorities law.

291.  North Syracuse, Village of, housing authority, created by or existing under section 535 of the public housing law, as added by section 1 of chapter 701 of the laws of 1972.

292.  North Tarrytown housing authority, created by or existing under section 452 of the public housing law.

293.  North Tonawanda housing authority, created by or existing under section 411 of the public housing law.

294.  North Tonawanda, City of, parking authority, created by or existing under section 1603 of the public authorities law.

295.  Norwich, City of, housing authority, created by or existing under section 487 of the public housing law.

296.  Nyack, Village of, housing authority, created by or existing under section 469 of the public housing law.

297.  Nyack, Village of, parking authority, created by or existing under section 1622-c of the public authorities law.

298.  Ogdensburg housing authority, created by or existing under section 440 of the public housing law.

299.  Olean urban renewal agency, created by or existing under section 628 of the general municipal law.

300.  Olean, City of, housing authority, created by or existing under section 523 of the public housing law.

301.  Oneida, City of, housing authority, created by or existing under section 505 of the public housing law, as added by section 1 of chapter 593 of the laws of 1968.

302.  Oneida, City of, industrial development agency, created by or existing under section 904-b of the general municipal law.

303.  Oneida county industrial development agency, created by or existing under section 901 of the general municipal law.

304.  Oneida county sports facility authority, created by or existing under section 2052-c of the public authorities law, as added by chapter 683 of the laws of 1992.

305.  Oneida-Herkimer solid waste management authority, created by or existing under section 2049-cc of the public authorities law.

306.  Oneonta, City of, housing authority, created by or existing under section 500 of the public housing law.

307.  Onondaga county industrial development agency, created by or existing under section 895 of the general municipal law.

308.  Onondaga county resource recovery agency, created by or existing under section 2045-c of the public authorities law.

309.  Onondaga county solid waste disposal authority, created by or existing under section 2017 of the public authorities law.

310.  Onondaga county water authority, created by or existing under section 1153 of the public authorities law.

311.  Ontario county industrial development agency, created by or existing under section 892-f of the general municipal law.

312.  Orange county industrial development agency, created by or existing under section 912 of the general municipal law, as added by section 1 of chapter 390 of the laws of 1972.

313.  Orange county water authority, created by or existing under section 1199-dd of the public authorities law, as added by section 1 of chapter 709 of the laws of 1987.

314.  Orangetown housing authority, created by or existing under section 442 of the public housing law.

315.  Oriskany Falls, Village of, housing authority, created by or existing under section 542 of the public housing law.

316.  Orleans, County of, industrial development agency, created by or existing under section 892-g of the general municipal law, as added by section 1 of chapter 211 of the laws of 1977.

317.  Ossining housing authority, created by or existing under section 454 of the public housing law.

318.  Oswego housing authority, created by or existing under section 423 of the public housing law.

319.  Oswego, County of, industrial development agency, created by or existing under section 911-b of the general municipal law.

320.  Owego parking authority, created by or existing under section 1595-c of the public authorities law.

321.  Otsego, County of, industrial development agency, created by or existing under section 910-a of the general municipal law.

322.  Oyster Bay, Town of, housing authority, created by or existing under section 480 of the public housing law.

323.  Painted Post, Village of, housing authority, created by or existing under section 509-c of the public housing law.

324.  Palmyra housing authority, created by or existing under section 508 of the public housing law.

325.  Patchogue, Village of, community development agency, created by or existing under section 680-b of the general municipal law.

326.  Patterson, Town of, housing authority, created by or existing under section 571 of the public housing law.

327.  Pawling, Village of, housing authority, created by or existing under section 485 of the public housing law.

328.  Peekskill, City of, civic center authority, created by or existing under section 2073 of the public authorities law.

329.  Peekskill housing authority, created by or existing under subdivision 2 of section 3 of the public housing law.

330.  Peekskill parking authority, created by or existing under section 1502 of the public authorities law.

331.  Peekskill, City of, industrial development agency, created by or existing under section 919-a of the general municipal law.

332.  Philadelphia, Village of, housing authority, created by or existing under section 559 of the public housing law.

333.  Philmont, Village of, housing authority, created by or existing under section 545 of the public housing law.

334.  Plattsburgh housing authority, created by or existing under section 445 of the public housing law.

335.  Port Chester housing authority, created by or existing under section 414 of the public housing law.

336.  Port Chester, Village of, industrial development agency, created by or existing under section 900-a of the general municipal law.

337.  Port Chester, Village of, parking authority, created by or existing under section 1620-c of the public authorities law.

338.  Port Jervis community development agency, created by or existing under section 584 of the general municipal law.

339.  Port Jervis housing authority, created by or existing under section 521 of the public housing law.

340.  Port Jervis, City of, industrial development agency, created by or existing under section 890-d of the general municipal law.

341.  Port Jervis parking authority, created by or existing under section 1585-c of the public authorities law.

342.  Potsdam, Village of, housing authority, created by or existing under section 505 of the public housing law, as added by section 1 of chapter 533 of the laws of 1968.

343.  Poughkeepsie housing authority, created by or existing under section 437 of the public housing law.

344.  Poughkeepsie, City of, parking authority, created by or existing under section 1598-b of the public authorities law.

345. Poughkeepsie, City of, industrial development agency, created by or existing under section 917 of the general municipal law, as added by section 1 of chapter 304 of the laws of 1974.

346.  Putnam, County of, industrial development agency, created by or existing under section 912-a and section 927-f of the general municipal law.

347.  Queensbury, Town of, housing authority, created by or existing under section 506 of the public housing law.

348.  Ramapo, Town of, housing authority, created by or existing under section 499 of the public housing law.

349.  Rensselaer housing authority, created by or existing under section 451 of the public housing law.

350.  Rensselaer, City of, industrial development agency, created by or existing under section 903-c of the general municipal law.

351.  Rensselaer county industrial development agency, created by or existing under section 903-d of the general municipal law.

352.  Rensselaer county water and sewer authority, created by or existing under section 1199-c of the public authorities law.

353.  Rensselaer Falls, Village of, housing authority, created by or existing under section 528 of the public housing law.

354.  Riverhead, Town of, community development agency, created by or existing under section 680-c of the general municipal law.

355.  Riverhead, Town of, industrial development agency, created by or existing under section 925-p of the general municipal law, as added by section 1 of chapter 624 of the laws of 1980.

356.  Riverside, Village of, urban renewal agency, created by or existing under section 644 of the general municipal law.

357.  Rochester housing authority, created by or existing under section 463 of the public housing law.

358.  Rockland, County of, industrial development agency, created by or existing under section 925-l of the general municipal law, as added by section 1 of chapter 651 of the laws of 1980 and amended by chapter 564 of the laws of 1986.

359.  Rockland county solid waste management authority, created by or existing under section 2053-c of the public authorities law.

360.  Rockville Centre, Village of, community development agency, created by or existing under section 669 of the general municipal law.

361.  Rockville Centre housing authority, created by or existing under section 410 of the public housing law.

362.  Rome housing authority, created by or existing under section 431 of the public housing law.

363.  Rome, City of, parking authority, created by or existing under section 1470-b of the public authorities law.

364.  Rome urban renewal agency, crated by or existing under section 603 of the general municipal law.

365.  Rotterdam municipal housing authority, created by or existing under section 416 of the public housing law.

366.  Rotterdam, Town of, industrial development agency, created by or existing under section 899-b of the general municipal law.

367.  Rye housing authority, created by or existing under section 455 of the public housing law.

368.  Sackets Harbor, Village of, housing authority, created by or existing under section 551 of the public housing law.

369.  St. Johnsville, Village of, housing authority, created by or existing under section 515 of the public housing law.

370.  St. Johnsville, Village of, urban renewal agency, created by or existing under section 680 of the general municipal law.

371.  Salamanca housing authority, created by or existing under section 456 of the public housing law.

372.  Salamanca hospital district authority, created by or existing under section 1762 of the public authorities law.

373.  Salamanca, City of, industrial development agency, created by or existing under general municipal law section 890-e.

374.  Salamanca Indian lease authority, created by or existing under section 1793 of the public authorities law.

375.  Saratoga county water authority, created by or existing under section 1199-ddd of the public authorities law.

376.  Saratoga, County of, industrial development agency, created by or existing under section 890-h of the general municipal law.

377.  Saratoga Springs housing authority, created by or existing under section 450 of the public housing law.

378.  Saratoga Springs city center authority, created by or existing under section 2490-c of the public authorities law.

379.  Schenectady, City of, industrial development agency, created by or existing under section 903-e of the general municipal law.

380.  Schenectady county industrial development agency, created by or existing under section 925-h of the general municipal law.

381.  Schenectady metroplex development authority, created by or existing under section 2653 of the public authorities law.

382.  Schenectady municipal housing authority, created by or existing under section 406 of the public housing law.

383.  Schenectady parking authority, created by or existing under section 1599-c of the public authorities law, as added by section 1 of chapter 704 of the laws of 1987.

384.  Schoharie county industrial development agency, created by or existing under section 905-a of the general municipal law.

385.  Schuyler county industrial development agency, created by or existing under general municipal law section 892-a.

386.  Scotia, Village of, housing authority, created by or existing under section 570 of the public housing law.

387.  Seneca county industrial development agency, created by or existing under section 893-a of the general municipal law.

388.  Sherrill, City of, housing authority, created by or existing under section 560 of the public housing law.

389.  Sidney, Village of, industrial development agency, created by or existing under section 925-g of the general municipal law.

390.  Skaneateles, Village of, housing authority, created by or existing under section 543-a of the public housing law.

391.  Sleepy Hollow, village of, parking authority, created by or existing under section 1600-cc of the public authorities law, as added by chapter 589 of the laws of 1985 and amended by chapter 488 of the Laws of 2000.

392.  Sloatsburg, Village of, housing authority, created by or existing under section 475 of the public housing law.

393.  Solvay, Village of, housing authority, created by or existing under section 557 of the public housing law.

394.  South Nyack, Village of, housing authority, created by or existing under section 495 of the public housing law.

395.  Southampton, Town of, housing authority, created by or existing under section 573 of the public housing law.

396.  Southeast industrial development agency, created by or existing under section 924 of the general municipal law.

397.  Spring Valley, Village of, housing authority, created by or existing under section 474 of the public housing law.

398.  Spring Valley parking authority, created by or existing under section 1599-cc of the public authorities law.

399.  St. Lawrence county industrial development agency, created by or existing under section 914 of the general municipal law.

400.  Steuben county industrial development agency, created by or existing under section 895-i of the general municipal law.

401.  Suffern, Village of, parking authority, created by or existing under section 1600-b of the public authorities law, as added by chapter 320 of the laws of 1974 and amended by chapter 303 of the laws of 1998.

402.  Suffolk county industrial development agency, created by or existing under section 911-a of the general municipal law.

403.  Suffolk county judicial facilities agency, created by or existing under section 2350-c of the public authorities law.

404.  Suffolk county water authority, created by or existing under section 1077 of the public authorities law.

405.  Suffolk regional off-track betting corporation.

406.  Sullivan, County of, industrial development agency, created by or existing under section 906 of the general municipal law.

407.  Syracuse municipal housing authority, created by or existing under subdivision 2 of section 3 of the public housing law.

408.  Syracuse, City of, industrial development agency, created by or existing under section 926 of the general municipal law.

409.  Syracuse parking authority, created by or existing under section 1475-c of the public authorities law.

410.  Syracuse urban renewal agency, created by or existing under section 570 of the general municipal law.

411.  Tarrytown municipal housing authority, created by or existing under subdivision 2 of section 3 of the public housing law.

412.  Thousand Islands Bridge Authority, created by or existing under section 577 of the public authorities law.

413.  Ticonderoga, Town of, housing authority, created by or existing under section 546 of the public housing law.

414.  Tioga county industrial development agency, created by or existing under section 912 of the general municipal law, as added by section 1 of chapter 534 of the laws of 1971 and amended by chapter 883 of the laws of 1974.

415.  Tompkins county industrial development agency, created by or existing under section 895-b of the general municipal law.

416.  Tonawanda, City of, community development agency, created by or existing under section 592 of the general municipal law.

417.  Tonawanda housing authority of the city of Tonawanda, created by or existing under section 412 of the public housing law.

418.  Tonawanda, Town of, housing authority, created by or existing under section 418 of the public housing law.

419.  Transit construction fund, created by or existing under section 1225-c of the public authorities law.

420.  Troy housing authority, created by or existing under section 421 of the public housing law.

421.  Troy industrial development authority, created by or existing under section 1952 of the public authorities law.

422.  Troy parking authority, created by or existing under section 1569-c of the public authorities law.

423.  Trust for cultural resources of the city of New York, created by or existing under section 21.05 of the arts and cultural affairs law.

424.  Trust for cultural resources of the county of Onondaga, created by or existing under section 22.05 of the arts and cultural affairs law.

425.  Tuckahoe housing authority, created by or existing under subdivision 2 of section 3 of the public housing law.

426.  Tuckahoe parking authority, created by or existing under section 1547 of the public authorities law.

427.  Tully, Town of, housing authority, created by or existing under section 569 of the public housing law, as added by section 1 of chapter 495 of the laws of 1992.

428.  Tupper Lake, Village of, housing authority, created by or existing under section 497 of the public housing law.

429.  Ulster county industrial development agency, created by or existing under section 923 of the general municipal law.

430.  Ulster county resource recovery agency, created by or existing under section 2050-c of the public authorities law.

431.  Union, Town of, housing authority, created by or existing under section 566 of the public housing law.

432.  Upper Mohawk Valley memorial auditorium authority, created by or existing under section 1942 of the public authorities law.

433.  Upper Mohawk Valley regional water board, created by or existing under section 1226-bb of the public authorities law.

434.  Upper Mohawk Valley regional water finance authority, created by or existing under section 1226-c of the public authorities law.

435.  Utica, City of, municipal housing authority, created by or existing under subdivision 2 of section 3 of the public housing law.

436.  Utica, City of, industrial development agency, created by or existing under section 927-d of the general municipal law.

437.  Utica parking authority, created by or existing under section 1590-c of the public authorities law.

438.  Utica transit authority, created by or existing under section 41 of the transportation law.

439.  Victor, Village of, urban renewal agency, created by or existing under section 680-d of the general municipal law, as added by section 1 of chapter 560 of the laws of 2002.

440.  Waddington, Village of, housing authority, created by or existing under section 497 of the public housing law, as added by section 1 of chapter 532 of the laws of 1968.

441.  Walden, Village of, industrial development agency, created by or existing under section 925-a of the general municipal law.

442.  Wallkill, Town of, housing authority, created by or existing under section 489 of the public housing law.

443.  Wallkill, Town of, industrial development agency, created by or existing under section 891 of the general municipal law.

444.  Warren & Washington, Counties of, industrial development agency, created by or existing under section 890-c of the general municipal law.

445.  Warwick, Town of, housing authority, created by or existing under section 535 of the public housing law, as added by section 1 of chapter 699 of the laws of 1972.

446.  Warwick, Village of, housing authority, created by or existing under section 512 of the public housing law.

447.  Water Authority of Southeastern Nassau county, created by or existing under section 1174-d of the public authorities law.

448.  Water Authority of Western Nassau county, created by or existing under section 1198-d of the public authorities law.

449.  Waterford, Town of, industrial development agency, created by or existing under section 925-z of the general municipal law.

450.  Watertown housing authority, created by or existing under section 438 of the public housing law.

451.  Watertown urban renewal agency, created by or existing under section 641 of the general municipal law.

452.  Watervliet housing authority, created by or existing under section 459 of the public housing law.

453.  Watkins Glen, Village of, housing authority, created by or existing under section 552 of the public housing law.

454.  Wayne county industrial development agency, created by or existing under section 890 of the general municipal law.

455.  Wayne county water and sewer authority, created by or existing under section 1199-dd of the public authorities law.

456.  Webster, Village of, housing authority, created by or existing under section 522 of the public housing law.

457.  West Carthage, Village of, housing authority, created by or existing under section 554 of the public housing law.

458.  West Winfield, Village of, housing authority, created by or existing under section 550 of the public housing law, as added by section 1 of chapter 149 of the laws of 1978.

459.  Westbury, Village of, community development agency, created by or existing under section 680-f of the general municipal law.

460.  Westchester, County of, industrial development agency, created by or existing under section 923-a of the general municipal law.

461. Western finger lakes solid waste management authority, created by or existing under section 2727 of the public authorities law.

462.  Western regional off-track betting corporation.

463.  Wheatfield, Town of, housing authority, created by or existing under section 533 of the public housing law, as added by section 1 of chapter 524 of the laws of 1971.

464.  White Plains housing authority, created by or existing under section 422 of the public housing law.

465.  White Plains urban renewal agency, created by or existing under section 583 of the general municipal law.

466.  Wilna, Town of, housing authority, created by or existing under section 471 of the public housing law.

467.  Wilton, Town of, water and sewer authority, created by or existing under public authorities law section 1124.

468.  Woodridge, Village of, housing authority, created by or existing under section 491 of the public housing law.

469.  Wyoming county industrial development agency, created by or existing under section 901-b of the general municipal law.

470.  Yates county industrial development agency, created by or existing under section 893-b of the general municipal law.

471.  Yonkers housing authority, created by or existing under subdivision 2 of section 3 of the public housing law.

472.  Yonkers, City of, industrial development agency, created by or existing under section 903 of the general municipal law.

473.  Yonkers, City of, parking authority, created by or existing under section 1596-c of the public authorities law.

474.  Yorktown housing authority, created by or existing under section 501 of the public housing law.

d.  Class D.  Among such public authorities, the following international and interstate public authorities created pursuant to agreement or compact with another state or with a foreign power, including any and all affiliates or subsidiaries, shall be designated, for the purposes of this chapter, as being “Class D” public authorities.  On or after the effective date of this section, the following entities and any other international or interstate public authority shall be “Class D” public authorities:

1.  Buffalo and Fort Erie public bridge authority, created by or existing under section 1 of chapter 824 of the laws of 1933.

2.  Niagara falls bridge commission, created by or existing under a 1938 joint congressional resolution reported at 52 United States statutes 767.

3.  Port authority of New York and New Jersey, created by or existing under article 3 of section 1 of chapter 154 of the laws of 1921, together with all affiliates or subsidiaries of such public authority, including but not limited to, the following:

a.  New York and New Jersey railroad corporation.

b.  Newark legal and communications center urban renewal corporation.

c.  Port Authority Trans-Hudson corporation.

d.  TransitCenter, Inc.

e.  WTC retail LLC.

§ 7.  The public authorities law is amended by adding a new section 3 to read as follows:

§ 3.  Limitations on terms and conditions of public authority debt

1.  Notwithstanding any other provision of law, on and after the effective date of this section no Class A or Class B public authority shall include in any covenant, bond document or any other instrument any provision having the effect of requiring or guaranteeing that the Class A or Class B public authority that issued a bond, note, or other debt obligation will remain in existence until the debt is repaid.

2.  Notwithstanding any other provision of law, on and after the effective date of this section, the total issued or outstanding debt of every Class A and Class B public authority shall be subject to the limitations set forth in either paragraph a or paragraph b of this subdivision.

a.  Any Class A or Class B public authority subject to a limit imposed by statute on the total amount of (I) its outstanding debt, (II) the principal amount of bonds, notes or other debt obligations it may issue, or (III) any category or type of debt that may be issued or outstanding shall not (i) issue any bond, note, or other debt obligation, or (ii) include in any covenant, bond document or any other instrument any provision having the effect of extending the term of any bond, note, or other debt obligation or permitting the refunding or refinancing of any debt obligation for a term longer than the term of such debt obligation in effect on the effective date of this section, unless such issuance, incurrence, extension, refunding, or refinancing is permitted by such statutory limit.  

b.  If a Class A or Class B public authority is not subject to a statutory limit on the total amount of (I) its outstanding debt, (II) the principal amount of its bonds, notes or other debt obligations it may issue, or (III) any category or type of debt that may be issued or outstanding, then on or after the effective date of this section, unless specifically authorized by a subsequent act of the legislature or by a committee or commission created by joint resolution of the legislature for the purpose of reviewing and approving any of the following actions, no such Class A or Class B public authority shall (i) issue any bond, note, or incur any other debt obligation, or (ii) include in any covenant, bond document or any other instrument any provision having the effect of extending the term of any bond, note, or other debt obligation or permitting the refunding or refinancing of any debt obligation for a term longer than the term of such debt obligation in effect on the effective date of this section.

3.  As long as the provision set forth in subdivision 1 of this section is satisfied, nothing in subdivision 2 of this section shall be deemed to prohibit a Class A or Class B public authority from refunding or refinancing any debt obligation for a term no longer than the term of such debt obligation in effect on the effective date of this section if such refunding or refinancing will achieve an actual debt service savings in every year to maturity and will result in a substantial overall debt service savings on a present value basis.   

4.  Notwithstanding any other provision of law, bonds or notes may not be sold in a private sale by any public authority, as defined in section 2 of this chapter, unless such sale and the terms and conditions thereof have been approved in writing by the comptroller.

§ 8.  Subdivision 1 of section 51 of the public authorities law is amended to read as follows:  1.  Subject to (i) the comptroller’s constitutional authority to supervise the accounts of public authorities, (ii) the comptroller’s statutory authority to approve the terms and conditions of debt obligations issued by public authorities, and (iii) the policy standards established by the debt management board pursuant to section 67-d of the state finance law in relation to public authority debt, [The] the New York state public authorities control board shall have the power and it shall be its duty to receive applications for approval of the financing and construction of any project proposed by any [of the following state public benefit corporations: a. New York state environmental facilities corporation b. New York state housing finance agency c. New York state medical care facilities finance agency d. Dormitory authority e. New York state urban development corporation f. Job development authority g. Battery park city authority h. New York state project finance agency i. State of New York mortgage agency j. New York state energy research and development authority k. Long Island Power Authority] Class A or Class B public authority, as defined in section 2 of the public authorities law.  Any application made concerning a project shall include the terms, conditions and dates of the repayment of state appropriations authorized by law pursuant to a repayment agreement, and a current listing of all outstanding debt and debt service obligations of the applicant.  Any subsidiary of, or corporation with the same members or directors as, a public benefit corporation subject to the provisions of this section shall also be subject to the provisions of this section.  All applications and submissions to the board required to be made by a subsidiary shall be made on behalf of such subsidiary by the public benefit corporation which created the subsidiary.  No public benefit corporation subject to the provisions of this section shall make any commitment, enter into any agreement or incur any indebtedness for the purpose of acquiring, constructing, or financing any project unless prior approval has been received from the board by such public benefit corporation as provided herein.

§ 9. Section 51 of the public authorities law is amended by adding a new subdivision 6 to read as follows:

6.  Not later than 90 days after the end of each fiscal year, the board shall submit to the governor, the comptroller, the temporary president and the minority leader of the senate, and the speaker and the minority leader of the assembly, an annual report detailing: (i) the aggregate amount of debt approved by the board during such fiscal year, (ii) a list of the individual projects approved by the board for each public authority during such fiscal year, and (iii) the total amount of new debt obligations the board has approved during such fiscal year for issuance by each public authority.  The board shall publish such report  by posting such report on the board’s internet website.  Each such report posted on the board’s internet website shall be maintained on such website for at least twelve months or until the next such report is posted on such website, whichever is later.  The board shall issue a news release announcing such report to newspapers of general circulation and radio and television news bureaus within the state.

§ 10.  Subdivision 2 of section 365 of the public authorities law is amended to read as follows:

2.  The notes and bonds shall be authorized by resolution of the board, shall bear such date or dates and mature at such time or times, in the case of notes and any renewals thereof within five years after their respective dates and in the case of bonds not exceeding forty years from their respective dates, as such resolution or resolutions may provide.  The notes and bonds shall bear interest at such rate or rates, be in such denominations, be in such form, either coupon or registered, carry such registration privileges, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption as such resolution or resolutions may provide.  Bonds and notes shall be sold by the authority, at public or private sale, at such price or prices as the authority may determine.  Bonds and notes of the authority shall not be sold by the authority at private sale unless such sale and the terms thereof have been approved in writing by the comptroller, where such sale is not to the comptroller, or by the director of the budget, where such sale is to the comptroller.  [Bonds and notes sold at public sale shall be sold by the comptroller, as agent of the authority, in such manner as the authority, with the approval of the comptroller, shall determine. § 11.  This act shall take effect immediately, provided, however, that paragraph a of subdivision 3 and subdivision 6 of section 67-f of the state finance law, as added by section 1 of this act, and section 3 of this act, shall take effect on the same date as the amendments to article 7 of the state constitution relating to the authorization of debt in times of public emergency, a limit on the total amount of state debt, and the establishment of a debt management board, as proposed in a Concurrent Resolution of the Senate and Assembly in the 2005 session, take effect.

 

 

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