* § 1470-f. Construction contracts. The authority shall let contracts for construction in the same manner, so far as practicable, as is provided by law for contracts of the city, except that where the estimated expense of a contract does not exceed twenty-five hundred dollars, such contract may be entered into without public letting. Nothing in this section shall be construed to limit the power of the authority to do any construction directly by the officers, agents and employees of the authority.

Terms Used In N.Y. Public Authorities Law 1470-F

  • Contract: A legal written agreement that becomes binding when signed.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

* NB City of Rome Parking Authority ceased to exist 12/31/2000 per § 1470-b, and thereafter until all liabilities have been met/discharged, and all bonds paid/discharged