N.Y. Public Authorities Law 2463 – New York state sports authority
* § 2463. New York state sports authority. 1. For the purpose of effectuating the policy declared in section twenty-four hundred sixty-one of this chapter, there is hereby created a corporate instrumentality of the state to be known as "New York state sports authority" in this title referred to as "the authority", which shall be a body corporate and politic constituting a public benefit corporation. The authority shall consist of five members to be appointed by the governor, by and with the advice and consent of the senate. Of the members first appointed, one shall serve for a term ending April first, nineteen hundred seventy-four; one of such members shall serve for a term ending one year from such date; one of such members shall serve for a term ending two years from such date; one of such members shall serve for a term ending three years from such date; and one of such members shall serve for a term ending four years from such date. Their successors shall serve for terms of five years each. Each member shall hold office until his successor has been appointed and qualified. The governor shall designate one of the members to be chairman who shall be the chief executive officer of the authority.
Terms Used In N.Y. Public Authorities Law 2463
- Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Chairman: means the chairman of the dormitory authority. See N.Y. Public Authorities Law 1695
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
2. The chairman and the other members shall receive compensation within the amounts made available by appropriation therefor. Each member, including the chairman, shall be entitled to reimbursement for his actual and necessary expenses incurred in the performance of his official duties.
3. The chairman shall be the chief executive officer of the authority and shall be responsible for the discharge of the executive and administrative functions and powers of the authority, but he shall be empowered to delegate any one or more of such functions or powers, including, without limitations, that of appointment, discipline and removal of officers or employees, to one or more executive officers appointed by the board.
4. The authority shall be a "state agency" for the purposes of sections seventy-three and seventy-four of the public officers law.
5. Notwithstanding any inconsistent provisions of this or any other law, general, special or local, no officer or employee of the state, or of any public corporation as defined in the general corporation law, shall be deemed to have forfeited or shall forfeit his office or employment or any benefits provided under the retirement and social security law or under any public retirement system maintained by the state or any of its subdivisions by reason of his acceptance of membership on or chairmanship of the authority; provided, however, a member or chairman who holds such other public office or employment shall receive no additional compensation for services rendered pursuant to this title, but shall be entitled to reimbursement for his actual and necessary expenses incurred in the performance of such services.
6. The governor may remove any member for inefficiency, neglect of duty or misconduct in office after giving him a copy of the charges against him and an opportunity to be heard, in person or by counsel in his defense, upon not less than ten days' notice. If any member shall be so removed, the governor shall file in the office of the department of state a complete statement of charges made against such member, and his findings thereon, together with a complete record of the proceedings.
7. The authority shall continue so long as it shall have bonds or other obligations outstanding and until its existence shall be terminated by law. Upon the termination of the existence of the authority, all its rights and properties shall pass to and be vested in the state.
* NB (Disbanded March, 1980)