N.Y. Public Authorities Law 2508-A – Certain property acquired by authority
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* § 2508-a. Certain property acquired by authority. In the event that the New York state sports authority upon full amortization of any outstanding bonds issued for the acquisition, construction or rehabilitation of a sports facility, transfers such sports facility to the authority pursuant to subdivision four of section twenty-four hundred seventy-two of this chapter, such sports facility shall pass to and be vested in the city.
Terms Used In N.Y. Public Authorities Law 2508-A
- Amortization: Paying off a loan by regular installments.
* NB (Discontinued-Board of Directors never appointed)