§ 2799-ss. Additional bonds of the authority. Notwithstanding any provision of this title or of any other law to the contrary, the authority is hereby authorized to issue bonds, notes or other obligations in addition to those authorized by section twenty-seven hundred ninety-nine-gg of this title in an amount outstanding of up to two billion five hundred million dollars to pay all costs in the city's budget (whether or not included or includable in the city's capital budget) which are, in the judgment of the mayor, related to or arising from the terrorist attack on New York city that occurred on September eleventh, two thousand one. In addition to or in lieu of any revenues or other money that may be paid or payable to the authority, such bonds, notes or other obligations may be secured by and payable from the proceeds of other bonds, notes or other obligations of the authority or federal or state aid related to or arising from the terrorist attack on New York city that occurred on September eleventh, two thousand one. In addition, the authority may issue bonds, notes or other obligations without limitations as to amount, secured solely by and payable solely from such federal or state aid. The city, acting through the mayor, is hereby authorized to assign the right to receive any such federal or state aid to the authority and, after such assignment, the right to receive such aid shall be the property of the authority. Bonds issued pursuant to this section shall have a maximum maturity of up to thirty years.

Terms Used In N.Y. Public Authorities Law 2799-SS

  • Bonds: means bonds, notes and other evidences of indebtedness, issued by the authority. See N.Y. Public Authorities Law 2799-BB
  • City: means the city of New York. See N.Y. Public Authorities Law 2799-BB
  • costs: means costs, appropriated in the capital budget of the city pursuant to chapters nine and ten of the New York city charter, as amended from time to time, providing for the construction, reconstruction, acquisition or installation of physical public betterments or improvements, or the costs of any preliminary studies, surveys, maps, plans, estimates and hearings, or incidental costs, including, but not limited to, legal fees, printing or engraving, publication of notices, taking of title, apportionment of costs, and interest during construction, or any underwriting or other costs incurred in connection with the financing thereof. See N.Y. Public Authorities Law 2799-BB
  • Mayor: means the mayor of the city. See N.Y. Public Authorities Law 2799-BB
  • Revenues: means the tax revenues and all aid, rents, fees, charges, payments and other income and receipts paid or payable to the authority or a trustee for the account of the authority. See N.Y. Public Authorities Law 2799-BB
  • State: means the state of New York. See N.Y. Public Authorities Law 2799-BB
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