S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7281
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 24, 2025
                                ___________
 
 Introduced  by  M. of A. PEOPLES-STOKES -- read once and referred to the
   Committee on Corporations, Authorities and Commissions
 
 AN ACT to amend the public authorities law, in relation to  establishing
   the city of Buffalo parking authority
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Article 7 of the  public  authorities  law  is  amended  by
 adding a new title 5 to read as follows:
                                  TITLE 5
                     CITY OF BUFFALO PARKING AUTHORITY
 SECTION 1500-A. SHORT TITLE.
         1500-B. DEFINITIONS.
         1500-C. CITY OF BUFFALO PARKING AUTHORITY.
         1500-D. PURPOSE AND POWERS OF THE AUTHORITY.
         1500-E. CONVEYANCE  OF  PROPERTY  BY  THE CITY TO THE AUTHORITY;
                   ACQUISITION OF PROPERTY BY THE CITY OR BY THE AUTHORI-
                   TY.
         1500-F. CONSTRUCTION AND PURCHASE CONTRACTS.
         1500-G. CONTRACT FOR EMPLOYEES.
         1500-H. MONEYS OF THE AUTHORITY.
         1500-I. BONDS OF THE AUTHORITY.
         1500-J. NOTES OF THE AUTHORITY.
         1500-K. AGREEMENTS OF NEW YORK STATE.
         1500-L. STATE AND CITY NOT LIABLE ON BONDS.
         1500-M. BONDS LEGAL INVESTMENTS FOR PUBLIC OFFICERS.
         1500-N. TAX EXEMPTIONS.
         1500-O. TAX CONTRACT BY THE STATE.
         1500-P. REMEDIES OF BONDHOLDERS.
         1500-Q. ACTIONS AGAINST THE AUTHORITY.
         1500-R. DEFENSE AND INDEMNIFICATION.
         1500-S. CODE OF ETHICS.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10468-02-5
              

 A. 7281                             2
 
         1500-T. CONTRACTING FOR MUNICIPAL SERVICES.
         1500-U. TERMINATION OF AUTHORITY.
         1500-V. TITLE  NOT AFFECTED IF IN PART UNCONSTITUTIONAL OR INEF-
                   FECTIVE.
         1500-W. INCONSISTENT PROVISIONS IN OTHER ACTS SUPERSEDED.
   § 1500-A. SHORT TITLE. THIS TITLE SHALL BE KNOWN AND MAY BE  CITED  AS
 THE "CITY OF BUFFALO PARKING AUTHORITY ACT".
   §  1500-B. DEFINITIONS. AS USED OR REFERRED TO IN THIS TITLE, UNLESS A
 DIFFERENT MEANING CLEARLY APPEARS FROM THE CONTEXT:
   1. THE TERM "AUTHORITY" SHALL MEAN THE CORPORATION CREATED BY  SECTION
 FIFTEEN HUNDRED-C OF THIS TITLE;
   2. THE TERM "CITY" SHALL MEAN THE CITY OF BUFFALO;
   3. THE TERM "BONDS" SHALL MEAN THE BONDS AUTHORIZED IN THIS TITLE;
   4. THE TERM "BOARD" SHALL MEAN THE MEMBERS OF THE AUTHORITY;
   5.  THE TERM "REAL PROPERTY" SHALL MEAN LANDS, STRUCTURES, FRANCHISES,
 AND INTEREST IN LANDS, AND ANY AND ALL THINGS  USUALLY  INCLUDED  WITHIN
 THE  SAID  TERM, AND INCLUDES NOT ONLY FEES SIMPLE ABSOLUTE BUT ALSO ANY
 AND ALL LESSER INTEREST, SUCH AS EASEMENTS, RIGHTS OF WAY, USES, LEASES,
 LICENSES, AND ALL OTHER  INCORPOREAL  HEREDITAMENTS  AND  EVERY  ESTATE,
 INTEREST  OR  RIGHT,  LEGAL  OR EQUITABLE, INCLUDING TERMS OF YEARS, AND
 LIENS THEREON BY WAY OF JUDGMENTS,  MORTGAGES  OR  OTHERWISE,  AND  ALSO
 CLAIMS FOR DAMAGE TO REAL ESTATE, IN THE AREA OF THE CITY;
   6.  THE  TERM "PROJECT" SHALL MEAN ANY AREA OR PLACE OPERATED OR TO BE
 OPERATED BY THE AUTHORITY FOR THE PARKING OR STORING OF MOTOR AND  OTHER
 VEHICLES  OR ANY AREA OR PLACE WHICH USE IS SUPPORTED BY THE AUTHORITY'S
 PARKING OR STORING OF SUCH VEHICLES  AND  SHALL,  WITHOUT  LIMITING  THE
 FOREGOING,  INCLUDE  ALL  REAL  AND PERSONAL PROPERTY, DRIVEWAYS, ROADS,
 APPROACHES, STRUCTURES, TERMINALS OF ALL KINDS, GARAGES, METERS, MECHAN-
 ICAL EQUIPMENT, AND ALL APPURTENANCES AND FACILITIES PROXIMATE  TO,  ON,
 ABOVE  OR  UNDER  THE GROUND WHICH ARE USED OR USABLE IN CONNECTION WITH
 SUCH PARKING OR STORING OF SUCH VEHICLES IN THE  AREA  OF  THE  CITY  OR
 WHICH FACILITATES INCREASED SUPPLY OR DEMAND FOR PARKING;
   7.  THE  TERM  "PROJECTS"  SHALL  MEAN MORE THAN ONE PROJECT OR PUBLIC
 PARKING STRUCTURE.
   § 1500-C. CITY OF BUFFALO PARKING AUTHORITY. A BOARD TO  BE  KNOWN  AS
 THE  "CITY  OF  BUFFALO PARKING AUTHORITY" IS HEREBY CREATED. SUCH BOARD
 SHALL BE A BODY CORPORATE AND POLITIC,  CONSTITUTING  A  PUBLIC  BENEFIT
 CORPORATION,  AND  ITS  EXISTENCE SHALL COMMENCE UPON THE APPOINTMENT OF
 THE MEMBERS AS HEREIN PROVIDED. IT SHALL CONSIST OF  A  CHAIR  AND  FOUR
 OTHER  MEMBERS,  WHO  SHALL  BE  APPOINTED  BY  THE MAYOR OF THE CITY OF
 BUFFALO, WITH THE ADVICE AND CONSENT OF THE CITY OF BUFFALO COMMON COUN-
 CIL. THE MEMBERS SHALL SERVE AT  THE  PLEASURE  OF  THE  MAYOR.  OF  THE
 MEMBERS  FIRST  APPOINTED,  ONE  SHALL  BE APPOINTED FOR A PERIOD OF ONE
 YEAR, ONE FOR A PERIOD OF TWO YEARS, ONE FOR A PERIOD  OF  THREE  YEARS,
 ONE  FOR  A PERIOD OF FOUR YEARS, AND ONE FOR A PERIOD OF FIVE YEARS. AT
 THE EXPIRATION OF SUCH TERMS, THE TERMS OF OFFICE  OF  THEIR  SUCCESSORS
 SHALL  BE  FIVE  YEARS.  EACH  MEMBER  SHALL CONTINUE TO SERVE UNTIL THE
 APPOINTMENT AND QUALIFICATION OF A SUCCESSOR. VACANCIES  IN  SUCH  BOARD
 OCCURRING  OTHERWISE  THAN BY THE EXPIRATION OF TERM SHALL BE FILLED FOR
 THE UNEXPIRED TERM. THE MEMBERS OF THE BOARD  SHALL  CHOOSE  FROM  THEIR
 NUMBER  A  VICE-CHAIR.  THE MEMBERS OF THE BOARD SHALL BE COMPENSATED AT
 THE RATE OF TWENTY-FIVE HUNDRED DOLLARS PER ANNUM EACH FOR A FULL YEAR'S
 SERVICE, AND THE CHAIR OF THE BOARD SHALL BE COMPENSATED AT THE RATE  OF
 THIRTY-FIVE  HUNDRED  DOLLARS  PER  ANNUM  FOR A FULL YEAR'S SERVICE. IN
 ADDITION THERETO, MEMBERS SHALL BE ENTITLED  TO  REIMBURSEMENT  FOR  ANY
 ACTUAL  AND  NECESSARY  EXPENSES  INCURRED  IN  THE  PERFORMANCE OF SUCH
 A. 7281                             3
 
 MEMBER'S OFFICIAL DUTIES.  THE POWERS OF THE AUTHORITY SHALL  BE  VESTED
 IN  AND  EXERCISED BY A MAJORITY OF THE MEMBERS OF THE BOARD. SUCH BOARD
 MAY DELEGATE TO ONE OR MORE OF ITS MEMBERS OR TO  ITS  OFFICERS,  AGENTS
 AND EMPLOYEES SUCH POWERS AND DUTIES AS IT MAY DEEM PROPER.
   §  1500-D.  PURPOSE  AND  POWERS  OF THE AUTHORITY. THE PURPOSE OF THE
 AUTHORITY SHALL BE TO CONSTRUCT, OPERATE AND MAINTAIN ONE OR  MORE  CITY
 PUBLIC  PARKING  PROJECTS  IN  THE  CITY. TO CARRY OUT SAID PURPOSE, THE
 AUTHORITY SHALL HAVE POWER:
   1. TO SUE AND BE SUED;
   2. TO HAVE A SEAL AND ALTER THE SAME AT PLEASURE;
   3. TO ACQUIRE, HOLD AND DISPOSE OF PERSONAL PROPERTY FOR ITS CORPORATE
 PURPOSES, INCLUDING THE  POWER  TO  PURCHASE  PROSPECTIVE  OR  TENTATIVE
 AWARDS IN CONNECTION WITH THE CONDEMNATION OF REAL PROPERTY;
   4.  TO ACQUIRE IN THE NAME OF THE CITY BY PURCHASE OR CONDEMNATION AND
 USE NECESSARY REAL PROPERTY. ALL REAL PROPERTY ACQUIRED BY THE AUTHORITY
 BY CONDEMNATION SHALL BE ACQUIRED IN THE MANNER PROVIDED IN THE  EMINENT
 DOMAIN  PROCEDURE LAW OR IN THE MANNER PROVIDED BY LAW FOR THE CONDEMNA-
 TION OF LAND BY THE CITY;
   5. TO MAKE BY-LAWS FOR THE MANAGEMENT AND REGULATION OF  ITS  AFFAIRS,
 AND,  SUBJECT  TO AGREEMENTS WITH BONDHOLDERS, FOR THE REGULATION OF THE
 PROJECT;
   6. WITH THE CONSENT OF THE CITY, TO USE AGENTS, EMPLOYEES AND  FACILI-
 TIES  OF  THE  CITY,  PAYING  TO  THE  CITY ITS AGREED PROPORTION OF THE
 COMPENSATION OR COSTS;
   7. TO APPOINT OFFICERS, AGENTS AND EMPLOYEES, TO PRESCRIBE THEIR QUAL-
 IFICATIONS AND TO FIX  THEIR  COMPENSATION;  SUBJECT,  HOWEVER,  TO  THE
 PROVISIONS OF THE CIVIL SERVICE LAW, AS HEREINAFTER PROVIDED;
   8.  TO  APPOINT AN ATTORNEY, WHO MAY BE THE CORPORATION COUNSEL OF THE
 CITY, AND TO FIX SUCH ATTORNEY'S COMPENSATION;
   9. TO MAKE CONTRACTS AND LEASES, AND TO EXECUTE ALL INSTRUMENTS NECES-
 SARY OR CONVENIENT;
   10. TO CONSTRUCT SUCH BUILDINGS, STRUCTURES AND FACILITIES AS  MAY  BE
 NECESSARY;
   11. TO RECONSTRUCT, IMPROVE, MAINTAIN AND OPERATE THE PROJECTS;
   12.  TO  ACCEPT GRANTS, LOANS OR CONTRIBUTIONS FROM THE UNITED STATES,
 THE STATE OF NEW YORK, OR ANY AGENCY OR  INSTRUMENTALITY  OF  EITHER  OF
 THEM,  OR  THE  CITY,  OR AN INDIVIDUAL, BY BEQUEST OR OTHERWISE, AND TO
 EXPEND THE PROCEEDS FOR ANY PURPOSES OF THE AUTHORITY;
   13. TO FIX AND COLLECT RENTALS, FEES AND OTHER CHARGES FOR THE USE  OF
 THE  PROJECTS  OR  ANY  OF  THEM  SUBJECT TO AND IN ACCORDANCE WITH SUCH
 AGREEMENTS WITH BONDHOLDERS AS MAY BE MADE AS HEREINAFTER PROVIDED;
   14. TO CONSTRUCT, OPERATE OR MAINTAIN IN THE PROJECTS  ALL  FACILITIES
 NECESSARY OR CONVENIENT IN CONNECTION THEREWITH; AND TO CONTRACT FOR THE
 CONSTRUCTION,  OPERATION  OR  MAINTENANCE  OF  ANY  PARTS THEREOF OR FOR
 SERVICES TO BE PERFORMED; TO RENT PARTS THEREOF, AND GRANT  CONCESSIONS,
 ALL  ON SUCH TERMS AND CONDITIONS AS IT MAY DETERMINE; PROVIDED HOWEVER,
 THAT NEITHER THE AUTHORITY, THE CITY OR ANY AGENCY OF THE  AUTHORITY  OR
 CITY,  OR  ANY OTHER PERSON, FIRM OR CORPORATION SHALL, WITHIN OR ON ANY
 PROPERTY COMPRISING A PART OF ANY  PROJECT  AUTHORIZED  BY  THIS  TITLE,
 SELL,  DISPENSE  OR  OTHERWISE  HANDLE  ANY  PRODUCT  USED IN OR FOR THE
 SERVICING OF ANY MOTOR VEHICLE USING ANY PROJECT OR FACILITY  AUTHORIZED
 BY  THIS  TITLE,  AND PROVIDED FURTHER THAT THE LOCATION OF SITES OF THE
 PROJECTS SHALL BE SUBJECT TO THE PRIOR APPROVAL OF  THE  PLANNING  BOARD
 AND COMMON COUNCIL OF THE CITY.
 A. 7281                             4
 
   15.  TO  DO  ALL  THINGS NECESSARY, CONVENIENT OR DESIRABLE, INCLUDING
 ANCILLARY AND INCIDENTAL ACTIVITIES, TO CARRY OUT ITS PURPOSES  AND  FOR
 THE EXERCISE OF THE POWERS GRANTED IN THIS TITLE.
   §  1500-E. CONVEYANCE OF PROPERTY BY THE CITY TO THE AUTHORITY; ACQUI-
 SITION OF PROPERTY BY THE CITY OR BY THE AUTHORITY. 1. THE CITY MAY,  BY
 RESOLUTION  OR  RESOLUTIONS  OF  THE  COMMON  COUNCIL  OR BY INSTRUMENTS
 AUTHORIZED BY SUCH RESOLUTIONS, CONVEY, WITH OR  WITHOUT  CONSIDERATION,
 AND  UPON APPROPRIATE CONDITIONS AS TO OUTSTANDING CITY BONDS APPERTAIN-
 ING THERETO, TO THE AUTHORITY REAL AND PERSONAL PROPERTY  OWNED  BY  THE
 CITY  FOR USE BY THE AUTHORITY AS A PROJECT OR PROJECTS OR A PART THERE-
 OF. IN CASE OF REAL PROPERTY SO CONVEYED, THE TITLE THERETO SHALL REMAIN
 IN THE CITY BUT THE AUTHORITY SHALL HAVE THE USE AND  OCCUPANCY  THEREOF
 FOR  SO  LONG  AS ITS CORPORATE EXISTENCE SHALL CONTINUE. IN THE CASE OF
 PERSONAL PROPERTY SO CONVEYED, THE TITLE SHALL PASS TO THE AUTHORITY.
   2. THE CITY MAY ACQUIRE IN THE NAME OF THE CITY BY PURCHASE OR CONDEM-
 NATION REAL PROPERTY IN THE CITY FOR ANY OF  THE  PROJECTS  OR  FOR  THE
 WIDENING  OF  EXISTING  ROADS,  STREETS, AVENUES OR HIGHWAYS, OR FOR NEW
 ROADS, STREETS, AVENUES OR HIGHWAYS WITHIN A RADIUS OF ONE MILE  TO  ANY
 OF  THE  PROJECTS, OR PARTLY FOR SUCH PURPOSES AND PARTLY FOR OTHER CITY
 PURPOSES, BY PURCHASE OR CONDEMNATION IN THE MANNER PROVIDED BY LAW  FOR
 THE  ACQUISITION  OF  REAL  PROPERTY BY THE CITY. FOR LIKE PURPOSES, THE
 CITY MAY CLOSE SUCH STREETS, ROADS,  AVENUES,  OR  HIGHWAYS  AS  MAY  BE
 NECESSARY  OR  CONVENIENT, EXCEPT AS TO STATE HIGHWAYS AND ARTERIAL WAYS
 WHICH MAY NOT BE CLOSED WITHOUT  THE  CONSENT  OF  THE  NEW  YORK  STATE
 COMMISSIONER OF TRANSPORTATION.
   3.  CONTRACTS  MAY  BE ENTERED INTO BETWEEN THE CITY AND THE AUTHORITY
 PROVIDING FOR THE PROPERTY TO BE CONVEYED BY THE CITY TO THE  AUTHORITY,
 THE  ADDITIONAL PROPERTY TO BE ACQUIRED BY THE CITY AND SO CONVEYED, THE
 STREETS, ROADS, AVENUES, AND HIGHWAYS TO BE CLOSED BY THE CITY  AND  THE
 AMOUNTS,  TERMS  AND  CONDITIONS OF PAYMENT TO BE MADE BY THE AUTHORITY.
 SUCH CONTRACTS MAY ALSO CONTAIN COVENANTS BY THE CITY AS  TO  THE  ROAD,
 STREET, AVENUE AND HIGHWAY IMPROVEMENTS TO BE MADE BY THE CITY. ANY SUCH
 CONTRACTS  BETWEEN  THE  CITY  AND  THE  AUTHORITY MAY BE PLEDGED BY THE
 AUTHORITY TO SECURE ITS BONDS AND MAY NOT BE MODIFIED THEREAFTER  EXCEPT
 AS PROVIDED BY THE TERMS OF THE PLEDGE. THE COMMON COUNCIL MAY AUTHORIZE
 SUCH  CONTRACTS BETWEEN THE CITY AND THE AUTHORITY AND NO OTHER AUTHORI-
 ZATION ON THE PART OF THE CITY FOR SUCH CONTRACTS  SHALL  BE  NECESSARY.
 ANY SUCH CONTRACTS MAY BE SO AUTHORIZED AND ENTERED INTO BY THE CITY AND
 IN  SUCH  MANNER  AS  THE COMMON COUNCIL MAY DETERMINE, AND THE PAYMENTS
 REQUIRED TO BE MADE BY THE CITY MAY BE MADE AND FINANCED NOTWITHSTANDING
 THAT NO PROVISIONS THEREFOR SHALL HAVE FIRST BEEN  MADE  IN  THE  ANNUAL
 APPROPRIATIONS  OF THE CITY. ALL CONTRACTUAL OR OTHER OBLIGATIONS OF THE
 CITY INCURRED IN CARRYING OUT THE PROVISIONS  OF  THIS  TITLE  SHALL  BE
 INCLUDED  IN  AND  PROVIDED FOR BY EACH ANNUAL APPROPRIATION OF THE CITY
 THEREAFTER MADE, IF AND TO THE EXTENT THAT  THEY  MAY  APPROPRIATELY  BE
 INCLUDED THEREIN.
   4. THE AUTHORITY MAY, SUBJECT TO THE APPROVAL OF THE COMMON COUNCIL OF
 THE  CITY, ITSELF ACQUIRE REAL PROPERTY FOR A PROJECT IN THE NAME OF THE
 CITY AT THE COST AND EXPENSE OF THE  AUTHORITY  BY  GIFT,  PURCHASE,  OR
 CONDEMNATION PURSUANT TO THE EMINENT DOMAIN PROCEDURE LAW OR PURSUANT TO
 THE LAWS RELATING TO THE CONDEMNATION OF LAND BY THE CITY.  THE AUTHORI-
 TY SHALL HAVE THE USE AND OCCUPANCY OF SUCH REAL PROPERTY SO LONG AS ITS
 CORPORATE EXISTENCE SHALL CONTINUE.
   5.  IN CASE THE AUTHORITY SHALL HAVE THE USE AND OCCUPANCY OF ANY REAL
 PROPERTY WHICH IT SHALL DETERMINE IS NO LONGER REQUIRED  FOR  A  PROJECT
 THEN, IF SUCH PROPERTY WAS ACQUIRED AT THE COST AND EXPENSE OF THE CITY,
 A. 7281                             5
 
 THE  AUTHORITY  SHALL  HAVE THE POWER TO SURRENDER ITS USE AND OCCUPANCY
 THEREOF TO THE CITY, OR, IF SUCH REAL PROPERTY WAS ACQUIRED AT THE  COST
 AND EXPENSE OF THE AUTHORITY, THEN THE AUTHORITY SHALL HAVE THE POWER TO
 SELL,  LEASE  OR  OTHERWISE  DISPOSE  OF SAID REAL PROPERTY AT PUBLIC OR
 PRIVATE SALE, AND SHALL RETAIN AND HAVE THE POWER TO USE THE PROCEEDS OF
 SALE, RENTALS, OR OTHER MONEYS DERIVED FROM THE DISPOSITION THEREOF  FOR
 ITS PURPOSES.
   § 1500-F. CONSTRUCTION AND PURCHASE 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.  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.  CONTRACTS FOR THE PURCHASE OF SUPPLIES, MATERIAL AND  EQUIP-
 MENT SHALL BE LET IN THE SAME MANNER AS IS PROVIDED BY LAW FOR CONTRACTS
 OF THE CITY.
   §  1500-G.  CONTRACT FOR EMPLOYEES. 1. THE AUTHORITY IS HEREBY AUTHOR-
 IZED TO ENTER INTO CONTRACTS UNDER WHICH SUCH CONTRACTOR  WOULD  PROVIDE
 EMPLOYEES  TO THE AUTHORITY FOR THE PURPOSE OF OPERATION AND MAINTENANCE
 OF THE PROJECTS OF THE AUTHORITY. THE AUTHORITY SHALL NOT  BEGIN  OPERA-
 TION  OF  ANY  PROJECT  UNTIL  SUCH  A  CONTRACT SHALL BE IN FORCE. SUCH
 CONTRACT SHALL PROVIDE THAT ALL EMPLOYEES ENGAGED IN THE  OPERATION  AND
 MAINTENANCE  OF ANY AUTHORITY PROJECT SHALL BE EMPLOYEES OF THE CONTRAC-
 TOR AND NOT EMPLOYEES OF THE AUTHORITY.  SUCH  EMPLOYEES  SHALL  RECEIVE
 THEIR  TOTAL  COMPENSATION  AND  ANY EMPLOYEE BENEFITS DIRECTLY FROM THE
 CONTRACTOR FOR WHOM THEY ARE EMPLOYED. EXCEPT FOR ROLES CONSIDERED TO BE
 MANAGEMENT OR CONFIDENTIAL PURSUANT TO ARTICLE  FOURTEEN  OF  THE  CIVIL
 SERVICE  LAW,  INCLUDING  THE  BOARD  OF  THE  AUTHORITY, ESTABLISHED BY
 SECTION FIFTEEN HUNDRED-C OF THIS TITLE, THE  AUTHORITY  SHALL  HAVE  NO
 EMPLOYEES  OTHER  THAN  THE  EMPLOYEES OF THE CONTRACTOR PURSUANT TO ANY
 CONTRACT AUTHORIZED BY THIS SECTION.
   2. EVERY CONTRACT ENTERED INTO UNDER SUBDIVISION ONE OF  THIS  SECTION
 SHALL  REQUIRE THAT THE WAGES TO BE PAID TO ANY EMPLOYEES ENGAGED IN THE
 OPERATION AND MAINTENANCE OF ANY AUTHORITY PROJECT  SHALL  BE  NOT  LESS
 THAN  WAGES THAT ARE COMPARABLE TO THOSE PAID TO EMPLOYEES DOING SIMILAR
 WORK IN THE CITY OF BUFFALO.
   § 1500-H. MONEYS OF THE AUTHORITY. ALL MONEYS OF THE  AUTHORITY  SHALL
 BE  PAID  TO  THE  TREASURER  OF THE CITY AS AGENT OF THE AUTHORITY, WHO
 SHALL NOT COMMINGLE SUCH MONEYS WITH ANY OTHER MONEYS. SUCH MONEYS SHALL
 BE DEPOSITED IN A SEPARATE BANK ACCOUNT OR ACCOUNTS. THE MONEY  IN  SUCH
 ACCOUNTS  SHALL BE PAID OUT BY THE TREASURER ON REQUISITION OF THE CHAIR
 OF THE AUTHORITY OR OF SUCH PERSON  OR  PERSONS  AS  THE  AUTHORITY  MAY
 AUTHORIZE  TO MAKE SUCH REQUISITIONS AFTER AUDIT BY AND UPON THE WARRANT
 OF THE CITY COMPTROLLER. ALL DEPOSITS OF SUCH MONEYS SHALL, IF  REQUIRED
 BY  THE  TREASURER  OR  THE  AUTHORITY, BE SECURED BY OBLIGATIONS OF THE
 UNITED STATES OR THE STATE OF NEW YORK AT A MARKET VALUE  EQUAL  AT  ALL
 TIMES  TO  THE  AMOUNT OF THE DEPOSIT, AND ALL BANKS AND TRUST COMPANIES
 ARE AUTHORIZED TO GIVE SUCH SECURITY FOR SUCH  DEPOSITS.  THE  TREASURER
 AND  A LEGALLY AUTHORIZED REPRESENTATIVE OF THE TREASURER ARE AUTHORIZED
 AND EMPOWERED FROM TIME TO TIME TO EXAMINE THE ACCOUNTS AND BOOKS OF THE
 AUTHORITY, INCLUDING ITS  RECEIPTS,  DISBURSEMENTS,  CONTRACTS,  LEASES,
 SINKING  FUNDS, INVESTMENTS AND ANY OTHER RECORDS AND PAPERS RELATING TO
 ITS FINANCIAL STANDING. THE AUTHORITY SHALL HAVE POWER,  NOTWITHSTANDING
 THE  PROVISIONS  OF THIS SECTION, TO CONTRACT WITH THE HOLDERS OF ANY OF
 ITS BONDS AS  TO  THE  CUSTODY,  COLLECTION,  SECURING,  INVESTMENT  AND
 PAYMENT  OF  ANY  MONEYS OF THE AUTHORITY OR ANY MONEYS HELD IN TRUST OR
 OTHERWISE FOR THE PAYMENT OF BONDS OR IN ANY WAY TO SECURE BONDS, AND TO
 A. 7281                             6
 
 CARRY OUT ANY SUCH CONTRACT NOTWITHSTANDING THAT SUCH  CONTRACT  MAY  BE
 INCONSISTENT  WITH  THE PREVIOUS PROVISIONS OF THIS SECTION. MONEYS HELD
 IN TRUST OR OTHERWISE FOR THE PAYMENT OF BONDS OR IN ANY WAY  TO  SECURE
 BONDS  AND DEPOSITS OF SUCH MONEYS MAY BE ACQUIRED IN THE SAME MANNER AS
 MONEYS OF THE AUTHORITY, AND ALL BANKS AND TRUST COMPANIES  ARE  AUTHOR-
 IZED TO GIVE SUCH SECURITY FOR SUCH DEPOSITS. THE ACCOUNT OF THE AUTHOR-
 ITY  SHALL  BE  SUBJECT  TO  THE SUPERVISION OF THE NEW YORK STATE COMP-
 TROLLER, AND SUCH COMPTROLLER OR LEGALLY AUTHORIZED  REPRESENTATIVES  OF
 THE COMPTROLLER ARE HEREBY AUTHORIZED AND EMPOWERED FROM TIME TO TIME TO
 EXAMINE THE ACCOUNTS AND BOOKS OF THE AUTHORITY, INCLUDING ITS RECEIPTS,
 DISBURSEMENTS,  CONTRACTS,  SINKING  FUNDS,  INVESTMENTS  AND  ANY OTHER
 MATTER RELATING TO ITS FINANCIAL STANDING AND FISCAL  AFFAIRS.    WITHIN
 NINETY  DAYS  AFTER THE END OF EACH FISCAL YEAR, AN ANNUAL FINANCIAL AND
 MANAGEMENT AUDIT OF THE AUTHORITY'S PERFORMANCE AND OPERATIONS SHALL  BE
 PREPARED  BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANCY FIRM. SUCH FIRM
 SHALL BE CHOSEN FROM AN APPROVED LIST OF AUDITORS PRESCRIBED BY THE CITY
 COMPTROLLER, THE EXPENSE OF WHICH SHALL BE TREATED AS AN EXPENSE OF  THE
 AUTHORITY.
   §  1500-I.  BONDS  OF  THE  AUTHORITY. 1. THE AUTHORITY SHALL HAVE THE
 POWER AND IS HEREBY AUTHORIZED FROM TIME TO TIME TO ISSUE ITS NEGOTIABLE
 BONDS FOR ANY PURPOSE MENTIONED IN SECTION  FIFTEEN  HUNDRED-D  OF  THIS
 TITLE,  INCLUDING  THE  ACQUISITION,  CONSTRUCTION,  RECONSTRUCTION  AND
 REPAIR OF PERSONAL AND REAL PROPERTY OF ALL KINDS DEEMED BY THE BOARD TO
 BE NECESSARY OR DESIRABLE TO CARRY OUT SUCH PURPOSE, AS WELL AS  TO  PAY
 SUCH  EXPENSES  AS  MAY BE DEEMED BY THE BOARD NECESSARY OR DESIRABLE TO
 THE FINANCING THEREOF AND PLACING THE PROJECT OR PROJECTS  IN  OPERATION
 IN  THE AGGREGATE PRINCIPAL AMOUNT OF NOT EXCEEDING SEVENTY-FIVE MILLION
 DOLLARS OUTSTANDING AT ANY ONE TIME. THE AUTHORITY SHALL HAVE POWER FROM
 TIME TO TIME AND WHENEVER IT DEEMS REFUNDING EXPEDIENT,  TO  REFUND  ANY
 BONDS  BY  THE  ISSUANCE  OF NEW BONDS, WHETHER THE BONDS TO BE REFUNDED
 HAVE OR HAVE NOT MATURED AND MAY ISSUE BONDS PARTLY TO REFUND BONDS THEN
 OUTSTANDING AND PARTLY FOR ANY OTHER PURPOSE HEREINABOVE DESCRIBED.  THE
 REFUNDING BONDS MAY BE EXCHANGED FOR THE BONDS TO BE REFUNDED, WITH SUCH
 CASH  ADJUSTMENTS  AS  MAY  BE  AGREED,  OR MAY BE SOLD AND THE PROCEEDS
 APPLIED TO THE PURCHASE OR PAYMENT OF  THE  BONDS  TO  BE  REFUNDED.  IN
 COMPUTING  THE  TOTAL  AMOUNT OF BONDS OF THE AUTHORITY WHICH MAY AT ANY
 TIME BE OUTSTANDING THE AMOUNT OF THE OUTSTANDING BONDS TO  BE  REFUNDED
 FROM  THE PROCEEDS OF THE SALE OF NEW BONDS OR BY EXCHANGE FOR NEW BONDS
 SHALL BE EXCLUDED. EXCEPT AS MAY OTHERWISE BE EXPRESSLY PROVIDED BY  THE
 AUTHORITY,  THE BONDS OF EVERY ISSUE SHALL BE GENERAL OBLIGATIONS OF THE
 AUTHORITY PAYABLE OUT OF  ANY  MONEYS  OR  REVENUES  OF  THE  AUTHORITY,
 SUBJECT  ONLY  TO  ANY  AGREEMENTS  WITH THE HOLDERS OF PARTICULAR BONDS
 PLEDGING ANY PARTICULAR MONEYS OR  REVENUES.  NOTWITHSTANDING  THE  FACT
 THAT THE BONDS MAY BE PAYABLE FROM A SPECIAL FUND, IF THEY ARE OTHERWISE
 OF SUCH FORM AND CHARACTER AS TO BE NEGOTIABLE INSTRUMENTS UNDER ARTICLE
 EIGHT  OF  THE UNIFORM COMMERCIAL CODE THE BONDS SHALL BE AND ARE HEREBY
 MADE NEGOTIABLE INSTRUMENTS WITHIN  THE  MEANING  OF  AND  FOR  ALL  THE
 PURPOSES  OF  ARTICLE EIGHT OF THE UNIFORM COMMERCIAL CODE, SUBJECT ONLY
 TO THE PROVISIONS OF THE BONDS FOR REGISTRATION.
   2. THE BONDS SHALL BE AUTHORIZED BY RESOLUTION OF THE BOARD AND  SHALL
 BEAR  SUCH  DATE  OR  DATES, MATURE AT SUCH TIME OR TIMES, NOT EXCEEDING
 THIRTY YEARS FROM THEIR RESPECTIVE DATES, BEAR INTEREST AT SUCH RATE  OR
 RATES  AS  SUCH  RESOLUTION MAY PROVIDE, BE IN SUCH DENOMINATIONS, BE IN
 SUCH FORM, EITHER COUPON OR REGISTERED, CARRY SUCH  REGISTRATION  PRIVI-
 LEGES,  BE  EXECUTED  IN  SUCH MANNER, BE PAYABLE IN LAWFUL MONEY OF THE
 UNITED STATES OF AMERICA AT SUCH PLACE OR PLACES AND BE SUBJECT TO  SUCH
 A. 7281                             7

 TERMS  OF REDEMPTION, AS SUCH RESOLUTION OR RESOLUTIONS MAY PROVIDE. THE
 BONDS MAY BE SOLD AT PUBLIC OR PRIVATE SALE FOR SUCH PRICE OR PRICES  AS
 THE  AUTHORITY  SHALL DETERMINE PROVIDED, HOWEVER, THAT ANY PRIVATE SALE
 SHALL  BE  SUBJECT  TO THE APPROVAL OF THE STATE COMPTROLLER, WHERE SUCH
 SALE IS NOT TO THE COMPTROLLER, OR THE NEW YORK STATE  DIRECTOR  OF  THE
 BUDGET, WHERE SUCH SALE IS TO THE COMPTROLLER.
   3.  ANY  RESOLUTION OR RESOLUTIONS, AUTHORIZING ANY BONDS OR ANY ISSUE
 OF BONDS MAY CONTAIN PROVISIONS, WHICH SHALL BE A PART OF  THE  CONTRACT
 WITH THE HOLDERS OF THE BONDS THEREBY AUTHORIZED, AS TO:
   (A)  PLEDGING ALL OR ANY PART OF THE REVENUES OF A PROJECT OR PROJECTS
 TO SECURE THE PAYMENT OF THE BONDS,  SUBJECT  TO  SUCH  AGREEMENTS  WITH
 BONDHOLDERS AS MAY THEN EXIST;
   (B) THE RENTALS, FEES AND OTHER CHARGES TO BE CHARGED, AND THE AMOUNTS
 TO  BE  RAISED  IN EACH YEAR THEREBY, AND THE USE AND DISPOSITION OF THE
 REVENUES;
   (C) THE SETTING ASIDE OF RESERVES OR SINKING FUNDS, AND THE REGULATION
 AND DISPOSITION THEREOF;
   (D) LIMITATIONS ON THE RIGHT OF THE AUTHORITY TO RESTRICT AND REGULATE
 THE USE OF A PROJECT;
   (E) LIMITATIONS ON THE PURPOSE TO WHICH THE PROCEEDS OF  SALE  OF  ANY
 ISSUE OF BONDS THEN OR THEREAFTER TO BE ISSUED MAY BE APPLIED AND PLEDG-
 ING  SUCH PROCEEDS TO SECURE THE PAYMENT OF THE BONDS OR OF ANY ISSUE OF
 THE BONDS;
   (F) LIMITATIONS ON THE ISSUANCE OF ADDITIONAL BONDS;  THE  TERMS  UPON
 WHICH  ADDITIONAL  BONDS  MAY  BE  ISSUED  AND SECURED; THE REFUNDING OF
 OUTSTANDING OR OTHER BONDS;
   (G) THE PROCEDURE, IF ANY, BY WHICH THE TERMS  OF  ANY  CONTRACT  WITH
 BONDHOLDERS MAY BE AMENDED OR ABROGATED, THE AMOUNT OF BONDS THE HOLDERS
 OF  WHICH MUST CONSENT THEREOF, AND THE MANNER IN WHICH SUCH CONSENT MAY
 BE GIVEN;
   (H) LIMITATIONS ON THE AMOUNT OF MONEYS DERIVED FROM A PROJECT  TO  BE
 EXPENDED FOR OPERATING, ADMINISTRATIVE OR OTHER EXPENSES OF THE AUTHORI-
 TY;
   (I) VESTING IN A TRUSTEE OR TRUSTEES SUCH PROPERTY, RIGHTS, POWERS AND
 DUTIES  IN TRUST AS THE AUTHORITY MAY DETERMINE WHICH MAY INCLUDE ANY OR
 ALL THE RIGHTS, POWERS AND DUTIES OF THE TRUSTEES APPOINTED BY THE BOND-
 HOLDERS PURSUANT TO SECTION FIFTEEN HUNDRED-P OF THIS TITLE, AND  LIMIT-
 ING  OR  ABROGATING  THE  RIGHT  OF THE BONDHOLDERS TO APPOINT A TRUSTEE
 UNDER SUCH SECTION OR LIMITING THE RIGHTS, DUTIES  AND  POWERS  OF  SUCH
 TRUSTEE;
   (J) ANY OTHER MATTERS OF LIKE OR DIFFERENT CHARACTER, WHICH IN ANY WAY
 AFFECT THE SECURITY OR PROTECTION OF THE BONDS.
   4.  IT  IS  THE  INTENTION HEREOF THAT ANY PLEDGE OF REVENUES OR OTHER
 MONEYS MADE BY THE AUTHORITY SHALL BE VALID AND BINDING  FROM  THE  TIME
 WHEN  THE  PLEDGE  IS MADE; THAT THE REVENUES OR OTHER MONEYS SO PLEDGED
 AND THEREAFTER RECEIVED BY THE AUTHORITY SHALL IMMEDIATELY BE SUBJECT TO
 THE LIEN OF SUCH PLEDGE WITHOUT ANY PHYSICAL DELIVERY THEREOF OR FURTHER
 ACT; AND THAT THE LIEN OF ANY SUCH PLEDGE SHALL BE VALID AND BINDING  AS
 AGAINST  ALL  PARTIES  HAVING  CLAIMS,  OF ANY KIND IN TORT, CONTRACT OR
 OTHERWISE AGAINST THE AUTHORITY IRRESPECTIVE  OF  WHETHER  SUCH  PARTIES
 HAVE  NOTICE THEREOF. NEITHER THE RESOLUTION NOR ANY OTHER INSTRUMENT BY
 WHICH A PLEDGE IS CREATED NEED BE RECORDED.
   5. NEITHER THE MEMBERS OF THE AUTHORITY NOR ANY PERSON  EXECUTING  THE
 BONDS  SHALL  BE  LIABLE  PERSONALLY  ON  THE BONDS OR BE SUBJECT TO ANY
 PERSONAL LIABILITY OR ACCOUNTABILITY BY REASON OF THE ISSUANCE THEREOF.
 A. 7281                             8

   6. THE AUTHORITY SHALL HAVE POWER OUT OF ANY FUNDS AVAILABLE  THEREFOR
 TO  PURCHASE BONDS. THE AUTHORITY MAY HOLD, CANCEL OR RESELL SUCH BONDS,
 SUBJECT TO AND IN ACCORDANCE WITH AGREEMENTS WITH BONDHOLDERS.
   7.  IN  THE DISCRETION OF THE AUTHORITY, THE BONDS MAY BE SECURED BY A
 TRUST INDENTURE BY AND BETWEEN THE AUTHORITY AND  A  CORPORATE  TRUSTEE,
 WHICH  MAY  BE  ANY  TRUST  COMPANY OR BANK HAVING THE POWERS OF A TRUST
 COMPANY IN THE STATE OF NEW YORK. SUCH TRUST INDENTURE MAY CONTAIN  SUCH
 PROVISIONS  FOR  PROTECTING AND ENFORCING THE RIGHTS AND REMEDIES OF THE
 BONDHOLDERS AS MAY BE REASONABLE AND PROPER AND NOT IN VIOLATION OF LAW,
 INCLUDING COVENANTS  SETTING  FORTH  THE  DUTIES  OF  THE  AUTHORITY  IN
 RELATION  TO THE CONSTRUCTION, MAINTENANCE, OPERATION, REPAIR AND INSUR-
 ANCE OF THE PROJECT OR PROJECTS AND THE CUSTODY, SAFEGUARDING AND APPLI-
 CATION OF ALL MONEYS, AND MAY PROVIDE THAT THE PROJECT OR PROJECTS SHALL
 BE CONSTRUCTED AND PAID  FOR  UNDER  THE  SUPERVISION  AND  APPROVAL  OF
 CONSULTING ENGINEERS.  NOTWITHSTANDING THE PROVISIONS OF SECTION FIFTEEN
 HUNDRED-H  OF THIS TITLE, THE AUTHORITY MAY PROVIDE BY SUCH TRUST INDEN-
 TURE FOR THE PAYMENT OF THE PROCEEDS OF THE BONDS AND  THE  REVENUES  OF
 THE  PROJECT  OR  PROJECTS  TO THE TRUSTEE UNDER SUCH TRUST INDENTURE OR
 OTHER DEPOSITORY, AND FOR THE METHOD OF DISBURSEMENT THEREOF, WITH  SUCH
 SAFEGUARDS  AND  RESTRICTIONS AS IT MAY DETERMINE. ALL EXPENSES INCURRED
 IN CARRYING OUT SUCH TRUST INDENTURE MAY BE TREATED AS  A  PART  OF  THE
 COST  OF MAINTENANCE, OPERATION, AND REPAIRS OF THE PROJECT OR PROJECTS.
 IF THE BONDS SHALL BE SECURED BY  A  TRUST  INDENTURE,  THE  BONDHOLDERS
 SHALL HAVE NO AUTHORITY TO APPOINT A SEPARATE TRUSTEE TO REPRESENT THEM,
 AND THE TRUSTEE UNDER SUCH TRUST INDENTURE SHALL HAVE AND POSSESS ALL OF
 THE  POWERS  WHICH  ARE  CONFERRED  BY SECTION FIFTEEN HUNDRED-P OF THIS
 TITLE UPON A TRUSTEE APPOINTED BY BONDHOLDERS.
   § 1500-J. NOTES OF THE AUTHORITY. THE AUTHORITY SHALL HAVE POWER  FROM
 TIME  TO  TIME  TO  ISSUE  NOTES  AND FROM TIME TO TIME TO ISSUE RENEWAL
 NOTES, HEREIN REFERRED TO AS NOTES, MATURING NOT LATER THAN  FIVE  YEARS
 FROM  THEIR  RESPECTIVE ORIGINAL DATES IN AN AMOUNT NOT EXCEEDING AT ANY
 TIME FIVE MILLION DOLLARS, OVER AND ABOVE THE AMOUNT OF BONDS AUTHORIZED
 BY SUBDIVISION ONE OF SECTION FIFTEEN HUNDRED-I OF THIS TITLE,  FOR  ANY
 PURPOSE OR PURPOSES FOR WHICH BONDS MAY BE ISSUED, WHENEVER THE AUTHORI-
 TY  SHALL  DETERMINE  THAT  PAYMENT THEREOF CAN BE MADE IN FULL FROM ANY
 MONEYS OR REVENUES WHICH THE  AUTHORITY  EXPECTS  TO  RECEIVE  FROM  ANY
 SOURCE.  SUCH  NOTES MAY, AMONG OTHER THINGS, BE ISSUED TO PROVIDE FUNDS
 TO PAY PRELIMINARY COSTS OF SURVEYS, PLANS OR OTHER MATTERS RELATING  TO
 ANY  PROPOSED PROJECT. THE AUTHORITY MAY PLEDGE SUCH MONEYS OR REVENUES,
 SUBJECT TO ANY OTHER PLEDGE THEREOF, FOR THE PAYMENT OF  THE  NOTES  AND
 MAY  IN  ADDITION  SECURE THE NOTES IN THE SAME MANNER AND WITH THE SAME
 EFFECT AS HEREIN PROVIDED FOR BONDS. THE NOTES SHALL BE  ISSUED  IN  THE
 SAME  MANNER  AS BONDS. THE AUTHORITY SHALL HAVE POWER TO MAKE CONTRACTS
 FOR THE FUTURE SALE FROM TIME  TO  TIME  OF  THE  NOTES,  BY  WHICH  THE
 PURCHASERS SHALL BE COMMITTED TO PURCHASE THE NOTES FROM TIME TO TIME ON
 TERMS  AND  CONDITIONS STATED IN SUCH CONTRACTS, AND THE AUTHORITY SHALL
 HAVE POWER TO PAY SUCH CONSIDERATION AS IT SHALL DEEM  PROPER  FOR  SUCH
 COMMITMENTS.  IN CASE OF DEFAULT ON ITS NOTES OR VIOLATION OF ANY OF THE
 OBLIGATIONS OF THE AUTHORITY TO THE NOTEHOLDERS, THE  NOTEHOLDERS  SHALL
 HAVE ALL THE REMEDIES PROVIDED HEREIN FOR BONDHOLDERS.
   §  1500-K. AGREEMENTS OF NEW YORK STATE. 1. THE STATE OF NEW YORK DOES
 PLEDGE TO AND AGREE WITH THE HOLDERS OF THE BONDS THAT  THE  STATE  WILL
 NOT LIMIT OR ALTER THE RIGHTS HEREBY VESTED IN THE AUTHORITY TO ACQUIRE,
 CONSTRUCT, MAINTAIN, RECONSTRUCT AND OPERATE THE PROJECT OR PROJECTS, TO
 ESTABLISH AND COLLECT RENTALS, FEES AND OTHER CHARGES AND TO FULFILL THE
 TERMS  OF  ANY  AGREEMENTS MADE WITH THE HOLDERS OF THE BONDS, OR IN ANY
 A. 7281                             9
 
 WAY IMPAIR THE RIGHTS AND REMEDIES OF THE BONDHOLDERS, UNTIL THE  BONDS,
 TOGETHER WITH INTEREST THEREON, WITH INTEREST ON ANY UNPAID INSTALLMENTS
 OF  INTEREST AND ALL COSTS AND EXPENSES IN CONNECTION WITH ANY ACTION OR
 PROCEEDING  BY  OR  ON  BEHALF  OF  THE  BONDHOLDERS,  ARE FULLY MET AND
 DISCHARGED.
   2. THE AUTHORITY IS HEREBY AUTHORIZED, IN ITS DISCRETION, FOR  AND  ON
 BEHALF  OF ITSELF AND THE CITY TO COVENANT AND AGREE WITH THE HOLDERS OF
 THE BONDS, WITH SUCH EXCEPTIONS AND LIMITATIONS AS IT MAY  DEEM  IN  THE
 PUBLIC  INTEREST, THAT NO PUBLIC PARKING AREAS EXCEPT THOSE ACQUIRED AND
 OPERATED BY THE AUTHORITY WILL BE CONSTRUCTED OR OPERATED IN THE CITY BY
 THE CITY, OR BY ANY PUBLIC BENEFIT OR OTHER CORPORATION THE  MEMBERS  OR
 SOME  OF  WHICH  ARE  ELECTED  OR ARE APPOINTED BY CITY OFFICIALS, UNTIL
 EITHER (A) THE BONDS, TOGETHER WITH INTEREST THEREON,  INTEREST  ON  ANY
 UNPAID INSTALLMENTS OF INTEREST AND ALL COSTS AND EXPENSES IN CONNECTION
 WITH  ANY  ACTION  OR  PROCEEDING BY OR ON BEHALF OF THE BONDHOLDERS ARE
 FULLY MET AND DISCHARGED OR (B) PRINCIPAL OR  INTEREST  OF  ANY  OF  THE
 BONDS  SHALL  BE OVERDUE AND UNPAID FOR A PERIOD OF THREE YEARS OR MORE,
 PROVIDED THAT NOTHING HEREIN CONTAINED SHALL BE  DEEMED  TO  IMPAIR  THE
 RIGHT  OF  THE  CITY TO INSTALL AND OPERATE PARKING METERS ON THE PUBLIC
 STREETS OF THE CITY.
   § 1500-L. STATE AND CITY NOT LIABLE ON  BONDS.  THE  BONDS  AND  OTHER
 OBLIGATIONS  OF  THE  AUTHORITY  SHALL NOT BE A DEBT OF THE STATE OF NEW
 YORK OR OF THE CITY, AND NEITHER THE STATE NOR THE CITY SHALL BE  LIABLE
 THEREON,  NOR SHALL THEY BE PAYABLE OUT OF ANY FUNDS OTHER THAN THOSE OF
 THE AUTHORITY.
   § 1500-M. BONDS LEGAL INVESTMENTS FOR PUBLIC OFFICERS. THE  BONDS  ARE
 HEREBY  MADE  SECURITIES IN WHICH ALL PUBLIC OFFICERS AND BODIES OF THIS
 STATE AND ALL MUNICIPALITIES AND MUNICIPAL SUBDIVISIONS,  ALL  INSURANCE
 COMPANIES  AND  ASSOCIATIONS  AND OTHER PERSONS CARRYING ON AN INSURANCE
 BUSINESS, ALL BANKS, BANKERS, TRUST COMPANIES, SAVINGS BANKS AND SAVINGS
 ASSOCIATIONS, INCLUDING SAVINGS AND LOAN ASSOCIATIONS, BUILDING AND LOAN
 ASSOCIATIONS, INVESTMENT COMPANIES AND OTHER PERSONS CARRYING ON A BANK-
 ING BUSINESS, AND ALL OTHER PERSONS  WHATSOEVER  EXCEPT  AS  HEREINAFTER
 PROVIDED,  WHO ARE NOW OR MAY HEREAFTER BE AUTHORIZED TO INVEST IN BONDS
 OR OTHER OBLIGATIONS OF THE STATE, MAY PROPERLY AND LEGALLY INVEST FUNDS
 INCLUDING CAPITAL IN THEIR CONTROL OR BELONGING TO THEM; PROVIDED  THAT,
 NOTWITHSTANDING  THE  PROVISIONS  OF ANY OTHER GENERAL OR SPECIAL LAW TO
 THE CONTRARY, SUCH BONDS SHALL NOT BE ELIGIBLE  FOR  THE  INVESTMENT  OF
 FUNDS,  INCLUDING CAPITAL, OF TRUSTS, ESTATES OR GUARDIANSHIPS UNDER THE
 CONTROL OF INDIVIDUAL ADMINISTRATORS, GUARDIANS, EXECUTORS, TRUSTEES AND
 OTHER INDIVIDUAL FIDUCIARIES. THE BONDS ARE ALSO HEREBY MADE  SECURITIES
 WHICH MAY BE DEPOSITED WITH AND SHALL BE RECEIVED BY ALL PUBLIC OFFICERS
 AND  BODIES  OF THIS STATE AND ALL MUNICIPALITIES AND MUNICIPAL SUBDIVI-
 SIONS FOR ANY PURPOSE FOR WHICH THE DEPOSIT  OF  BONDS  OR  OTHER  OBLI-
 GATIONS OF THIS STATE IS NOW OR MAY HEREAFTER BE AUTHORIZED.
   § 1500-N. TAX EXEMPTIONS. 1. IT IS HEREBY DETERMINED THAT THE CREATION
 OF  THE  AUTHORITY  AND THE CARRYING OUT OF ITS CORPORATE PURPOSES IS IN
 ALL RESPECTS FOR THE BENEFIT OF THE PEOPLE OF THE CITY AND ITS ENVIRONS,
 AND IS A PUBLIC PURPOSE, AND THE AUTHORITY SHALL BE REGARDED AS PERFORM-
 ING A GOVERNMENTAL FUNCTION IN THE EXERCISE OF THE POWERS CONFERRED UPON
 IT BY THIS TITLE AND SHALL BE REQUIRED TO PAY NO  TAXES  OR  ASSESSMENTS
 UPON  ANY  OF  THE  PROPERTY ACQUIRED BY IT OR UNDER ITS JURISDICTION OR
 CONTROL OR SUPERVISION OR UPON ITS ACTIVITIES.
   2. ANY BONDS OR NOTES ISSUED PURSUANT TO THIS TITLE, TOGETHER WITH THE
 INCOME THEREFROM, AS WELL AS THE PROPERTY OF  THE  AUTHORITY,  SHALL  BE
 A. 7281                            10
 
 EXEMPT  FROM  TAXATION,  EXCEPT  FOR  ESTATE  OR GIFT TAXES AND TAXES ON
 TRANSFERS.
   §  1500-O.  TAX CONTRACT BY THE STATE. THE STATE OF NEW YORK COVENANTS
 WITH THE PURCHASERS AND WITH ALL SUBSEQUENT HOLDERS AND  TRANSFEREES  OF
 BONDS  OR  NOTES  ISSUED  BY  THE  AUTHORITY  PURSUANT TO THIS TITLE, IN
 CONSIDERATION OF THE ACCEPTANCE OF AND PAYMENT FOR THE BONDS  OR  NOTES,
 THAT  THE BONDS AND NOTES OF THE AUTHORITY ISSUED PURSUANT TO THIS TITLE
 AND THE INCOME THEREFROM, AND ALL MONEYS, FUNDS AND REVENUES PLEDGED  TO
 PAY  OR  SECURE THE PAYMENT OF SUCH BONDS OR NOTES SHALL AT ALL TIMES BE
 FREE FROM TAXATION EXCEPT FOR ESTATE OR GIFT TAXES AND TAXES  ON  TRANS-
 FERS.
   §  1500-P. REMEDIES OF BONDHOLDERS. 1. IN THE EVENT THAT THE AUTHORITY
 SHALL DEFAULT IN THE PAYMENT OF PRINCIPAL OF OR INTEREST ON ANY ISSUE OF
 THE BONDS AFTER THE SAME SHALL BECOME DUE, WHETHER AT MATURITY  OR  UPON
 CALL  FOR  REDEMPTION,  AND  SUCH DEFAULT SHALL CONTINUE FOR A PERIOD OF
 THIRTY DAYS, OR IN THE EVENT THAT THE AUTHORITY SHALL FAIL OR REFUSE  TO
 COMPLY WITH THE PROVISIONS OF THIS TITLE, OR SHALL DEFAULT IN ANY AGREE-
 MENT  MADE  WITH  THE  HOLDERS OF ANY ISSUE OF THE BONDS, THE HOLDERS OF
 TWENTY-FIVE PER CENTUM IN AGGREGATE PRINCIPAL AMOUNT  OF  THE  BONDS  OF
 SUCH  ISSUE  THEN OUTSTANDING, BY INSTRUMENT OR INSTRUMENTS FILED IN THE
 OFFICE OF THE CLERK OF THE COUNTY OF ERIE AND PROVED OR ACKNOWLEDGED  IN
 THE  SAME  MANNER  AS  A  DEED  TO BE RECORDED, MAY APPOINT A TRUSTEE TO
 REPRESENT THE HOLDERS OF SUCH BONDS FOR THE PURPOSES HEREIN PROVIDED.
   2. SUCH TRUSTEE MAY, AND UPON WRITTEN REQUEST OF THE HOLDERS OF  TWEN-
 TY-FIVE  PER  CENTUM  IN PRINCIPAL AMOUNT OF SUCH BONDS THEN OUTSTANDING
 SHALL, IN SUCH TRUSTEE'S OWN NAME:
   (A) BY ACTION OR SPECIAL PROCEEDING ENFORCE ALL RIGHTS  OF  THE  BOND-
 HOLDERS,  INCLUDING THE RIGHT TO REQUIRE THE AUTHORITY TO COLLECT REVEN-
 UES ADEQUATE TO CARRY OUT BY ANY AGREEMENT AS TO,  OR  PLEDGE  OF,  SUCH
 REVENUES, AND TO REQUIRE THE AUTHORITY TO CARRY OUT ANY OTHER AGREEMENTS
 WITH  THE  HOLDERS  OF  SUCH  BONDS AND TO PERFORM ITS DUTIES UNDER THIS
 TITLE;
   (B) BRING SUIT UPON SUCH BONDS;
   (C) BY ACTION OR SPECIAL PROCEEDING, REQUIRE THE AUTHORITY TO  ACCOUNT
 AS  IF  IT  WERE THE TRUSTEE OF AN EXPRESS TRUST FOR THE HOLDERS OF SUCH
 BONDS;
   (D) BY ACTION OR SPECIAL PROCEEDING, ENJOIN ANY ACTS OR  THINGS  WHICH
 MAY  BE  UNLAWFUL  OR  IN VIOLATION OF THE RIGHTS OF THE HOLDERS OF SUCH
 BONDS;
   (E) DECLARE ALL SUCH BONDS DUE AND PAYABLE, AND IF ALL DEFAULTS  SHALL
 BE  MADE  GOOD  THEN  WITH THE CONSENT OF THE HOLDERS OF TWENTY-FIVE PER
 CENTUM OF THE PRINCIPAL AMOUNT OF SUCH BONDS THEN OUTSTANDING, TO  ANNUL
 SUCH DECLARATION AND ITS CONSEQUENCES.
   3.  THE  SUPREME  COURT SHALL HAVE JURISDICTION OF ANY SUIT, ACTION OR
 PROCEEDING BY THE TRUSTEE ON BEHALF OF BONDHOLDERS.  THE  VENUE  OF  ANY
 SUCH SUIT, ACTION OR PROCEEDING SHALL BE LAID IN THE COUNTY OF ERIE.
   4.  BEFORE  DECLARING THE PRINCIPAL OF ALL SUCH BONDS DUE AND PAYABLE,
 THE TRUSTEE SHALL FIRST GIVE THIRTY  DAYS'  NOTICE  IN  WRITING  TO  THE
 AUTHORITY.
   5.  ANY SUCH TRUSTEE, WHETHER OR NOT THE ISSUE OF BONDS REPRESENTED BY
 SUCH TRUSTEE HAS BEEN DECLARED DUE AND PAYABLE, SHALL BE ENTITLED AS  OF
 RIGHT  TO  THE  APPOINTMENT  OF  A  RECEIVER OF ANY PART OR PARTS OF THE
 PROJECT THE REVENUES OF WHICH ARE PLEDGED FOR THE SECURITY OF THE  BONDS
 OF  SUCH  ISSUE, AND SUCH RECEIVER MAY ENTER AND TAKE POSSESSION OF SUCH
 PART OR PARTS OF THE PROJECT AND, SUBJECT TO  ANY  PLEDGE  OR  AGREEMENT
 WITH BONDHOLDERS, SHALL TAKE POSSESSION OF ALL MONEYS AND OTHER PROPERTY
 A. 7281                            11
 
 DERIVED  FROM OR APPLICABLE TO THE ACQUISITION, CONSTRUCTION, OPERATION,
 MAINTENANCE AND RECONSTRUCTION OF SUCH PART OR PARTS OF THE PROJECT  AND
 PROCEED   WITH  THE  ACQUISITION  OF  ANY  NECESSARY  REAL  PROPERTY  IN
 CONNECTION  WITH  THE  PROJECT  THAT  THE  AUTHORITY  HAS  COVENANTED TO
 CONSTRUCT, AND WITH ANY CONSTRUCTION WHICH THE AUTHORITY IS UNDER  OBLI-
 GATION TO DO AND TO OPERATE, MAINTAIN AND RECONSTRUCT SUCH PART OR PARTS
 OF  THE  PROJECT AND COLLECT AND RECEIVE ALL REVENUES THEREAFTER ARISING
 THEREFROM SUBJECT TO ANY PLEDGE THEREOF OR  AGREEMENT  WITH  BONDHOLDERS
 RELATING  THERETO AND PERFORM THE PUBLIC DUTIES AND CARRY OUT THE AGREE-
 MENTS AND OBLIGATIONS OF THE AUTHORITY UNDER THE DIRECTION OF THE COURT.
 IN ANY SUIT, ACTION OR PROCEEDING BY THE TRUSTEE, THE FEE, COUNSEL  FEES
 AND  EXPENSES  OF THE TRUSTEE AND OF THE RECEIVER, IF ANY, SHALL CONSTI-
 TUTE TAXABLE DISBURSEMENTS AND ALL COSTS AND  DISBURSEMENTS  ALLOWED  BY
 THE  COURT  SHALL  BE  A  FIRST CHARGE ON ANY REVENUES DERIVED FROM SUCH
 PROJECT.
   6. SUCH TRUSTEE SHALL, IN ADDITION TO THE FOREGOING, HAVE AND  POSSESS
 ALL OF THE POWERS NECESSARY OR APPROPRIATE FOR THE EXERCISE OF ANY FUNC-
 TIONS SPECIFICALLY SET FORTH HEREIN OR INCIDENT TO THE GENERAL REPRESEN-
 TATION OF BONDHOLDERS IN THE ENFORCEMENT AND PROTECTION OF THEIR RIGHTS.
   §  1500-Q.  ACTIONS  AGAINST THE AUTHORITY. 1. IN EVERY ACTION AGAINST
 THE AUTHORITY FOR DAMAGES, FOR INJURIES TO REAL OR PERSONAL PROPERTY, OR
 FOR THE DESTRUCTION THEREOF, OR FOR  PERSONAL  INJURIES  OR  DEATH,  THE
 COMPLAINT  SHALL  CONTAIN  AN  ALLEGATION THAT AT LEAST NINETY DAYS HAVE
 ELAPSED SINCE THE DEMAND, CLAIM OR CLAIMS  UPON  WHICH  SUCH  ACTION  IS
 FOUNDED  WERE  PRESENTED  TO A MEMBER OF THE AUTHORITY, OR TO ITS SECRE-
 TARY, OR TO ITS CHIEF EXECUTIVE  OFFICER  AND  THAT  THE  AUTHORITY  HAS
 NEGLECTED OR REFUSED TO MAKE AN ADJUSTMENT OR PAYMENT THEREOF FOR NINETY
 DAYS AFTER SUCH PRESENTMENT.
   2.  EXCEPT  IN  AN  ACTION  FOR  WRONGFUL DEATH, AN ACTION AGAINST THE
 AUTHORITY FOR DAMAGES FOR INJURIES TO REAL OR PERSONAL PROPERTY, OR  FOR
 THE  DESTRUCTION THEREOF, OR FOR PERSONAL INJURIES, ALLEGED TO HAVE BEEN
 SUSTAINED, SHALL NOT BE COMMENCED MORE THAN ONE  YEAR  AND  NINETY  DAYS
 AFTER  THE  CAUSE  OF  ACTION  THEREFOR SHALL HAVE ACCRUED, NOR UNLESS A
 NOTICE OF CLAIM SHALL HAVE BEEN SERVED ON THE AUTHORITY WITHIN THE  TIME
 LIMIT ESTABLISHED BY, AND IN COMPLIANCE WITH ALL REQUIREMENTS OF SECTION
 FIFTY-E  OF  THE  GENERAL MUNICIPAL LAW. AN ACTION AGAINST THE AUTHORITY
 FOR WRONGFUL DEATH SHALL BE COMMENCED IN ACCORDANCE WITH THE  NOTICE  OF
 CLAIM  AND TIME LIMITATION PROVISIONS OF TITLE ELEVEN OF ARTICLE NINE OF
 THIS CHAPTER.
   § 1500-R. DEFENSE AND INDEMNIFICATION. THE AUTHORITY SHALL NOT EXECUTE
 ANY OF ITS POWERS, EXCEPT AS NECESSARY TO COMMENCE ITS CORPORATE  EXIST-
 ENCE,  UNTIL  THE  AUTHORITY  CONFERS UPON ITS MEMBERS THE PROVISIONS OF
 SECTION EIGHTEEN OF THE PUBLIC OFFICERS LAW, PURSUANT TO SUBDIVISION TWO
 OF SUCH SECTION; PROVIDED, HOWEVER, THAT NOTHING CONTAINED  WITHIN  THIS
 SECTION SHALL BE DEEMED TO PERMIT THE AUTHORITY TO EXTEND THE PROVISIONS
 OF  SECTION  EIGHTEEN  OF  THE  PUBLIC OFFICERS LAW UPON ANY INDEPENDENT
 CONTRACTOR.
   § 1500-S. CODE OF ETHICS.  1.  AS  USED  IN  THIS  SECTION,  THE  TERM
 "AUTHORITY  EMPLOYEE"  SHALL MEAN ANY MEMBER, OFFICER OR EMPLOYEE OF THE
 AUTHORITY.
   2. NO AUTHORITY EMPLOYEE SHALL HAVE ANY INTEREST, FINANCIAL OR  OTHER-
 WISE,  DIRECT  OR  INDIRECT, OR ENGAGE IN ANY BUSINESS OR TRANSACTION OR
 PROFESSIONAL ACTIVITY OR INCUR ANY OBLIGATION OF ANY NATURE, WHICH IS IN
 SUBSTANTIAL CONFLICT WITH THE PROPER DISCHARGE OF SUCH AUTHORITY EMPLOY-
 EE'S DUTIES IN THE PUBLIC INTEREST.
 A. 7281                            12
 
   3. (A) NO AUTHORITY EMPLOYEE SHALL ACCEPT OTHER EMPLOYMENT, WHICH WILL
 IMPAIR SUCH AUTHORITY EMPLOYEE'S INDEPENDENCE OF JUDGMENT IN  THE  EXER-
 CISE OF SUCH EMPLOYEE'S OFFICIAL DUTIES.
   (B)  NO  AUTHORITY  EMPLOYEE  SHALL ACCEPT EMPLOYMENT OR ENGAGE IN ANY
 BUSINESS OR PROFESSIONAL ACTIVITY WHICH WILL  REQUIRE  THE  EMPLOYEE  TO
 DISCLOSE  CONFIDENTIAL  INFORMATION  WHICH  SUCH  EMPLOYEE HAS GAINED BY
 REASON OF THEIR OFFICIAL POSITION OR AUTHORITY.
   (C) NO AUTHORITY  EMPLOYEE  SHALL  DISCLOSE  CONFIDENTIAL  INFORMATION
 ACQUIRED  BY  THE  EMPLOYEE  IN  THE  COURSE OF SUCH EMPLOYEE'S OFFICIAL
 DUTIES NOR USE SUCH INFORMATION TO FURTHER ANY PERSONAL INTERESTS.
   (D) NO AUTHORITY EMPLOYEE SHALL USE OR ATTEMPT TO USE SUCH  EMPLOYEE'S
 OFFICIAL  POSITION  TO  SECURE  UNWARRANTED PRIVILEGES OR EXEMPTIONS FOR
 PERSONAL GAIN OR THE PERSONAL GAIN OF OTHERS.
   (E) NO AUTHORITY EMPLOYEE SHALL ENGAGE IN ANY TRANSACTION AS REPRESEN-
 TATIVE OR AGENT OF THE AUTHORITY WITH ANY BUSINESS ENTITY IN WHICH  SUCH
 EMPLOYEE  HAS A DIRECT OR INDIRECT FINANCIAL INTEREST THAT MIGHT REASON-
 ABLY TEND TO CONFLICT WITH THE PROPER DISCHARGE OF SUCH EMPLOYEE'S OFFI-
 CIAL DUTIES.
   (F) AN AUTHORITY EMPLOYEE SHALL NOT BY SUCH  EMPLOYEE'S  CONDUCT  GIVE
 REASONABLE  BASIS  FOR  THE  IMPRESSION  THAT  ANY PERSON CAN IMPROPERLY
 INFLUENCE SUCH EMPLOYEE OR UNDULY ENJOY SUCH  EMPLOYEE'S  FAVOR  IN  THE
 PERFORMANCE  OF THEIR OFFICIAL DUTIES, OR THAT SUCH EMPLOYEE IS AFFECTED
 BY THE KINSHIP, RANK, POSITION OR INFLUENCE OF ANY PARTY OR PERSON.
   (G) AN AUTHORITY EMPLOYEE SHALL ABSTAIN FROM MAKING  PERSONAL  INVEST-
 MENTS IN ENTERPRISES WHICH SUCH AUTHORITY EMPLOYEE HAS REASON TO BELIEVE
 MAY  BE  DIRECTLY  INVOLVED  IN  DECISIONS TO BE MADE BY THE EMPLOYEE OR
 WHICH WILL OTHERWISE CREATE SUBSTANTIAL CONFLICT BETWEEN SUCH EMPLOYEE'S
 DUTY IN THE PUBLIC INTEREST AND THEIR PRIVATE INTEREST.
   (H) AN AUTHORITY EMPLOYEE SHALL ENDEAVOR TO PURSUE A COURSE OF CONDUCT
 WHICH WILL NOT RAISE SUSPICION AMONG THE PUBLIC THAT  SUCH  EMPLOYEE  IS
 LIKELY TO BE ENGAGED IN ACTS THAT ARE IN VIOLATION OF PUBLIC TRUST.
   (I)  NO AUTHORITY EMPLOYEE WHO IS EMPLOYED ON A FULL-TIME BASIS BY ANY
 FIRM, COMPANY, OR ASSOCIATION, IS A MEMBER OF  SUCH  FIRM,  COMPANY  OR,
 ASSOCIATION,  OR  OWNS  OR  CONTROLS,  DIRECTLY  OR  INDIRECTLY, A LARGE
 PORTION OF STOCK OF SUCH FIRM, COMPANY, OR ASSOCIATION WHICH SELLS GOODS
 OR SERVICES SHALL SELL SUCH GOODS  OR  SERVICES  TO  ANY  PERSON,  FIRM,
 CORPORATION OR ASSOCIATION WHICH IS LICENSED OR WHOSE RATES ARE FIXED BY
 THE AUTHORITY IN WHICH SUCH EMPLOYEE SERVES OR IS EMPLOYED.
   (J)  IF  ANY  AUTHORITY  EMPLOYEE  SHALL  HAVE ANY FINANCIAL INTEREST,
 DIRECT OR INDIRECT, HAVING A VALUE OF TEN THOUSAND DOLLARS  OR  MORE  IN
 ANY  ACTIVITY WHICH IS SUBJECT TO THE JURISDICTION OF A REGULATORY AGEN-
 CY, SUCH AUTHORITY EMPLOYEE SHALL FILE WITH THE  SECRETARY  OF  STATE  A
 WRITTEN  STATEMENT  THAT  SUCH EMPLOYEE HAS SUCH A FINANCIAL INTEREST IN
 SUCH ACTIVITY. SUCH STATEMENT SHALL BE OPEN TO PUBLIC INSPECTION.
   4. IN ADDITION TO OTHER APPLICABLE LAW,  ANY  AUTHORITY  EMPLOYEE  WHO
 SHALL  KNOWINGLY AND INTENTIONALLY VIOLATE ANY OF THE PROVISIONS OF THIS
 SECTION MAY BE FINED, SUSPENDED, OR REMOVED FROM OFFICE OR EMPLOYMENT.
   § 1500-T. CONTRACTING FOR MUNICIPAL SERVICES. IN ADDITION TO ANY OTHER
 GENERAL OR SPECIAL POWERS VESTED IN PUBLIC BENEFIT CORPORATIONS FOR  THE
 PERFORMANCE  OF THEIR RESPECTIVE FUNCTIONS, POWERS OR DUTIES ON AN INDI-
 VIDUAL, COOPERATIVE, JOINT, OR CONTRACT BASIS, THE AUTHORITY SHALL  HAVE
 POWER  TO  ENTER  INTO, AMEND, CANCEL, AND TERMINATE AGREEMENTS WITH THE
 CITY OF BUFFALO FOR THE PROVISION AND  REIMBURSEMENT  OF  SERVICES.  ANY
 AGREEMENT  ENTERED  INTO HEREUNDER SHALL BE SUBJECT TO PRIOR APPROVAL OF
 THE COMMON COUNCIL OF THE CITY OF BUFFALO AND THE AUTHORITY BY A MAJORI-
 TY VOTE OF THE VOTING STRENGTH OF ITS GOVERNING BODY.
 A. 7281                            13
 
   § 1500-U. TERMINATION OF AUTHORITY. WHENEVER ALL BONDS OR NOTES ISSUED
 BY THE AUTHORITY SHALL HAVE BEEN REDEEMED OR CANCELLED, AND  ALL  TRANS-
 ACTIONS,  DEBT, AND SUCH OTHER OBLIGATIONS HAVE BEEN SATISFIED OR OTHER-
 WISE TERMINATED, THE AGENCY SHALL CEASE TO EXIST AND ALL RIGHTS, TITLES,
 INTEREST,  AND  ASSETS  THEREOF  VESTED IN OR POSSESSED BY THE AUTHORITY
 SHALL THEREUPON VEST IN AND BE POSSESSED BY THE CITY OF BUFFALO.
   § 1500-V. TITLE NOT AFFECTED IF IN PART UNCONSTITUTIONAL  OR  INEFFEC-
 TIVE.  IF ANY SECTION, CLAUSE OR PROVISION OF THIS TITLE SHALL BE UNCON-
 STITUTIONAL OR BE INEFFECTIVE IN WHOLE OR IN PART, TO THE EXTENT THAT IT
 IS  NOT UNCONSTITUTIONAL OR INEFFECTIVE, IT SHALL BE VALID AND EFFECTIVE
 AND NO OTHER SECTION, CLAUSE OR PROVISION SHALL ON  ACCOUNT  THEREOF  BE
 DEEMED INVALID OR INEFFECTIVE.
   § 1500-W. INCONSISTENT PROVISIONS IN OTHER ACTS SUPERSEDED. INSOFAR AS
 THE PROVISIONS OF THIS TITLE ARE INCONSISTENT WITH THE PROVISIONS OF ANY
 OTHER  ACT,  GENERAL  OR  SPECIAL,  OR OF ANY LOCAL LAW OF THE CITY, THE
 PROVISIONS OF THIS TITLE SHALL BE CONTROLLING.
   § 2. This act shall take effect on the one hundred eightieth day after
 it shall have become a law. Effective immediately, the addition,  amend-
 ment and/or repeal of any rule or regulation necessary for the implemen-
 tation  of  this act on its effective date are authorized to be made and
 completed on or before such effective date.