Legislation
SECTION 1475-T
Termination of the authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 7, TITLE 4
§ 1475-t. Termination of the authority. Whenever all of the bonds
issued by the authority shall have been redeemed or cancelled, the
authority shall cease to exist and all rights, titles, and interest and
all obligations and liabilities thereof vested in or possessed by the
authority shall thereupon vest in and be possessed by the city.
issued by the authority shall have been redeemed or cancelled, the
authority shall cease to exist and all rights, titles, and interest and
all obligations and liabilities thereof vested in or possessed by the
authority shall thereupon vest in and be possessed by the city.