Legislation
SECTION 2508-A
Certain property acquired by authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 25
* § 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.
* NB (Discontinued-Board of Directors never appointed)
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.
* NB (Discontinued-Board of Directors never appointed)