Statute · New York Public Authorities Law
N.Y. Pub. Auth. Law § 1500-u — Termination of authority
N.Y. Pub. Auth. Law § 1500-u
- Type
- Statute
- Source
- New York Public Authorities Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 1500-u. Termination of authority. Whenever all bonds or notes issued by the authority shall have been redeemed or cancelled, and all transactions, debt, and such other obligations have been satisfied or otherwise terminated, the agency shall cease to exist and all rights, titles, interest, and…
Citator
N.Y. Pub. Auth. Law § 1500-u — Termination of authority is in force in the current edition of the Code, and nothing recorded condemns it.
§ 1500-u. Termination of authority. Whenever all bonds or notes issued by the authority shall have been redeemed or cancelled, and all transactions, debt, and such other obligations have been satisfied or otherwise 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.