N.Y. Public Authorities Law Section 2311
Compensation, procurement and investment

1.

The compensation of an officer or full-time employee of the authority (but not including part-time employees or consultants, including accountants, attorneys and bond counsel to the authority) shall not be contingent on the granting of financial assistance by the authority.

2.

The provisions of General Municipal Law § 104-B (Procurement policies and procedures)section one hundred four-b of the general municipal law shall be applicable to the procurement of goods and services paid for by the authority for its own use and account.

3.

The provisions of sections ten and eleven of the general municipal law shall be applicable to deposits and investments of funds for an agency’s own use and account.

Source: Section 2311 — Compensation, procurement and investment, https://www.nysenate.gov/legislation/laws/PBA/2311 (updated Sep. 22, 2014; accessed Apr. 27, 2024).

2300
Short title 2302
Definitions 2304
Auburn industrial development authority 2305
Video recordings of open meetings and public hearings 2306
Purpose and powers of the authority 2307
Additional prerequisites to the provision of financial assistance 2308
Civil service status of officers and employees 2309
Conflicts of interest 2310
Conveyance of property by the city to the authority and conveyance and leasing of said property by the authority 2311
Compensation, procurement and investment 2312
Construction and purchase contracts 2314
Moneys of the authority 2315
Uniform tax exemption policy 2316
Bonds of the authority 2318
Notes of the authority 2320
Agreements of the city and state 2322
State and city not liable on bonds 2324
Bonds as legal investments 2326
Tax exemptions 2326‑A
Special provisions applicable to state sales and compensating use taxes and certain types of facilities 2327
Financial records 2328
Tax contract by the state 2329
Equal opportunity 2330
Remedies of bondholders 2332
Actions against the authority 2333
Limitation of liability 2334
Termination of the authority 2336
Title not affected if in part unconstitutional or ineffective 2338
Inconsistent provisions in other acts superseded

Accessed:
Apr. 27, 2024

Last modified:
Sep. 22, 2014

§ 2311’s source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._public_authorities_law_section_2311

Original Source: Section 2311 — Compensation, procurement and investment, https://www.nysenate.gov/legislation/laws/PBA/2311 (last accessed Aug. 20, 2023).