N.Y. Public Authorities Law Section 733
Funds of the authority

Notwithstanding the reconstitution and continuation of the Ogdensburg bridge authority and the abolition of the Ogdensburg port authority, effectuated by this title, or any other provision of this chapter, moneys constituting the fund or funds of either the Ogdensburg bridge authority or the Ogdensburg port authority may be merged for the payment of debts and obligations, but separate accounting records shall be maintained. Notwithstanding any other provision of law, and except as hereinafter provided in § 1387 (Special port development and improvement powers)section thirteen hundred eighty-seven of this chapter, all moneys hereafter received by the Ogdensburg bridge and port authority pursuant to the provisions of title eight of article 3 (Bridge and Tunnel Authorities)article three of this chapter, and all moneys hereafter received pursuant to the provisions of title three of article 6 (Port Authorities)article six of this chapter, may be merged for the payment of debts and obligations, but separate accounting records shall be maintained. Notwithstanding the provisions of this section, titles eight and nine of article three and title three of article six or any other provisions of this chapter, any moneys in either the “Ogdensburg bridge fund” or the “Ogdensburg port fund” not necessary or required for cash expenditures, as may be determined and certified from time to time by the state director of the budget, shall, in amounts also to be determined and certified by him, be available for and may be loaned to or from either of the funds above mentioned. Amounts so loaned between such funds shall be repaid without interest into the fund from which each such loan was made.

Source: Section 733 — Funds of the authority, https://www.­nysenate.­gov/legislation/laws/PBA/733 (updated Sep. 22, 2014; accessed May 4, 2024).

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Accessed:
May 4, 2024

Last modified:
Sep. 22, 2014

§ 733’s source at nysenate​.gov

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