ยง 1955-a. 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 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.
Structure New York Laws
Article 8 - Miscellaneous Authorities
Title 11 - Troy Industrial Development Authority
1952 - Troy Industrial Development Authority.
1952-A - Video Recordings of Open Meetings and Public Hearings.
1953 - Purpose and Powers of the Authority.
1953-A - Additional Prerequisites to the Provision of Financial Assistance.
1954 - Civil Service Status of Officers and Employees.
1954-A - Conflicts of Interest.
1955-A - Compensation Procurement and Investment.
1956 - Construction and Purchase Contracts.
1957 - Moneys of the Authority.
1958 - Bonds of the Authority.
1959 - Notes of the Authority.
1960 - Agreements of the City and State.
1961 - State and City Not Liable on Bonds.
1962 - Bonds Legal Investments for Public Officers.
1963-A - Uniform Tax Exemption Policy.
1964 - Tax Contract by the State.
1965 - Remedies of Bondholders.
1966 - Actions Against the Authority.
1967 - Termination of the Authority.
1968 - Title Not Affected if in Part Unconstitutional or Ineffective.