New York Laws
Title 15 - Auburn Industrial Development Authority
2311 - Compensation, Procurement and Investment.

§ 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 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.

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