New York Laws
Title 33 - New York City Transitional Finance Authority
2799-SS - Additional Bonds of the Authority.

§ 2799-ss. Additional bonds of the authority. Notwithstanding any
provision of this title or of any other law to the contrary, the
authority is hereby authorized to issue bonds, notes or other
obligations in addition to those authorized by section twenty-seven
hundred ninety-nine-gg of this title in an amount outstanding of up to
two billion five hundred million dollars to pay all costs in the city's
budget (whether or not included or includable in the city's capital
budget) which are, in the judgment of the mayor, related to or arising
from the terrorist attack on New York city that occurred on September
eleventh, two thousand one. In addition to or in lieu of any revenues or
other money that may be paid or payable to the authority, such bonds,
notes or other obligations may be secured by and payable from the
proceeds of other bonds, notes or other obligations of the authority or
federal or state aid related to or arising from the terrorist attack on
New York city that occurred on September eleventh, two thousand one. In
addition, the authority may issue bonds, notes or other obligations
without limitations as to amount, secured solely by and payable solely
from such federal or state aid. The city, acting through the mayor, is
hereby authorized to assign the right to receive any such federal or
state aid to the authority and, after such assignment, the right to
receive such aid shall be the property of the authority. Bonds issued
pursuant to this section shall have a maximum maturity of up to thirty
years.