ยง 858-a. Compensation, procurement and investment. 1. The compensation
of an officer or full-time employee of the agency (but not including
part-time employees or consultants, including accountants, attorneys and
bond counsel to the agency) shall not be contingent on the granting of
financial assistance by an agency.
2. The provisions of section one hundred four-b of this chapter shall
be applicable to the procurement of goods and services paid for by an
agency for its own use and account.
3. The provisions of sections ten and eleven of this chapter shall be
applicable to deposits and investments of funds for an agency's own use
and account.
Structure New York Laws
Article 18-A - Industrial Development
Title 1 - Agencies, Organization and Powers
852 - Policy and Purposes of Article.
856 - Organization of Industrial Development Agencies.
857 - Video Recordings of Open Meetings and Public Hearings.
858 - Purposes and Powers of the Agency.
858-A - Compensation, Procurement and Investment.
858-B - Equal Employment Opportunities.
859-A - Additional Prerequisites to the Provisions of Financial Assistance.
862 - Restrictions on Funds of the Agency.
868 - Agreements of the Municipality and State.
870 - State and Municipality Not Liable on Bonds or Notes.
872 - Bonds and Notes as Legal Investment.
876 - Tax Contract by the State.
878 - Remedies of Bondholders and Noteholders.
880 - Actions Against the Agency.
882 - Termination of the Agency.
886 - Title Not Affected if in Part Unconstitutional or Ineffective.