Public Authorities Law § 1225-c · Title 9-A. Transit Construction Fund
Transit construction fund
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
§ 1225-c. Transit construction fund. (a) There is hereby created the transit construction fund. The fund is a corporate governmental agency constituting a public benefit corporation. It has the powers and privileges of a corporation and all of its business shall be transacted, all funds invested, all warrants for money drawn and payments made, and all cash and securities and other personal property held under its corporate name.
(b) The fund shall continue until all its liabilities have been met or otherwise discharged and until its existence shall have been terminated by law. Upon the termination of the existence of the fund, all of its rights and property shall pass to and be vested in the city.
Source of truth
- Edition
- Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PBA1225-C
- Text hash
- sha256 b97494cc475ce615c7f3e2af26aeb43114b318c7234c84e350cd9f6815a5615e
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.