Public Authorities Law § 1955-a · Title 11. Troy Industrial Development Authority
Compensation procurement and investment
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
§ 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.
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/PBA1955-A
- Text hash
- sha256 d9a28aaf7a13d3f0cf3eaedbe335122b05dd36b2e4be8016c38bd8bf25d5cbaa
- 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.