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Public Authorities Law § 2606 · Title 28. New York State Olympic Regional Development Authority

Legislative findings

Verbatim from the official edition

Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)

§ 2606. Legislative findings. It is hereby found, determined and declared that there is an immediate need to institute a comprehensive, coordinated program of activities utilizing the olympic facilities in and around Lake Placid, New York, in order to insure optimum year-round use and enjoyment of these facilities to the economic and social benefit of the olympic region and to minimize the financial burden on the state and local governments in the maintenance and operation of these facilities by means of maximizing revenue opportunities for their support; and to take advantage of the opportunity to improve the physical fitness and athletic and recreational education of the people of this state and the United States by assisting in the use and maintenance of these facilities. It is further declared to be desirable to create a state olympic regional development authority to operate, manage and maintain the olympic facilities, develop, implement and supervise the professional management necessary for such a comprehensive, coordinated program and for the management, promotion, scheduling and conduct of an integrated, year-round program and a wide range of national and international athletic training and competitive opportunities and other activities which can effectively utilize the available facilities. The authority shall carry out its purposes and responsibilities and utilize the facilities through agreements with state and local agencies which have jurisdiction over the various olympic facilities in the olympic region. It is further declared to be desirable that the authority develop, construct, operate, manage and maintain facilities, or participate therein, for the training and housing of amateur athletes in connection with the United States olympic committee's training center program and the authority's conduct of national and international sports events. It is further declared that the authority shall be created as a public benefit corporation and that the corporate programs and powers conferred under this title and the expenditures of public moneys pursuant thereto are in furtherance of serving a valid public interest and public purpose.

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/PBA2606
Text hash
sha256 4dab0887cbd9592c23d6cfa0a615046d9e67482575e20677b6622892823906e6
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.