Public Authorities Law § 2618 · Title 28. New York State Olympic Regional Development Authority
Property and income of the authority
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
§ 2618. Property and income of the authority. 1. The property of the authority and its income and operations shall be exempt from assessments of every kind and nature.
2. The authority may receive, accept, invest, administer, expend and disburse for its corporate purposes appropriations from the state and the park district, and other revenues and moneys made available or to be made available to it from any or all sources public or private.
3. Any such moneys of the authority not required for immediate use may, at the discretion of the authority, be invested pursuant to the provisions of section ninety-eight-a of the state finance law.
4. The authority shall accept from the New York state urban development corporation, created by chapter one hundred seventy-four of the laws of nineteen hundred sixty-eight, constituting the New York state urban development corporation act, all of the personal property acquired by it from Lake Placid nineteen hundred eighty Olympic Organizing Games, Inc.
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/PBA2618
- Text hash
- sha256 03627f0ccdd07f7552490b77eb580489ce9775ce1e3a2b465faff59da29e265e
- 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
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