Skip to main content
Find a Lawyer

New York Consolidated Laws, Public Authorities Law - PBA § 904. Projects of the authority

Current as of January 01, 2026 | Updated by Findlaw Staff

1. The authority shall undertake projects as authorized in this section upon a finding by the governing body of the authority that such project:

(a) is consistent with a local or regional strategic plan for economic development;

(b) will create or retain permanent, full-time private sector jobs in the service area or will result in a significant increase in business activity in such area;  and

(c) complements existing and planned private sector investment in the service area and in proximity to the proposed project site.

2. The authority is authorized to apply for and accept funds from local, regional and state economic development agencies and public authorities.

3. If, at the end of five years, starting from the date that this title becomes effective, no projects have been adopted by the authority as determined by a public vote on such project, and no bonds for any project have been sold, this authority shall cease to exist.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - New York Consolidated Laws, Public Authorities Law - PBA § 904. Projects of the authority - last updated January 01, 2026 | https://codes.findlaw.com/ny/public-authorities-law/pba-sect-904/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard