N.Y. Public Authorities Law § 2461: Legislative findings

* § 2461. Legislative findings. It is hereby found, determined and

declared that there is an immediate need to promote the further

development of recreational opportunities in the state by facilitating

the acquisition, construction and rehabilitation of sports complexes,

stadiums, arenas and related facilities for the holding of professional

and amateur athletic events; to provide a means to attract and locate

major professional team franchises in the state. It is further declared

it is desirable that a state sports authority be created for the purpose

of providing and maintaining such sports facilities and the creation and

maintenance of facilities incidental or useful in the operation of

sports facilities. It is hereby further declared that the corporate

purposes and powers conferred under this title and the expenditure of

public moneys pursuant thereto constitute a serving of a valid public

purpose.

* NB (Disbanded March, 1980)