N.Y. Public Authorities Law § 2799-ss: Additional bonds of the authority

§ 2799-ss. Additional bonds of the authority. Notwithstanding any

provision of this title or of any other law to the contrary, the

authority is hereby authorized to issue bonds, notes or other

obligations in addition to those authorized by section twenty-seven

hundred ninety-nine-gg of this title in an amount outstanding of up to

two billion five hundred million dollars to pay all costs in the city's

budget (whether or not included or includable in the city's capital

budget) which are, in the judgment of the mayor, related to or arising

from the terrorist attack on New York city that occurred on September

eleventh, two thousand one. In addition to or in lieu of any revenues or

other money that may be paid or payable to the authority, such bonds,

notes or other obligations may be secured by and payable from the

proceeds of other bonds, notes or other obligations of the authority or

federal or state aid related to or arising from the terrorist attack on

New York city that occurred on September eleventh, two thousand one. In

addition, the authority may issue bonds, notes or other obligations

without limitations as to amount, secured solely by and payable solely

from such federal or state aid. The city, acting through the mayor, is

hereby authorized to assign the right to receive any such federal or

state aid to the authority and, after such assignment, the right to

receive such aid shall be the property of the authority. Bonds issued

pursuant to this section shall have a maximum maturity of up to thirty

years.