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New York · Through 2026-09-11

N.Y. Public Authorities Law § 3054: Administration of the corporation

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Where this section sits in the code
  1. Public Authorities Law
  2. Article 10. New York State Municipal Assistance Corporation Act
  3. Title 4. Municipal Assistance Corporation For the City of Troy

§ 3054. Administration of the corporation. The corporation shall be

administered by a board of directors, consisting of seven directors,

none of whom shall be officers or employees of the federal government or

of the state or political subdivisions thereof. Five of the directors

shall be appointed by the governor. One of the directors shall be

appointed by the majority leader of the senate and one of the directors

shall be appointed by the speaker of the assembly. Each of the members

of the board of directors shall serve at the pleasure of the appointed

official. Directors of the corporation may also be members of the

supervisory board created for the city of Troy pursuant to section ten

of chapter seven hundred twenty-one of the laws of nineteen hundred

ninety-four, as amended from time to time. The corporation shall have

the power to make and execute contracts to pay the expenses of operation

of the supervisory board for the city of Troy, within the appropriation

available therefor.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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