Establishes the city of Buffalo parking authority; provides for its powers, duties and obligations.
The bill establishes the city of Buffalo parking authority, a public benefit corporation, to construct, operate, and maintain public parking projects in the city. The authority can acquire, construct, and operate parking projects, issue bonds, and collect fees. It can also enter into contracts with the city for property and services. The authority is exempt from taxes, except for estate or gift taxes and taxes on transfers. The state of New York pledges to not limit the authority's rights to acquire, construct, maintain, and operate projects.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.