S T A T E   O F   N E W   Y O R K
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                                  7452

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              May 12, 2015
                               ___________

Introduced by M. of A. JAFFEE -- read once and referred to the Committee
  on Corporations, Authorities and Commissions

AN  ACT  to amend the public authorities law, in relation to the village
  of Nyack parking authority

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section 1622-c of the public authorities law, as added by
chapter 489 of the laws of 1991, is amended to read as follows:
  S 1622-c. Village of Nyack parking authority. A board to be  known  as
"Village of Nyack parking authority" is hereby created. Such board shall
be  a  body  corporate and politic, constituting a public benefit corpo-
ration, and its existence shall commence upon  the  appointment  of  the
members  as  herein  provided.  It  shall consist of a chairman and four
other members, all of whom shall be appointed  by  the  mayor  with  the
approval of the board of trustees of the village. The appointment of the
chairman  shall  be for a term of five years. Of the other members first
appointed, one shall be appointed for a period of one year,  one  for  a
period  of  two years, one for a period of three years, one for a period
of four years. At the expiration of such terms, the terms of  office  of
their  successors  shall  be  five  years. Each member shall continue to
serve until the appointment and qualification of his  successor.  Vacan-
cies  in  such  board occurring otherwise than by the expiration of such
term, shall be filled for the unexpired term. The members of  the  board
shall  choose  from their number a vice-chairman and such other officers
deemed desirable by the board. The board  of  trustees  may  remove  any
member  of  the board for inefficiency, neglect of duty or misconduct in
office, giving him a copy of the charges against him and an  opportunity
of  being  heard  in person, or by counsel, in his defense upon not less
than ten days' notice. The members of the board shall be entitled to  no
compensation  for  their services but shall be entitled to reimbursement
for their actual and necessary expenses incurred in the  performance  of

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10872-01-5
              

A. 7452                             2

their  official  duties.  The powers of the authority shall be vested in
and exercised by a majority of the members of the board then in  office.
Such  board  may  delegate to one or more of its members or to its offi-
cers, agents and employees such powers and duties as it may deem proper.
Such  board and its corporate existence shall continue only to the thir-
ty-first day of December, twenty hundred [fifteen] TWENTY, and thereaft-
er until all its liabilities and duties have been met and its bonds  and
notes  have  been paid in full or such liabilities, bonds and notes have
otherwise been discharged. Upon its ceasing to exist, all its rights and
properties shall pass to the village.
  S 2. This act shall take effect immediately.