S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10862
 
                           I N  A S S E M B L Y
 
                               July 24, 2020
                                ___________
 
 Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Magnarelli)
   -- read once and referred to the Committee on  Corporations,  Authori-
   ties and Commissions
 
 AN ACT to amend the public authorities law, in relation to extending the
   term of existence of the city of Syracuse parking authority
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 1475-c of the  public  authorities
 law,  as added by chapter 477 of the laws of 2003, is amended to read as
 follows:
   1. A board to be known as "city  of  Syracuse  parking  authority"  is
 hereby  created.  Such  board  shall be a body corporate, constituting a
 public benefit corporation, and its existence shall  commence  upon  the
 appointment of the members as provided in this section. It shall consist
 of  a  chair and four other members, who shall be appointed by the mayor
 of the city. Of the 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, and one for a period of
 five 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 or  her  successor.
 Vacancies  in  such  board occurring otherwise than by the expiration of
 term shall be filled for the unexpired term. The members  of  the  board
 shall  choose  from their number a vice chair and may choose a secretary
 and treasurer who need not be members. The mayor may remove  any  member
 of  the  board  for neglect of duty or misconduct in office, giving such
 member a copy of the charges against him or her and  an  opportunity  of
 being  heard  in  person,  or by counsel, in his or her 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 their official duties.  The powers of the authority shall
 be  vested  in  and exercised by a majority of the members of the board.
 Such board may delegate to one or more of its members or  to  its  offi-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

                       [ ] is old law to be omitted.
                                                            LBD16904-01-0

 A. 10862                            2
 
 cers, agents and employees such powers and duties as it may deem proper.
 Such  board and its corporate existence shall continue only for a period
 of [fifteen] THIRTY-TWO years, and thereafter until all its  liabilities
 have  been  met and its bonds have been paid in full or such liabilities
 or bonds have otherwise been discharged. Upon its ceasing to exist,  all
 its rights and properties shall pass to the city.
   § 2. This act shall take effect immediately.