Legislation
SECTION 1500-U
Termination of authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 7, TITLE 5
§ 1500-u. Termination of authority. Whenever all bonds or notes issued
by the authority shall have been redeemed or cancelled, and all
transactions, debt, and such other obligations have been satisfied or
otherwise terminated, the agency shall cease to exist and all rights,
titles, interest, and assets thereof vested in or possessed by the
authority shall thereupon vest in and be possessed by the city of
Buffalo.
by the authority shall have been redeemed or cancelled, and all
transactions, debt, and such other obligations have been satisfied or
otherwise terminated, the agency shall cease to exist and all rights,
titles, interest, and assets thereof vested in or possessed by the
authority shall thereupon vest in and be possessed by the city of
Buffalo.