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  • SECTION 1966
    Actions against the authority
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  • TITLE 11
    Troy Industrial Development Authority
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  • SECTION 1967-A
    Equal opportunity
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    SECTION 1967

    Termination of the authority

    Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 11

    § 1967. Termination of the authority. Whenever all of the bonds issued
    by the authority shall have been redeemed or cancelled, and all
    straight-lease transactions have been terminated, the authority shall
    cease to exist and all rights, titles, and interest and all obligations
    and liabilities thereof vested in or possessed by the authority shall
    thereupon vest in and be possessed by the city of Troy.