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  • SECTION 2508-A
    Certain property acquired by authority
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  • TITLE 25
    New York City Sports Authority
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  • SECTION 2509
    Bond and note authorization
    • Viewing most recent revision (from 2014-09-22)

    SECTION 2508-B

    Payments to the city

    Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 25

    * § 2508-b. Payments to the city. Notwithstanding any provision of
    law, the authority may with respect to any sports facility provide in
    any lease or sublease that rental payments to the authority made
    pursuant to such lease or sublease shall include an amount which the
    authority shall pay to the city which shall constitute a payment in lieu
    of taxes with respect to such sports facility.

    * NB (Discontinued-Board of Directors never appointed)