N.Y. Transportation Law 473 – Powers and duties of municipalities
* § 473. Powers and duties of municipalities. A municipality is hereby authorized:
Terms Used In N.Y. Transportation Law 473
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Municipality: shall mean a city; a county not wholly contained within a city; a town; a village; a public benefit corporation or other public authority or corporation, or two or more of the foregoing acting jointly. See N.Y. Transportation Law 471
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Transportation infrastructure project: shall mean a project undertaken with funds provided in whole or in part by the Transportation Infrastructure Bond Act of 2000, for those transportation programs set forth in paragraphs (a) and (b) of subdivision two of section four hundred seventy of this article. See N.Y. Transportation Law 471
1. To undertake and carry out any municipal transportation infrastructure project for which state assistance is received or is to be received pursuant to this article.
2. To expend money received from the state together with other moneys available to it for costs incurred for any such project.
3. To contract with any person, firm, corporation or agency, either governmental or private, for the purpose of accomplishing the purposes of this article.
4. To apply for and receive moneys of the state, federal and local governments and other public or private sources for the purpose of accomplishing projects undertaken or to be undertaken pursuant to this article.
5. To perform such other and further acts as may be necessary, proper or desirable in order to carry out municipal transportation infrastructure projects or any obligation, duty or function relating thereto.
* NB Not effective due to defeat of the Transportation Bond Act of 2000