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2019 New York Laws
GMU - General Municipal
Article 15-A - Municipal Urban Renewal Agencies, Organization and Powers
558 - Authority of Agency; Other Terms and Contracts.

Universal Citation: NY Gen Mun L § 558 (2019)
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§  558.  Authority of agency; other terms and contracts.  1. An agency
  is authorized to enter into agreement with the  state  to  receive  such
  state  capital  grants  to assist such agency to establish and carry out
  one or more programs of urban renewal.

2. In every contract for a  capital  grant  by  the  state,  the  acts
  constituting  a  substantial  breach of the provisions set forth therein
  shall be defined in such terms as the commissioner shall deem to  be  in
  the  public  interest  and as are consistent with the provisions of this
  article and the purposes of the program for which such aid is sought.

3. Every such contract may contain such  other  terms,  covenants  and
  conditions  as  shall  be  agreed  upon  and  as are consistent with the
  provisions of this  article  and  the  purposes  of  the  urban  renewal
  program.

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