No._2014-F1 2014-F1

11/5/14 N.Y. St. Reg. No. 2014-F1

NEW YORK STATE REGISTER

VOLUME XXXVI, ISSUE 44

November 05, 2014

OPINIONS OF THE ATTORNEY GENERAL

 

2014-F1

Not-For-Profit Corporation Law § 1411; General Municipal Law art. 18-A, §§ 852, 854(4), 854(7), 854(14), 854(15), 856(2), 858, 858(4), 858(9), 858(10), 858(11); Public Authorities Law §§ 1020-f(o), 1020-I, 1974(12)

An industrial development agency (IDA) is not authorized to create a subsidiary in order to fulfill its designated function or to provide grants or loans from its own moneys to public or private interests. September 9, 2014