# N.Y. PBA Law § 1383-A: Sale or lease of industrial projects

> New York · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1383-A

## Section

- **Citation:** N.Y. PBA Law § 1383-A
- **Heading:** Sale or lease of industrial projects
- **Jurisdiction:** New York
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** New York Code / Act PBA / Article 6 / Title 3 / Section 1383-A

## Text

§ 1383-a. Sale or lease of industrial projects. Notwithstanding the\nprovisions of any general, special or local law, subject to any\nagreement with noteholders or bondholders, the authority may sell or\nlease any industrial project, without public bidding or public sale, for\nsuch price or rental and upon such terms as may be agreed upon between\nthe authority and such purchaser or lessee, either prior to, at the date\nof, or subsequent to the completion of the industrial project by the\nauthority, provided, however, that in the case of a lease, the term\nthereof shall not exceed thirty years. Where such contract for sale or\nlease is entered into after the commencement of construction and prior\nto the physical completion of the improvement to be conveyed or leased,\nthe authority may complete the construction and development of such\nimprovement prior to the actual conveyance or lease.\n

## Nearby sections

- [N.Y. PBA Law § 1375 Short title](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1375.md)
- [N.Y. PBA Law § 1376 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1376.md)
- [N.Y. PBA Law § 1377 Ogdensburg and Waddington port districts](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1377.md)
- [N.Y. PBA Law § 1378 Ogdensburg port authority](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1378.md)
- [N.Y. PBA Law § 1379 Purposes and powers of the authority](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1379.md)
- [N.Y. PBA Law § 1380 Orders, service thereof, and penalties](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1380.md)
- [N.Y. PBA Law § 1381 Investigations](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1381.md)
- [N.Y. PBA Law § 1382 Real estate and title thereto](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1382.md)
- [N.Y. PBA Law § 1383 Grants from commissioner of general services](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1383.md)
- [N.Y. PBA Law § 1383-A Sale or lease of industrial projects](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1383-A.md)
- [N.Y. PBA Law § 1384 Right of entry upon streets](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1384.md)
- [N.Y. PBA Law § 1385 Contracts; manner of letting](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1385.md)
- [N.Y. PBA Law § 1386 Fiscal year](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1386.md)
- [N.Y. PBA Law § 1387 Special port development and improvement powers](https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1387.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NY_APBA_A6_T3_S1383-A. Check the current official text before relying on it. Not legal advice.