Section 2050-P. Contracts  


Latest version.
  • All contracts or orders, for work, material or
      supplies performed or furnished in connection with  construction,  shall
      be  awarded  by  the agency pursuant to resolution of the governing body
      except as hereinafter provided. Such awards, when applicable,  shall  be
      made  in  compliance  with  the general municipal law. Prior to entering
      into any contract, the agency shall seek the  opinion  of  the  attorney
      general with respect to conformance of such contract with the anti-trust
      laws,  and of the comptroller with respect to conformance to the general
      municipal law. The agency may execute any contract  within  thirty  days
      after such opinions are sought, whether nor not they have been received.
      In  any  construction contract, the agency may provide a program for the
      payment of damages for delays and incentive awards in order to encourage
      timely project completion. An action, suit or proceeding contesting  the
      validity of a contract awarded pursuant to this section, or the validity
      of  the  procedures  relating  to  such  award, shall be governed by the
      provisions of subdivision six of section one  hundred  twenty-w  of  the
      general  municipal  law  and  the  term  "municipality"  as used in such
      subdivision six shall mean the agency.