2006 New York Code - Advances On Behalf Of Authority; Transfer Of Property To Authority; Acquisition Of Property For Authority.

 
    §  2049-dd.  Advances  on behalf of authority; transfer of property to
  authority; acquisition of property for authority. 1. In addition to  any
  powers  granted  to it by law, the legislative body of the counties may,
  from time to time, appropriate by resolution sums  of  money  to  defray
  project  costs or any other costs and expenses of the authority. Subject
  to the rights of bondholders, each such legislative body  may  determine
  if  the  moneys  so  appropriated  shall  be subject to repayment by the
  authority to any such county and, in such event, the manner and time  or
  times for such repayment.
    2.  The  counties  or  any  other  municipality  within  the  area  of
  operation, may give, grant, sell, convey, loan, license the  use  of  or
  lease  to  the  authority  any  property  or facility which is useful in
  connection with the exercise by the authority of its powers  under  this
  title.  Any  such  gift, grant, sale, conveyance, loan, license or lease
  shall be for such consideration, be  upon  such  terms  and  conditions,
  subject  to the rights of the holders of any bonds, as the authority and
  such county or other municipality may  agree.  Any  such  gifts,  grant,
  sale,  conveyance,  loan  or license shall not be subject to referendum,
  permissive or mandatory. The authority, in furtherance of any  purchase,
  conveyance or lease of any property or facility from any county or other
  municipality,  may  assume the primary responsibility for the payment of
  the principal and interest on any bonds or notes issued by  such  county
  or  other  municipality  for  such property or facility. For purposes of
  section 136.00 of the local finance law, any agreement by the  authority
  to  assume  the  primary responsibility for the payment of the principal
  and interest on any bonds or notes issued by any such  county  or  other
  municipality  shall,  so  long  as  such  agreement shall continue to be
  honored by the authority, cause such bonds or notes to be deemed to have
  been refunded and any such county or other municipality may deduct  from
  its  gross indebtedness any outstanding indebtedness contracted for such
  property or facility to be acquired by the authority.
    3. The counties may acquire by purchase or condemnation real  property
  in  the name of such counties or county for any corporate purpose of the
  authority.
    4. Notwithstanding the provisions of any other law,  general,  special
  or  local,  real property acquired by the authority or the counties from
  the state may be used for any corporate purpose of the authority.