2012 New York Consolidated Laws
PBA - Public Authorities
Article 10-D - MISCELLANEOUS AUTHORITIES
Title 3 - (3950 - 3973) ERIE COUNTY FISCAL STABILITY AUTHORITY
3960 - Additional provisions.

 
    § 3960. Additional provisions. 1. Notwithstanding any provision to the
  contrary in title six-A of article two of the local finance law, neither
  the  county  nor  any  covered  organization  shall  file  any  petition
  authorized by such title six-A without the approval of the authority and
  the state comptroller. No such petition shall be filed as  long  as  any
  bonds,  notes  or  other  obligations  issued  by  the  authority remain
  outstanding. Failure of the authority or the state comptroller to notify
  the county or  a  covered  organization  within  thirty  days  (or  such
  additional  time,  not  exceeding thirty days, as the authority or state
  comptroller shall have notified the county or covered organization  that
  it requires to complete its review) after submission to it of a petition
  shall  be  deemed  to constitute authority or state comptroller approval
  thereof.
    2. Nothing contained in this title shall limit the right of the county
  or any covered  organization  to  comply  with  the  provisions  of  any
  existing contract within or for the benefit of the holders of any bonds,
  notes or other obligations of the county or such covered organization.
    3.  Nothing  contained  in  this title shall be construed to limit the
  power of the county or a covered organization to determine, from time to
  time, within  available  funds  for  the  county  or  for  such  covered
  organization,  the purposes for which expenditures are to be made by the
  county  or  such  covered  organization  and   the   amounts   of   such
  expenditures,  consistent with the aggregate expenditures then permitted
  under the financial plan for the county or such covered organization.
    4. The authority's fiscal year shall be January first through December
  thirty-first.
    5. The authority shall adopt guidelines for procurement  contracts  in
  accordance  with  section  twenty-eight  hundred  seventy-nine  of  this
  chapter.
    6. Nothing contained in this  title  shall  alter,  limit,  modify  or
  impair  the  right  of any school district or any city, town, or village
  within the county  to  receive  from  the  county  net  collections,  as
  authorized  by section twelve hundred sixty-two of the tax law, from the
  county's sales and  compensating  use  taxes  imposed  pursuant  to  the
  authority  of  subpart  B  of part one of article twenty-nine of the tax
  law.