§ 72-l. Navigation and flood control improvements in cooperation with
the federal government. Any municipal corporation acting through its
governing board or other appropriate authority may; (1) cooperate with
the federal government as authorized in the rivers and harbors
improvements act of March second, nineteen hundred forty-five, and any
federal laws amendatory and supplemental thereto in connection with
works of improvement for navigation and flood control or the
improvement, development, dredging, utilization or control of the
watersheds and waterways within their boundaries; (2) contribute up to
one-half of the cost of such improvements as provided under such federal
laws and provide the funds required therefor by the use of any surplus
moneys or budget funds available for such improvements or may provide
same pursuant to the provisions of the local finance law; (3) furnish
free of cost to the United States all lands, easements, rights of way
and spoil disposal areas for new work, dredged materials and subsequent
maintenance as required under such federal laws, and acquire the
necessary real property for such purpose in accordance with the
provisions of any appropriate general, special or local law applicable
to the acquisition of real property by such municipal corporation; (4)
contract with the federal government including (a) agreements to hold
and save the United States free from claims for damages resulting from
the execution and maintenance of such improvements, and (b) such other
provisions, covenants and conditions as the federal agency may require
for effectuating the federal purposes; (5) (a) apply for and accept
grants or other financial assistance, under existing laws, from the
state or county and (b) make agreements to hold and save such state and
county free from claims for damages resulting from the execution and
maintenance of such improvements and (c) such other provisions,
covenants and conditions as the state or county may require for
effectuating such purposes.