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This entry was published on 2014-09-22
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SECTION 1199-FFFF
Advances on behalf of the authority; transfer of property to the authority; acquisition of property by county for authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 8-G
* § 1199-ffff. Advances on behalf of the authority; transfer of
property to the authority; acquisition of property by county for
authority. 1. In addition to any powers granted to it by law, the county
from time to time may appropriate sums of money, after approval by the
county legislature, to or on behalf of the authority to defray project
costs or any other costs and expenses of the authority. Subject to the
rights of bondholders, the county may determine if the moneys so
appropriated shall be subject to repayment by the authority to the
county and, in such event, the manner and time or times for such
repayment.

2. The county or any other municipality may give, grant, sell, convey,
loan, license the use of or lease to the authority any property or
facility which is useful to the authority in order to carry out its
powers under this title. Any such transfer of property shall be upon
such terms and conditions, subject to the rights of the holders of any
bonds, as the authority and the county or other municipality may agree.

3. The county may acquire by purchase or by exercise of the power of
eminent domain real property in the name of the county for any corporate
purpose of the authority.

4. Notwithstanding the provisions of any other law, general, special
or local to the contrary, real property acquired by the authority or the
county from the state may be used for any corporate purpose of the
authority.

* NB There are 2 § 1199-ffff's