Legislation
SECTION 2051-D
Transfer of property to authority; acquisition of property by county for authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 13-I
§ 2051-d. Transfer of property to authority; acquisition of property
by county for authority. 1. 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.
2. Notwithstanding the provisions of any other law, general, special
or local, real property acquired by the authority or the county from the
state may be used for any corporate purpose of the authority.
by county for authority. 1. 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.
2. Notwithstanding the provisions of any other law, general, special
or local, real property acquired by the authority or the county from the
state may be used for any corporate purpose of the authority.