§ 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.