LegalFix

1199-FF*2 - Appropriations for Purposes of the Authority; Transfer of Property to Authority; Acquisition of Property by the County for Authority; Contracts With C

NY Pub Auth L § 1199-FF-2 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

* § 1199-ff. Appropriations for purposes of the authority; transfer of property to authority; acquisition of property by the county for authority; contracts with county. 1. In addition to any powers granted to it by law, the county legislature may, from time to time, appropriate by resolution sums of money for purposes of the authority to defray project costs or any other costs and expenses of the authority or to pay amounts payable or anticipated to be payable to the authority pursuant to any contract authorized by this title. Subject to the rights of bondholders, the county legislature 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. In the event there shall remain at the end of any fiscal year of the county an unexpended balance of any such appropriation, such unexpended balance shall remain on deposit in the fund or account and such appropriation shall not lapse.

2. The county or any other municipality may give, grant, sell, convey, loan, license the use of or lease to the authority any properties which are useful to the authority in order to carry out its powers under this title. Any such transfer of property shall be for such term and 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, including provision for the authority to assume the primary responsibility for the payment of any bonds or notes issued by the county or such other municipality for such properties.

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.

5. The county, one or more of the municipalities within the county, the district, and the authority shall have the power to contract, from time to time, between or among themselves, in relation to the purchase, sale and transmission of water, which contracts may include any or all of the following provisions: (a) requiring the purchase by the county, any such municipality or the district of specified amounts of water; (b) requiring the authority to reserve capacity in its water facility to assure the availability to the county, any such municipality or the district of a specified amount of water; (c) providing for specified minimum periodic payments whether or not water is actually taken and used, subject to such limitations, exceptions and provisions therein; (d) requiring the county, any such municipality or the district to pay to the authority such amounts as shall be necessary to assure the continued operation of the authority; and (e) requiring any such municipality to pay to the county such amount as shall be necessary to assure that the periodic payments by the county to the authority will not result in an undue burden upon the residents of the county. All such payments shall be determined and paid in such manner and at such times as may be provided in such contracts.

6. Any gift, grant, sale, conveyance, loan or contract authorized by this section may be made or entered into by the county and any other municipality without a public hearing being first held therein and no such gift, grant, sale, conveyance, loan or contract shall be subject to referendum, permissive or otherwise.

* NB There are 2 § 1199-ff's

LegalFix

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.

We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.
1199-FF*2 - Appropriations for Purposes of the Authority; Transfer of Property to Authority; Acquisition of Property by the County for Authority; Contracts With C