(b) Except as provided in paragraph (a) of this subdivision, the agency and its corporate existence shall continue until terminated by law, provided, however, that no such law shall take effect so long as the agency shall have bonds or other obligations outstanding unless adequate provision has been made for the payment or satisfaction thereof. Upon termination of the existence of the agency, all of the rights and properties of the agency then remaining shall pass to and vest in the county. 5. In addition to any powers granted to it by law, the county legislature from time to time may appropriate by resolution sums of money to defray project costs or any other costs and expenses of the agency, to be incurred prior to the first issuance of bonds. Subject to the rights of bondholders, the county legislature may determine if the moneys so appropriated shall be subject to repayment by the agency to the county and, in such event, the manner and time or times for such repayment. 6. The agency shall not be deemed a successor in interest to the Onondaga county solid waste disposal authority for any purpose whatsoever. In the event that the county acquires any property from such authority and thereafter transfers such property to the agency, the agency shall not by reason of receiving such property become obligated for any indebtedness or liability of such authority. The agency, upon a determination that it is in the public interest, may assume and pay any compromised or settled claim against such authority which shall be outstanding as of the date of the first issuance of bonds. Nothing in this title shall be construed to require the agency to assume any liability of such authority. 7. It is hereby determined and declared, that the agency and the carrying out of its powers and duties are in all respects for the benefit of the people of the county and the state of New York for the improvement of their health, welfare and prosperity and that such purposes are public purposes and that the agency is and will be performing an essential governmental function in the exercise of the powers conferred upon it by this title.