(b) (1) A plan may be approved by the county legislature by a majority vote of the members. If the plan is not voted on within ninety days of its submission to the legislature, it shall be deemed approved; provided, however, that the legislature may agree to extend the time period in which it must vote on the plan.

(2) If the plan is not approved, the authority may thereafter reformulate and resubmit for approval such plan at any time. If the reformulated plan is not voted on within forty-five days of its submission to the legislature, it shall be deemed approved; provided, however, that the legislature may agree to extend the time period in which it must vote on the reformulated plan.

(c) The authority may from time to time submit to the county amendments or modifications to the plan. If the amendments or modifications are not voted on within forty-five days of its submission to the legislature, it shall be deemed approved; provided, however, that the legislature may agree to extend the time period in which it must vote on the amended or modified plan. 4. The disapproval of a plan by the county legislature shall not affect: (a) the right of the authority to issue bonds or notes to finance a capital project which was initiated prior to such disapproval in conformity with a previously approved plan; (b) the right of the authority to issue its bonds, notes, lease, sublease or other contractual obligations in payment for a project initiated prior to such disapproval in conformity with a previously approved plan; (c) the right of the authority to issue bonds or notes to refund or otherwise repay any of its outstanding bonds or notes or to fulfill any of their obligations to the holders of any of their outstanding bonds or notes; or (d) the right of the authority to issue its bonds, notes, lease, sublease or other contractual obligations to refund or otherwise repay any of its outstanding bonds or notes or to fulfill any of its obligations to the holders of any of its outstanding bonds or notes.