Legislation

Search OpenLegislation Statutes
This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 1199-FFF
Advances on behalf of the authority; transfer of property to the authority; acquisition of property by the county for authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 8-F
§ 1199-fff. Advances on behalf of the authority; transfer of property
to the authority; acquisition of property by the county for authority.
1. In addition to any powers granted to it by law, the county from time
to time may appropriate sums of money to or on behalf of the authority
to defray project costs or any other costs and expenses of the
authority. Subject to the rights of bondholders, the moneys so
appropriated shall be subject to repayment by the authority to the
county in such manner and at such time or times as set by the county for
such repayment.

2. 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.

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.