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This entry was published on 2014-09-22
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SECTION 2053-D
Transfer of property to authority; acquisition of property by county for authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 13-M
§ 2053-d. Transfer of property to authority; acquisition of property
by county for authority. 1. 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 and duties 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, subject to the provisions of
section two thousand fifty-three-f of this title, as the authority and
the county or other municipality may agree.

2. Notwithstanding the provisions of any other law, general, special
or local, real property acquired by the authority, subject to the
provisions of section two thousand fifty-three-f of this title, or the
county from the state may be used for any corporate purpose of the
authority.