§ 3652. Nassau county interim finance authority. 1. There is hereby
created the Nassau county interim finance authority. The authority shall
be a corporate governmental agency and instrumentality of the state
constituting a public benefit corporation.

2. In accordance with the provisions of this title, the authority may
issue bonds only to finance costs, including the refunding of bonds
issued by the authority to finance costs, and fund reserves to secure
such bonds.

3. The authority shall continue until its oversight, control or other
responsibilities, and its liabilities have been met or otherwise
discharged. Upon the termination of the existence of the authority, all
of its rights and property shall pass to and be vested in the county.