New York Statutes

§ 14-A — Special provisions relating to municipal facilities

New York·Law FDC Facilities Development Corporation Act 359/68

§ 14-a. Special provisions relating to municipal facilities.

1.The\ncorporation is authorized to enter into an agreement with a municipality\nfor the design, construction, reconstruction, rehabilitation and\nimprovement for such municipality of a municipal building or buildings\nat the sole cost and expense of such municipality. The corporation shall\nenter into an agreement with a municipality prior to the commencement of\nany corporation services. No agreement entered into between the\nfacilities development corporation and a municipality pursuant to this\nsection shall be effective until the director of the budget has\ndetermined that the total estimated charge to be collected by the\ncorporation from the municipality is fair and reasonable in relationship\nto the estimated total pro

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