§ 1149-E — Advances on behalf of the authority; transfer of property to the authority; acquisition of property by county for authority

New York § 1149-E

• Jurisdiction: New York
• Law PBA: Public Authorities
• Title 6-E: Seneca County Water and Sewer Authority
• Art. 5: Public Utility Authorities

Text

§ 1149-e. Advances on behalf of the authority; transfer of property to\nthe authority; acquisition of property by county for authority. 1. In\naddition to any powers granted to it by law, the county from time to\ntime may appropriate sums of money, after approval by the board of\nsupervisors, to or on behalf of the authority to defray project costs or\nany other costs and expenses of the authority. Subject to the rights of\nbondholders, the county at the time of the appropriation shall determine\nif the moneys so appropriated shall be subject to repayment by the\nauthority to the county and, in such event, the manner and time or times\nfor such repayment.\n 2. The county or any other municipality may give, grant, sell, convey,\nloan, license the use of or lease to the authority any property or\nfacility which is useful to the authority in order to carry out its\npowers under this title. Any such transfer of property shall be upon\nsuch terms and conditions, subject to the rights of the holders of any\nbonds, as the authority and the county or other municipality may agree.\n 3. The county may acquire by purchase or by exercise of the power of\neminent domain real property in the name of the county for any corporate\npurpose of the authority.\n 4. Notwithstanding the provisions of any other law, general, special\nor local to the contrary, real property acquired by the authority or the\ncounty from the state may be used for any corporate purpose of the\nauthority.\n