New York § 1199-E Advances on behalf of the authority; transfer of property to authority; acquisition of property by county for authority

New York Statutes

§ 1199-E — Advances on behalf of the authority; transfer of property to authority; acquisition of property by county for authority

New York § 1199-E

Law PBAPublic Authorities

Title 8-DRensselaer County Water and Sewer Authority

Art. 5Public Utility Authorities

This text of New York § 1199-E (Advances on behalf of the authority; transfer of property to authority; acquisition of property by county for authority) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Public Authorities § 1199-E (2026).

Text

§ 1199-e. Advances on behalf of the authority; transfer of property to\nauthority; 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 to or on behalf of the authority to\ndefray project costs or any other costs and expenses of the authority.\nSubject to the rights of bondholders, the county may determine if the\nmoneys so appropriated shall be subject to repayment by the authority to\nthe county and, in such event, the manner and time or times for such\nrepayment.\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

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§ 1199-e. Advances on behalf of the authority; transfer of property to\nauthority; 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 to or on behalf of the authority to\ndefray project costs or any other costs and expenses of the authority.\nSubject to the rights of bondholders, the county may determine if the\nmoneys so appropriated shall be subject to repayment by the authority to\nthe county and, in such event, the manner and time or times for such\nrepayment.\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