§ 2435-A — Special program agreements

§ 2435-a. Special program agreements. (1) In order to fulfill the\npurposes of this title and to provide a means by which the special\nprogram municipalities may (a) receive moneys to refund certain property\ntaxes determined to be in excess of state constitutional tax limits or\nto reimburse the special program municipalities for the prior refunding\nof such taxes or (b) receive moneys to be applied to the cost of\nsettling litigation involving the city school districts of special\nprogram municipalities and the teachers' unions in such special program\nmunicipalities, or (c) receive moneys for the financing of public\nimprovements to be applied to the cost of the reconstruction,\nrehabilitation or renovation of an educational facility pursuant to the\nprovisions of subdivision (b) of section sixteen of chapter six hundred\nfive of the laws of two thousand, or (d) receive moneys for the\nfinancing of public improvements to be applied to the cost of a project\nfor design, reconstruction or rehabilitation of a school building\npursuant to the provisions of section fourteen of the city of Syracuse\nand the board of education of the city school district of the city of\nSyracuse cooperative school reconstruction act, or (e) receive moneys\nfor the financing of public improvements to be applied to the cost of a\nproject for design, reconstruction or rehabilitation of a school\nbuilding, or the construction of a new school building, pursuant to the\nprovisions of section twelve of the Yonkers city school district joint\nschools construction and modernization act, and notwithstanding any\ngeneral or special law to the contrary, the agency and each special\nprogram municipality are hereby authorized to enter into one or more\nspecial program agreements, which special program agreements shall,\nconsistent with the provisions of this title, contain such terms,\nprovisions and conditions as, in the judgment of the agency, shall be\nnecessary or desirable. Each special program agreement shall specify the\namount to be made available to the respective special program\nmunicipality from the proceeds of an issue of special program bonds and\nshall require such special program municipality, subject to\nappropriation by the appropriate legislative body of such special\nprogram municipality, to make payments to the agency in the amounts and\nat the times determined by the agency to be necessary to provide for\npayment of such issue of special program bonds and such other fees,\ncharges, costs and other amounts as the agency shall in its judgment\ndetermine to be necessary or desirable.\n (2) Any special program agreement entered into pursuant to subdivision\none of this section shall provide that the obligation of the special\nprogram municipality executing such special program agreement to fund or\npay the amounts therein provided for shall not constitute a debt of such\nspecial program municipality within the meaning of any constitutional or\nstatutory provision and shall be deemed executory only to the extent of\nmoneys available and that no liability shall be incurred by such special\nprogram municipality beyond the moneys available for the purpose, and\nthat such obligation is subject to annual appropriation by the\nappropriate legislative body of such special program municipality.\n