N.Y. General Municipal Law § 911-a: Suffolk county industrial development agency

* § 911-a. Suffolk county industrial development agency. 1. For the

benefit of Suffolk county and the inhabitants thereof, an industrial

development agency, to be known as the SUFFOLK COUNTY INDUSTRIAL

DEVELOPMENT AGENCY, is hereby established for the accomplishment of any

or all of the purposes specified in title one of article eighteen-A of

this chapter. It shall constitute a body corporate and politic, and be

perpetual in duration. It shall have the powers and duties now or

hereafter conferred by title one of article eighteen-A of this chapter

upon industrial development agencies and provided that the exercise of

the powers by such agency with respect to the acquisition of real

property whether by purchase, condemnation or otherwise, shall be

limited to the corporate limits of the county of Suffolk, and such

agency shall be subject to the local town and village zoning and

planning regulations and take into consideration the regional and local

comprehensive land use plans. It shall be organized in a manner

prescribed by and be subject to the provisions of title one of article

eighteen-A of this chapter. Its members shall be appointed by the

governing body of the county of Suffolk. The agency, its members,

officers and employees and its operations and activities, except as

provided specifically herein, shall in all respects be governed by the

provisions of title one of article eighteen-A of this chapter.

2. In addition to the powers and duties now or hereafter conferred by

title one of article eighteen-A of this chapter, the agency shall have

the power (i) to acquire a lease-hold interest in, to reconstruct,

construct additions to, own, maintain, equip and to lease or sell its

interest in the sewer system or any part thereof for the collection,

conveyance, treatment and disposal of sewage of the Southwest sewer

district of the county of Suffolk, which may include any or all right,

title and interest of the county of Suffolk, or of the Southwest sewer

district of said county, in and to any land and rights in land, any

buildings, structures and improvements now or at any time hereafter

erected or constructed upon such land or rights in land, any fixtures

attached thereto, and any personal property of any kind and description,

whether the same is a structural or nonstructural component, and any

alterations, replacements, additions or substitutions for any of the

foregoing, and (ii) to finance the foregoing, or any part thereof,

through the issuance of its bonds and notes.

3. Notwithstanding any inconsistent provision of law, all of the terms

and conditions with respect to the bonds and notes authorized by

subdivision two hereof, including but not limited to the fees to be paid

for the preparation or servicing thereof, the financing agreements,

resolutions or arrangements needed or required to carry out the

provisions of such subdivision, and all indemnification agreements shall

be subject to the prior approval of the state comptroller.

* NB Agency expires per §§ 856 and 882