N.Y. Public Authorities Law § 1031: Properties acquired by the authority

* § 1031. Properties acquired by the authority. The board of

supervisors, when appointing the authority, may adopt a resolution

providing, or it may by later agreement with the authority provide, that

all properties acquired by the authority shall be acquired in or

transferred to the name of the county or taken and held by the authority

as a governmental agency of the county. The board of supervisors may at

such time or by a later resolution provide that the county shall raise

all or any part of the money necessary for the purposes of this title

and may provide a fund from which appropriations may be made by the

board of supervisors for the acquisition, construction and equipment of

such properties, and to pay all costs, charges, expenses and liabilities

incurred or to be incurred by the authority, or which the county may

properly advance to the authority for the purposes of this title. The

county shall be reimbursed out of the revenues of the authority for any

moneys so paid. In making advances to the authority the board of

supervisors may require a resolution of the authority and agreements by

it pledging the revenues of the authority to the county and giving to

the county a prior charge upon such revenues substantially as provided

under section one thousand thirty-five, and limiting the power of the

authority including the power to issue any obligations of its own under

this title. Whenever the authority shall be and continue in default for

a period exceeding thirty days in meeting any obligation it may have

assumed to the county, the board shall also have power by resolution to

remove any one or more or all of the members and to fill the vacancies

caused thereby.

* NB Terminated July 1, 1963