N.Y. Public Authorities Law § 1944: Appropriations for purposes of the authority; transfer of property to the authority; acquisition of property by municipality for authorit...

§ 1944. Appropriations for purposes of the authority; transfer of

property to the authority; acquisition of property by municipality for

authority; contracts with municipality. 1. In addition to any powers

granted to it by law, any municipality may, from time to time,

appropriate by resolution sums of money for purposes of the authority to

defray auditorium costs or any other costs and expenses of the authority

or to pay amounts payable or anticipated to be payable to the authority

pursuant to any agreement authorized by this title. Subject to the

rights of bondholders, such municipality may determine if the moneys so

appropriated shall be subject to repayment by the authority and, in such

event, the manner and time or times for such repayment.

2. Any municipality may give, grant, sell, convey, loan or license the

use of or lease to the authority any property, real, personal or mixed,

which is useful to the authority in order to carry out its powers under

this title. Any such transfer of property shall be for such term and

upon such terms and conditions, subject to the rights of bondholders, as

the authority and such municipality may agree, including provision for

the authority to assume the primary responsibility for the payment of

any bonds or notes issued by such municipality for such property.

3. Notwithstanding the provisions of any other law, general, special

or local to the contrary, real property acquired by the authority or any

municipality from the state may be used for any corporate purpose of the

authority.

4. One or more municipality and/or the authority shall have the power

to contract, from time to time, between or among themselves, in relation

to the auditorium which contracts may include any or all of the

following provisions: (i) requiring the use by any municipality of the

auditorium; (ii) limiting the right, including a prohibition, of any

municipality to construct a facility which will serve the same, or

substantially the same, function as the auditorium; (iii) requiring the

authority to reserve time in the auditorium to assure the availability

to any municipality of a specified use of the auditorium; (iv) providing

for specified minimum periodic payments by a municipality to the

authority, whether or not the auditorium is actually used by the

municipality, subject to such limitations, exceptions and provisions

therein, and (v) requiring any municipality to pay to the authority such

amounts as shall be necessary to assure the continued operation of the

authority. All such payments shall be determined and paid in such manner

and at such times as may be provided in such contracts.

5. Any gift, grant, sale, conveyance, loan, contract or lease

authorized by this section may be made or entered into by any

municipality and/or the authority without a public hearing being first

held therein and no such gift, grant, sale, conveyance, loan, contract

or lease shall be subject to referendum, permissive or otherwise.

6. Notwithstanding the provisions of any law, general, special or

local, or charter provision to the contrary, the city, by the

affirmative vote of not less than a majority of the entire voting

strength of the board of estimate of said city, may sell or transfer, by

deed, lease or other arrangement, to the authority the auditorium. Any

such agreement of sale or transfer shall be upon such terms and

conditions as the governing body of said city and the authority may

agree.