N.Y. Public Authorities Law § 2041-c: Advances on behalf of authority; transfer of property to authority; acquisition of property by participating counties for authority

§ 2041-c. Advances on behalf of authority; transfer of property to

authority; acquisition of property by participating counties for

authority. 1. In addition to any powers granted to it by law, any

participating county may by resolution advance sums of money to or on

behalf of the authority to defray project costs or any other costs and

expenses of the authority to be incurred prior to the first issuance of

bonds. Subject to the rights of any bondholders, the moneys so

appropriated may be repaid by the authority to the participating county

at such time and in such manner as may be agreed upon between the

authority and the participating county.

2. Any participating county or any other municipality within the area

of operation may give, grant, sell, convey, loan or license the use of

or lease to the authority any property or facility which is useful to

the authority in order to carry out its powers under this title. Any

such transfer of property shall be upon such terms and conditions,

subject to the rights of any bondholders, as the authority and the

participating county or other municipality may agree.

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

or local, real property acquired by the authority or any participating

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

authority.