N.Y. Public Authorities Law § 3852: Buffalo fiscal stability authority

§ 3852. Buffalo fiscal stability authority. 1. There is hereby created

the Buffalo fiscal stability authority. The authority shall be a

corporate governmental agency and instrumentality of the state

constituting a public benefit corporation.

2. The authority shall conduct meetings as often as deemed necessary

to accomplish its purposes, but not less than quarterly during a control

period, and annually during an advisory period.

3. The authority shall continue until its control, advisory or other

responsibilities, and its liabilities have been met or otherwise

discharged, which in no event shall be later than June thirtieth, two

thousand thirty-seven. Upon the termination of the authority, all of its

property and assets shall pass to and be vested in the city.