N.Y. Public Authorities Law § 3960: Additional provisions

§ 3960. Additional provisions. 1. Notwithstanding any provision to the

contrary in title six-A of article two of the local finance law, neither

the county nor any covered organization shall file any petition

authorized by such title six-A without the approval of the authority and

the state comptroller. No such petition shall be filed as long as any

bonds, notes or other obligations issued by the authority remain

outstanding. Failure of the authority or the state comptroller to notify

the county or a covered organization within thirty days (or such

additional time, not exceeding thirty days, as the authority or state

comptroller shall have notified the county or covered organization that

it requires to complete its review) after submission to it of a petition

shall be deemed to constitute authority or state comptroller approval

thereof.

2. Nothing contained in this title shall limit the right of the county

or any covered organization to comply with the provisions of any

existing contract within or for the benefit of the holders of any bonds,

notes or other obligations of the county or such covered organization.

3. Nothing contained in this title shall be construed to limit the

power of the county or a covered organization to determine, from time to

time, within available funds for the county or for such covered

organization, the purposes for which expenditures are to be made by the

county or such covered organization and the amounts of such

expenditures, consistent with the aggregate expenditures then permitted

under the financial plan for the county or such covered organization.

4. The authority's fiscal year shall be January first through December

thirty-first.

5. The authority shall adopt guidelines for procurement contracts in

accordance with section twenty-eight hundred seventy-nine of this

chapter.

6. Nothing contained in this title shall alter, limit, modify or

impair the right of any school district or any city, town, or village

within the county to receive from the county net collections, as

authorized by section twelve hundred sixty-two of the tax law, from the

county's sales and compensating use taxes imposed pursuant to the

authority of subpart B of part one of article twenty-nine of the tax

law.