* § 1199-ff. Appropriations for purposes of the authority; transfer of property to authority; acquisition of property by the county for authority; contracts with county. 1. In addition to any powers granted to it by law, the county legislature may, from time to time, appropriate by resolution sums of money for purposes of the authority to defray project 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 contract authorized by this title. Subject to the rights of bondholders, the county legislature may determine if the moneys so appropriated shall be subject to repayment by the authority to the county and, in such event, the manner and time or times for such repayment. In the event there shall remain at the end of any fiscal year of the county an unexpended balance of any such appropriation, such unexpended balance shall remain on deposit in the fund or account and such appropriation shall not lapse.

Terms Used In N.Y. Public Authorities Law 1199-FF*2

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Contract: A legal written agreement that becomes binding when signed.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

2. The county or any other municipality may give, grant, sell, convey, loan, license the use of or lease to the authority any properties which are 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 the holders of any bonds, as the authority and the county or other municipality may agree, including provision for the authority to assume the primary responsibility for the payment of any bonds or notes issued by the county or such other municipality for such properties.

3. The county may acquire by purchase or by exercise of the power of eminent domain real property in the name of the county for any corporate purpose of the authority.

4. Notwithstanding the provisions of any other law, general, special or local to the contrary, real property acquired by the authority or the county from the state may be used for any corporate purpose of the authority.

5. The county, one or more of the municipalities within the county, the district, and the authority shall have the power to contract, from time to time, between or among themselves, in relation to the purchase, sale and transmission of water, which contracts may include any or all of the following provisions: (a) requiring the purchase by the county, any such municipality or the district of specified amounts of water; (b) requiring the authority to reserve capacity in its water facility to assure the availability to the county, any such municipality or the district of a specified amount of water; (c) providing for specified minimum periodic payments whether or not water is actually taken and used, subject to such limitations, exceptions and provisions therein; (d) requiring the county, any such municipality or the district to pay to the authority such amounts as shall be necessary to assure the continued operation of the authority; and (e) requiring any such municipality to pay to the county such amount as shall be necessary to assure that the periodic payments by the county to the authority will not result in an undue burden upon the residents of the county. All such payments shall be determined and paid in such manner and at such times as may be provided in such contracts.

6. Any gift, grant, sale, conveyance, loan or contract authorized by this section may be made or entered into by the county and any other municipality without a public hearing being first held therein and no such gift, grant, sale, conveyance, loan or contract shall be subject to referendum, permissive or otherwise.

* NB There are 2 § 1199-ff's

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