N.Y. PML Law § 505 — New York Code / Act PML / Article 5 / Section 505
Acquisition or leasing of property
Status: in_force

§ 505. Acquisition or leasing of property. 1. A participating county\nmay, in accordance with the provisions of law governing the acquisition\nor leasing of real property by such county, acquire real property in the\nname of such county by purchase or condemnation for use by the\ncorporation, or lease real property from other owners for such purpose,\nand, by resolution of the governing body of such county, may through\nlease or contract made upon such terms and conditions, with or without\nconsideration, and for such period of time as may be agreed upon by such\ncounty and the corporation, authorize the use or occupancy of such real\nproperty by the corporation for the carrying out of its corporate\npurpose.\n  2. Such county may, in accordance with the provisions of law governing\nthe acquisition or leasing of personal property by such county, acquire\nor lease personal property for use by the corporation and, acting by the\ngoverning body of such county, may by lease or contract made upon such\nterms and conditions, with or without consideration, and for such period\nof time as may be agreed upon by such county and the corporation\nauthorize the use of such property by the corporation or transfer title\nto such property to it, for the carrying out of its corporate purpose.\n  3. Such county may, by resolution of the governing body of such\ncounty, or by an instrument authorized by such a resolution, authorize\nthe corporation to use or occupy for its corporate purpose any real\nproperty then owned by or under lease to such county, upon such terms\nand conditions, with or without consideration, and for such period of\ntime, as may be agreed upon by such county and the corporation; provided\nthat, in the case of any such property then under lease to such county,\nthe authorization granted by such county to the corporation shall be\nwithin and consistent with the rights of such county as lessee of such\nproperty.\n  4. Each corporation for the carrying out of its corporate purpose, may\nitself acquire real property in the name of the participating counties\nat the cost and expense of the corporation by purchase or condemnation\npursuant to the laws governing the condemnation of real property by each\ncounty. The corporation shall have the use and occupancy of such real\nproperty so long as its corporate existence shall continue.\n  5. a. Contracts may be entered into by a participating county and the\ncorporation containing undertakings by a participating county (i) to\nacquire or lease real or personal property and authorize the use or\noccupancy of same by the corporation, or (ii) to authorize the\ncorporation to use or occupy real or personal property then owned by or\nunder lease to a participating county, or (iii) to perform any other\nacts on the part of such county authorized by subdivisions one, two and\nthree of this section, provided the acts of such county called for by\nsuch undertakings are in conformity with the provisions of, and within\nthe powers granted to the county by, such subdivisions one, two and\nthree of this section.  The making of any such contract shall be\nauthorized, on behalf of the county, by the governing body or the county\nexecutive, or by both, as the case may be, in the same manner as the act\nor acts of the county called for by the undertaking or undertakings in\nsuch contract are required to be authorized under the applicable\nprovisions of such subdivisions one, two and three of this section.\n  b. Any such contract between a county and the corporation may be\npledged by the corporation to secure its bonds or notes and may not be\nmodified thereafter except as provided by the terms of the pledge.\n  6. In case the corporation shall have the use or occupancy of any real\nproperty which it shall determine is no longer required for the carrying\nout of its corporate purpose, then, if such real property was acquired\nat the cost and expense of a county, the corporation shall have power to\nsurrender its use or occupancy thereof to the county, or, if such real\nproperty was acquired at the cost and expense of the corporation, the\ncorporation shall have the power to sell, lease or otherwise dispose of\nsaid real property at public or private sale, and shall retain and have\nthe power to use the proceeds of sale, rentals or other moneys derived\nfrom the disposition thereof for its corporate purpose.\n  7. Notwithstanding the provisions of any general, special or local law\nto the contrary, each corporation may make purchases of materials,\nequipment or supplies, when available, through a participating county\nsubject to any procedures or rules which may be established by such\nparticipating county prescribing the conditions under which, and the\nmanner in which purchases may be made.  All purchases shall be subject\nto audit and inspection by the corporation and the corporation shall\naccept sole responsibility for any payment due the vendor.  The\ncorporation shall make no purchase through the participating county when\nbids have been received for such purchase by the corporation, unless\nsuch purchase may be made upon the same terms, conditions and\nspecifications at a lower price through the participating county.\n