NY Pub Auth L § 2799-EEE (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 34 - Syracuse Regional Airport Authority 2799-EEE - Advances on Behalf of Authority, Transfer of Property to Authority, Acquisit Ion of Property by City or Authority.

§  2799-eee.  Advances on behalf of authority, transfer of property to   authority, acquisition of property by city or authority. 1. In  addition   to  any  powers  granted  to  it  by  law,  the city or any other public   corporation  may,  from  time  to  time,  appropriate  by  ordinance  or   resolution  sums of money to defray project costs or any other costs and   expenses of the authority including operating expenses. Subject  to  the   rights  of  bondholders,  the  city or such other public corporation may   determine if the moneys so appropriated shall be subject to repayment by   the authority to the city or such other public corporation and, in  such   event, the manner and time or times for such repayment.2.  Notwithstanding any inconsistent provision of any general, special   or local law, ordinance, resolution or charter, any  public  corporation   may,  by  a  majority vote of its governing body and the approval of its   chief executive officer, give, grant, sell, convey,  loan,  license  the   use  of  or lease to the authority any property or facilities, including   aviation facilities and pollution control facilities, which  are  useful   in  connection  with  the  exercise by the authority of its powers under   this title. Any such gift, grant, sale,  conveyance,  loan,  license  or   lease  shall  be  upon  such  terms and conditions, and for such term or   terms of years, subject to the rights of the holders of  any  bonds,  as   the  authority  and  such  public  corporation may agree. Any such gift,   grant, sale, conveyance, lease, loan or license shall not be subject  to   referendum,  permissive  or  mandatory.  In  the  event  that any public   corporation gives, grants, sells, conveys, loans, licenses or leases any   aviation facilities, real  property,  facilities  or  pollution  control   facilities  to  the authority, such public corporation may contract with   the authority to lease, borrow, license, operate, maintain,  manage  and   provide  services  for  such real property or facilities upon such terms   and conditions and for such term or  terms  of  years,  subject  to  the   rights of holders of bonds, as the authority and such public corporation   may  agree. The authority, in furtherance of any purchase, conveyance or   lease of any property or  facility  from  any  public  corporation,  may   assume  the  primary responsibility for the payment of the principal and   interest on any bonds or notes issued by  such  public  corporation  for   such  property  or facility. For purposes of section 136.00 of the local   finance law, any agreement  by  the  authority  to  assume  the  primary   responsibility  for  the  payment  of  the principal and interest on any   bonds or notes issued by any such public corporation shall, so  long  as   such agreement shall continue to be honored by the authority, cause such   bonds  or  notes  to be deemed to have been refunded and any such public   corporation may deduct  from  its  gross  indebtedness  any  outstanding   indebtedness  contracted for such property or facility to be acquired by   the authority.3.  The  city  may  acquire  by  purchase,  grant,  lease,   gift   or   condemnation  pursuant to the eminent domain procedure law real property   in the name of the city for any corporate purpose of the authority.4. Notwithstanding the provisions of any other law,  general,  special   or  local,  real property acquired by the authority or the city from the   state may be used for any corporate purpose of the authority.