NY Pub Auth L § 1362 (2021)
2021 New York Laws PBA - Public Authorities Article 6 - Port Authorities Title 2 - Port of Oswego Authority 1362 - Special Port Development and Improvement Powers.

§  1362.  Special port development and improvement powers. 1. The port   of Oswego authority shall have power to make rules and  regulations  for   the development, improvement, promotion, preservation and utilization of   the  port  improvement  district  and  project  and  for the payment and   collection of fees, charges, rentals and other receipts  from  the  port   improvement  project  hereinafter  referred  to as "port revenue." Until   such time as the state of New York is fully reimbursed by the  authority   for  the total amount of money advanced by the state to the authority no   rule, regulation, schedule or rate in  relation  to  or  governing  port   revenue  shall  become  effective  or controlling unless approved by the   director of the budget of the state of New York.2. All port revenue received by the authority shall  be  paid  to  the   state  comptroller as agent of the authority and deposited in a separate   account or accounts to be known as the  "port  of  Oswego  fund.  "  The   moneys  in  such  fund shall be available subject to the approval of the   director of the budget of the state of New York for the payment  of  any   and  all  costs and expenditures incurred in relation to the acquisition   of property, construction, equipment, maintenance, repair and  operation   of  the  port improvement project. The moneys of the port of Oswego fund   when made available shall be paid  from  such  fund  on  the  audit  and   warrant  of  the  state  comptroller  on vouchers approved solely by the   chairman of the authority or his duly designated officer.3. All moneys in the port of Oswego fund in excess of the sum of three   hundred fifty thousand dollars shall on the first day of each  month  be   paid  by  the authority to the state comptroller provided, however, that   effective March thirty-one, nineteen hundred seventy-eight, the director   of the budget and the authority shall establish within the provisions of   a written agreement between the authority and the director providing for   the repayment to the state  by  the  authority  of  state  advances  the   maximum  amount  of moneys which the authority may retain in the port of   Oswego fund. The comptroller is hereby authorized to  receive  from  the   authority  such  amounts as shall be paid to the comptroller pursuant to   the provisions of this section and to credit all  such  amounts  to  the   capital  construction  fund. Upon certification by the state comptroller   that all moneys due the state have been  paid  in  full,  the  remaining   balance  of  such  fund  shall be available to such authority and may be   used by such authority for any corporate purpose.  The accounts  of  the   authority shall be subject to examination by the state comptroller.4.   The   comptroller   of  the  state  and  his  legally  authorized   representatives are hereby authorized and empowered from time to time to   examine the accounts and books of the authority, including its receipts,   disbursements, contracts, leases, sinking  funds,  investments  and  any   other matter relating to its financial standing and fiscal affairs.