NY Pub Auth L § 3653 (2021)
2021 New York Laws PBA - Public Authorities Article 10-D - Miscellaneous Authorities Title 1 - Nassau County Interim Finance Authority 3653 - Administration of the Authority.

§  3653.  Administration  of  the authority. 1. The authority shall be   administered by seven directors appointed by the governor. Of the  seven   directors,  one each shall be appointed on the written recommendation of   the majority leader of the  state  senate,  the  speaker  of  the  state   assembly  and  the  state  comptroller, respectively. Two of the members   appointed directly by the governor and  the  members  appointed  on  the   recommendation   of  the  majority  leader  of  the  state  senate,  the   recommendation  of  the  speaker  of  the   state   assembly   and   the   recommendation of the state comptroller shall be residents of the county   of  Nassau.  Each  director shall be appointed for a term of four years,   provided however, that two of  the  directors  first  appointed  by  the   governor  shall  serve  for  a  term  ending  December thirty-first, two   thousand four, and the five other directors first appointed shall  serve   for  the  following  terms: the directors appointed on recommendation of   the majority leader of the  state  senate,  the  speaker  of  the  state   assembly  and  the  state  comptroller  shall  serve  for  a term ending   December thirty-first, two thousand five and the two remaining directors   first appointed directly by the governor shall serve for a  term  ending   on  December  thirty-first,  two  thousand six. Each director shall hold   office until his or her successor  has  been  appointed  and  qualified.   Thereafter  each  director shall serve a term of four years, except that   any director appointed to fill a vacancy  shall  serve  only  until  the   expiration of his or her predecessor's term.2.  The  governor shall designate a chairperson and a vice-chairperson   from among  the  directors.  The  chairperson  shall  preside  over  all   meetings  of  the  directors  and  shall  have  such other duties as the   directors may prescribe. The vice-chairperson  shall  preside  over  all   meetings  of  the  directors in the absence of the chairperson and shall   have such other duties as the directors may prescribe.3. The directors of the authority shall serve without salary, but each   director shall be reimbursed for actual necessary expenses  incurred  in   the  performance of such director's official duties as a director of the   authority.4. Notwithstanding any inconsistent provision of any general,  special   or  local  law,  ordinance, resolution or charter, no officer, member or   employee of the state of New York, any city, county,  town  or  village,   any  governmental  entity  operating  any  public school or college, any   school district or any other  public  agency  or  instrumentality  which   exercises governmental powers under the laws of the state, shall forfeit   his  or  her  office or employment by reason of his or her acceptance of   appointment as a director, officer or employee  of  the  authority,  nor   shall  service as such director, officer or employee of the authority be   deemed incompatible or in conflict with such office or employment.5. Four directors shall constitute a quorum for the transaction of any   business or the exercise of any power of the authority. No action  shall   be  taken  by  the  authority  except pursuant to a favorable vote of at   least four directors participating in a meeting at which such action  is   taken.6.  The  authority  shall appoint a treasurer and may appoint officers   and agents as it may require and prescribe their duties.7. At least annually, commencing no more than one year after the  date   on which authority bonds are first issued, the authority shall report to   the  county  executive,  county legislature, the county comptroller, the   director of the budget and the state comptroller on the  costs  financed   by  the  authority  and  the amount of such financing for each such cost   over the past year.