NY Pub Auth L § 1689-G (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 4 - Dormitory Authority 1689-G - Local Government Infrastructure; Authority Financing of Eligible Wirless 911 Capital Equipment.

§  1689-g.  Local  government  infrastructure;  authority financing of   eligible wireless 911 capital equipment. 1. Definition. For the purposes   of this section "eligible wireless 911 capital equipment" shall include,   but not be limited to, radio  equipment,  computer  equipment,  dispatch   equipment,  including consoles and monitors, telecommunications switches   and any other equipment  necessary  and  attendant  to  a  911  wireless   telecommunications system.2.  Notwithstanding  any  other  provision of law to the contrary, the   authority  is  hereby  authorized  to  issue  bonds,  notes   or   other   obligations  in  one  or  more  series  including  bonds, notes or other   obligations issued to finance one or more debt service reserve funds, to   pay the cost of issuance of such bonds, notes or other obligations,  and   bonds,  notes  or  other obligations issued to refund or otherwise repay   such bonds, notes  or  other  obligations  previously  issued,  for  the   purpose  of  financing  the  costs  of  eligible  wireless  911  capital   equipment  for  any  political  subdivisions  eligible  to  receive  aid   pursuant to a chapter of the laws of two thousand two. Such bonds, notes   or  other obligations issued by the authority shall not be a debt of the   state or the political subdivision, and  the  state  and  the  political   subdivision  shall  not be liable thereon, nor shall they be payable out   of any funds other than those made available by  an  eligible  political   subdivision subject to annual appropriation by the political subdivision   as  provided  in  subdivision three of this section or state aid pledged   and assigned by a  political  subdivision  to  the  authority  for  debt   service   payments  and  related  expenses  pursuant  to  any  financing   agreement entered into pursuant to subdivision three of this section.3. Notwithstanding any other provision of  law  to  the  contrary,  in   order  to  assist  the  authority  in undertaking the administration and   financing of wireless  911  capital  equipment  authorized  pursuant  to   subdivision  two  of  this section, an eligible political subdivision is   hereby authorized to enter into one or more  financing  agreements  with   the  authority  none  of  which shall exceed ten years in duration, upon   such terms and conditions as the authority  and  an  eligible  political   subdivision  agree,  so  as to annually provide to the authority, in the   aggregate, a sum not to exceed the  annual  debt  service  payments  and   related  expenses  required  for  the  bonds, notes or other obligations   issued pursuant to this section. Any financing  agreement  entered  into   pursuant  to  this  subdivision shall not constitute debt of an eligible   political subdivision  within  the  meaning  of  any  constitutional  or   statutory provisions and shall be deemed executory only to the extent of   moneys  available for such purposes, subject to annual appropriations of   the eligible political subdivision. Any such financing agreement or  any   payments made or to be made thereunder may be assigned or pledged by the   authority  as  security  for  its  bonds,  notes  or  other  obligations   authorized by this section. The provisions of section one hundred nine-b   of the general municipal law shall not be applicable  to  any  financing   agreement entered into between an eligible political subdivision and the   authority for the issuance of any bonds, notes, or other obligations for   any  eligible  911  wireless  capital  equipment  which  may be financed   pursuant to this section. Notwithstanding the foregoing,  any  political   subdivision  entering  into  an  agreement  with  the authority shall be   subject to the provisions of  subdivision  five  and  paragraph  (c)  of   subdivision  6  of  section  one hundred nine-b of the general municipal   law.4. Whenever the authority enters into a financing  agreement  with  an   eligible  political  subdivision, each eligible political subdivision is   hereby authorized, in connection with the financing agreement, to assign   and pledge to the authority, a sufficient portion of any and all  public    funds  to be apportioned or otherwise to be made payable to the eligible   political subdivision by the state of New York,  for  payments  required   under the financing agreement between the eligible political subdivision   and the authority.5.  All local and state officers are hereby authorized and required to   pay all funds so assigned and pledged pursuant to subdivisions three and   four of this section to the authority or,  upon  the  direction  of  the   authority,  to  any  trustee  of  any  authority  bond,  note  or  other   obligation issued pursuant to  a  certificate  filed  by  the  authority   pursuant to the provisions of this section.6. The authority shall submit annually to the governor, and the chairs   of  the  assembly  ways and means and senate finance committees a report   which shall include but not be limited to, detailed information  on  the   financing  activity  pursuant to this section, and a detailed summary of   the financing agreements entered into with any political subdivision.