NY Pub Auth L § 2435-A (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 18 - State of New York Municipal Bond Bank Agency Act 2435-A - Special Program Agreements.

§  2435-a.  Special  program  agreements.  (1) In order to fulfill the purposes of this title and to provide  a  means  by  which  the  special program municipalities may (a) receive moneys to refund certain property taxes  determined  to be in excess of state constitutional tax limits or to reimburse the special program municipalities for the prior  refunding of  such  taxes  or  (b)  receive  moneys  to  be applied to the cost of settling litigation involving  the  city  school  districts  of  special program  municipalities and the teachers' unions in such special program municipalities, or (c)  receive  moneys  for  the  financing  of  public improvements   to   be  applied  to  the  cost  of  the  reconstruction, rehabilitation or renovation of an educational facility pursuant to  the provisions  of subdivision (b) of section sixteen of chapter six hundred five of the laws  of  two  thousand,  or  (d)  receive  moneys  for  the financing  of public improvements to be applied to the cost of a project for design,  reconstruction  or  rehabilitation  of  a  school  building pursuant  to  the provisions of section fourteen of the city of Syracuse and the board of education of the city school district of  the  city  of Syracuse  cooperative  school  reconstruction act, or (e) receive moneys for the financing of public improvements to be applied to the cost of  a project  for  design,  reconstruction  or  rehabilitation  of  a  school building, or the construction of a new school building, pursuant to  the provisions  of  section twelve of the Yonkers city school district joint schools construction and  modernization  act,  and  notwithstanding  any general  or  special  law  to  the contrary, the agency and each special program municipality are hereby authorized to enter  into  one  or  more special  program  agreements,  which  special  program agreements shall, consistent with the  provisions  of  this  title,  contain  such  terms, provisions  and  conditions  as, in the judgment of the agency, shall be necessary or desirable. Each special program agreement shall specify the amount  to  be  made  available  to  the  respective   special   program municipality  from the proceeds of an issue of special program bonds and shall  require   such   special   program   municipality,   subject   to appropriation  by  the  appropriate  legislative  body  of  such special program municipality, to make payments to the agency in the amounts  and at  the  times  determined  by the agency to be necessary to provide for payment of such issue of special program  bonds  and  such  other  fees, charges,  costs  and  other  amounts as the agency shall in its judgment determine to be necessary or desirable.  (2) Any special program agreement entered into pursuant to subdivision one of this section shall provide that the  obligation  of  the  special program municipality executing such special program agreement to fund or pay the amounts therein provided for shall not constitute a debt of such special program municipality within the meaning of any constitutional or statutory  provision and shall be deemed executory only to the extent of moneys available and that no liability shall be incurred by such special program municipality beyond the moneys available for  the  purpose,  and that   such  obligation  is  subject  to  annual  appropriation  by  the appropriate legislative body of such special program municipality.