NY Pub Auth L § 3953 (2021)
2021 New York Laws PBA - Public Authorities Article 10-D - Miscellaneous Authorities Title 3 - Erie County Fiscal Stability Authority 3953 - Administration of the Authority.

§  3953.  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 temporary president of the state senate, the speaker  of  the  state   assembly  and  the state comptroller, respectively. One member appointed   directly by the governor and the members appointed on the recommendation   of the temporary president 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.  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  nine,  and  the  remaining  five   directors first appointed shall  serve  for  the  following  terms:  the   directors  appointed on recommendation of the temporary president 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 ten and the two remaining directors first appointed directly by   the governor shall serve for a term ending on December thirty-first, two   thousand eleven. 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 and 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,  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, notes or other obligations are first issued,   the  authority  shall  report  to  the  county  executive,  legislature,   comptroller,  the  director of the budget, the chair of the state senate   finance committee, the chair  of  the  state  assembly  ways  and  means   committee  and  the state comptroller on the amount of financing and the   cost savings for the county over the past year.