reglab/statecodes huggingface dataset:
2023 New York Laws › PBA - Public Authorities › Article 10-C - New York Health Care Corporations › Title 6 - Erie County Medical Center Corporation › 3636 - Monies of the Corporation.

§  3636. Monies of the corporation. All monies of the corporation from
  whatever  source  derived  shall  be  paid  to  the  treasurer  of   the
  corporation  and  shall  be  deposited  forthwith  in  a  bank  or banks
  designated by the corporation. The monies in such accounts shall be paid
  out or withdrawn  on  the  order  of  such  person  or  persons  as  the
  corporation  may  authorize  to  make such requisitions. All deposits of
  such monies shall be secured by obligations of the United States  or  of
  the state or of any municipality of a market value equal at all times to
  the  amount on deposit, and all banks and trust companies are authorized
  to give such security for such deposits. Alternatively,  monies  of  the
  corporation  may be deposited in money market funds rated in the highest
  short term or long term rating  category  by  at  least  one  nationally
  recognized rating agency. To the extent practicable, consistent with the
  cash requirements of the corporation, all such monies shall be deposited
  in   interest  bearing  accounts.  The  corporation  shall  have  power,
  notwithstanding the provisions of this section,  to  contract  with  the
  holders   of   any  bonds  as  to  the  custody,  collection,  security,
  investment, and payment of any monies of the corporation or  any  monies
  held  in  trust  or  otherwise for the payment of bonds or in any way to
  secure bonds, and carry out any such contract notwithstanding that  such
  contract may be inconsistent with the provisions of this section. Monies
  held  in  trust  or  otherwise for the payment of bonds or in any way to
  secure bonds and deposits of such monies may  be  secured  in  the  same
  manner  as  monies of the corporation, and all banks and trust companies
  are authorized to give such security for such deposits.  Any  monies  of
  the  corporation  not required for immediate use or disbursement may, at
  the discretion of  the  corporation,  be  invested  in  accordance  with
  guidelines  established by the corporation's board and amended from time
  to time. Subject to the provisions of any contract with bondholders  and
  with  the  approval  of  the  state  comptroller,  the corporation shall
  prescribe a system of accounts.
2023 New York Laws › PBA - Public Authorities › Article 10-C - New York Health Care Corporations › Title 6 - Erie County Medical Center Corporation › 3637 - Bonds; Legal Investments for Fiduciaries.

§  3637.  Bonds;  legal  investments for fiduciaries. The bonds of the
  corporation are hereby made securities in which all public officers  and
  bodies  of the state and all municipalities, all insurance companies and
  associations and other persons carrying on an  insurance  business,  all
  banks,   bankers,   trust   companies,   savings   banks,   and  savings
  associations, including savings and loan associations, building and loan
  associations, investment companies, and  other  persons  carrying  on  a
  banking  business,  and  administrators, guardians, executors, trustees,
  and other fiduciaries, and all other persons whatsoever, who are now  or
  may  hereafter  be authorized to invest in bonds or other obligations of
  the state, may properly and legally invest funds, including  capital  in
  their  control  or  belonging  to  them.  The bonds are also hereby made
  securities which may be deposited with and may be received by all public
  officers and bodies of the state and all municipalities for any purposes
  for which the deposit of bonds or other obligations of this state is now
  or hereafter may be authorized.
2023 New York Laws › PBA - Public Authorities › Article 10-C - New York Health Care Corporations › Title 6 - Erie County Medical Center Corporation › 3638 - Agreement With State.

§  3638.  Agreement  with  state.  The state does hereby pledge to and
  agree with the holders of any bonds issued by the  corporation  pursuant
  to  this  title  and  with  those persons or public corporations who may
  enter into contracts with the corporation pursuant to the provisions  of
  this  title  that  the state will not alter, limit, or impair the rights
  hereby vested  in  the  corporation  to  purchase,  construct,  own  and
  operate, maintain, repair, improve, reconstruct, renovate, rehabilitate,
  enlarge,  increase and extend, or dispose of any project, or any part or
  parts thereof, for which  bonds  of  the  corporation  shall  have  been
  issued,  to  establish and collect rates, rents, fees, and other charges
  referred to in this title, to fulfill the  terms  of  any  contracts  or
  agreements  made with or for the benefit of the holders of bonds or with
  any person or public corporation with reference to such project or  part
  thereof,  or in any way impair the rights and remedies of the holders of
  bonds, until  the  bonds,  together  with  interest  thereon,  including
  interest  on  any  unpaid  installments  of  interest, and all costs and
  expenses in connection with any action or proceeding by or on behalf  of
  the  holders  of  bonds, are fully met and discharged and such contracts
  are fully performed on the part of the corporation. The  corporation  is
  authorized  to  include  this  pledge  and agreement of the state in any
  agreement with the holders of bonds.
2023 New York Laws › PBA - Public Authorities › Article 10-C - New York Health Care Corporations › Title 6 - Erie County Medical Center Corporation › 3639 - Agreement With County.

§  3639.  Agreement with county. The county is authorized to pledge to
  and agree with the holders  of  any  bonds  issued  by  the  corporation
  pursuant to this title and with those persons or public corporations who
  may enter into contracts with the corporation pursuant to the provisions
  of  this  title  that  the  county  will not alter, limit, or impair the
  rights hereby vested in the corporation to purchase, construct, own  and
  operate, maintain, repair, improve, reconstruct, renovate, rehabilitate,
  enlarge,  increase and extend, or dispose of any project, or any part or
  parts thereof, for which  bonds  of  the  corporation  shall  have  been
  issued,  to establish, collect, and adjust rates, rents, fees, and other
  charges referred  to  in  this  title,  to  fulfill  the  terms  of  any
  agreements  made  with  the  holders  of  the  bonds  or with any public
  corporation or person with reference to such project or part thereof, or
  in any way impair the rights and remedies of the holders of bonds, until
  the bonds, together with interest thereon,  including  interest  on  any
  unpaid   installments  of  interest,  and  all  costs  and  expenses  in
  connection with any action or proceeding by or on behalf of the  holders
  of  bonds,  are  fully  met  and discharged and such contracts are fully
  performed on the part of the corporation.
2023 New York Laws › PBA - Public Authorities › Article 10-C - New York Health Care Corporations › Title 6 - Erie County Medical Center Corporation › 3640 - Tax Exemption and Tax Contract by the State.

§  3640.  Tax exemption and tax contract by the state. 1. It is hereby
  determined that the creation of the corporation and the carrying out  of
  its corporate purposes are in all respects for the benefit of the people
  of  the  state  of  New  York  and are public purposes. Accordingly, the
  corporation shall be regarded as performing  an  essential  governmental
  function  in the exercise of the powers conferred upon it by this title,
  and the corporation shall not  be  required  to  pay  any  fees,  taxes,
  special  ad  valorem  levies,  or  assessments  of  any  kind, except as
  provided pursuant to any public health  law,  whether  state  or  local,
  including  but not limited to fees, taxes, special ad valorem levies, or
  assessments on real property, franchise taxes,  sales  taxes,  or  other
  taxes,  upon  or  with  respect to any property owned by it or under its
  jurisdiction, control, or supervision, or upon the uses thereof, or upon
  or with respect to its activities or operations in  furtherance  of  the
  powers  conferred  upon it by this title, or upon or with respect to any
  fares, tolls, rentals, rates, charges, fees, revenues, or  other  income
  received  by  the corporation; provided, however, that any real property
  owned or acquired by the corporation outside  of  the  county  shall  be
  exempt   from  real  property  taxes,  ad  valorem  levies,  or  special
  assessments only pursuant to and to the extent provided by an  agreement
  with  the governing body of the municipality in which such real property
  is located; and provided, further, that subsidiaries of the  corporation
  are not included within the foregoing exemption.
2.  Any  bonds issued pursuant to this title, together with the income
  from such bonds, shall at all times be exempt from taxation.
3. The state  hereby  covenants  with  the  purchasers  and  with  all
  subsequent  holders  and  transferees of bonds issued by the corporation
  pursuant to this title,  in  consideration  of  the  acceptance  of  and
  payment for the bonds, that the bonds of the corporation issued pursuant
  to  this title and the income from such bonds, and all revenues, monies,
  and other property pledged to pay or to secure the payment of such bonds
  shall at all times be free from taxation.
4. The corporation may pay, or may  enter  into  agreements  with  the
  county  or  any municipality to pay, a sum or sums annually or otherwise
  or to provide other considerations with respect to real  property  owned
  by the corporation located within the county or such municipality.
2023 New York Laws › PBA - Public Authorities › Article 10-C - New York Health Care Corporations › Title 6 - Erie County Medical Center Corporation › 3642 - Audit and Annual Reports.

§ 3642. Audit and annual reports. 1. In conformity with the provisions
  of  section  five of article ten of the state constitution, the accounts
  of the corporation shall be subject to  the  supervision  of  the  state
  comptroller,  and  an  annual audit shall be performed by an independent
  certified public accountant. The corporation shall  annually  submit  to
  the   Erie   county   legislature,  county  executive,  governor,  state
  comptroller,  chairperson  of  the   senate   finance   committee,   and
  chairperson  of  the assembly ways and means committee a detailed report
  pursuant to the provisions  of  section  twenty-eight  hundred  of  this
  chapter,  and a copy of such report shall be filed with the clerk of the
  Erie county legislature and the county executive.
2. The corporation shall report, on an  annual  basis,  the  following
  information:   the  name,  principal  business  address,  and  principal
  business activities of each subsidiary of the corporation; the  name  of
  all  board  members  and  officers  of  each  subsidiary;  the number of
  employees of each subsidiary; a list of all contracts in excess  of  one
  hundred  thousand  dollars  entered  into  by  the  corporation  and its
  subsidiaries, identifying the amount,  purpose,  and  duration  of  such
  contract; and a financial statement, income statement, and balance sheet
  prepared   by   an  independent  certified  public  accountant,  all  in
  accordance with generally accepted accounting principles  applicable  to
  the  corporation  and  each of its subsidiaries. At the time the reports
  required by subdivision one of this section are submitted, such  reports
  shall  be  provided  to  the  governor,  the  temporary president of the
  senate, and the speaker of the assembly and a copy of such report  shall
  be  filed  with  the clerk of the Erie county legislature and the county
  executive.
2023 New York Laws › PBA - Public Authorities › Article 10-C - New York Health Care Corporations › Title 6 - Erie County Medical Center Corporation › 3643 - Defense and Indemnification.

§ 3643. Defense and indemnification. The corporation shall not execute
  any  of  its  powers, including the special powers authorized by section
  thirty-six hundred thirty-one of this  title,  except  as  necessary  to
  commence  its  corporate  existence,  until  it  has elected to make the
  provision of section eighteen of the public officers law  applicable  to
  its employees (as such term is defined in section eighteen of the public
  officers  law)  pursuant  to  subdivision two of such section; provided,
  however, that nothing contained within this section shall be  deemed  to
  permit  the  corporation to extend the provisions of section eighteen of
  the public officers law to any independent contractor.
2023 New York Laws › PBA - Public Authorities › Article 10-C - New York Health Care Corporations › Title 6 - Erie County Medical Center Corporation › 3644 - Transfer of Applications, Proceedings, Approvals, and Permits.

§ 3644. Transfer of applications, proceedings, approvals, and permits.
  1.  Any application, review, or process in relation to or in furtherance
  of the purposes of or contemplated by this  title  heretofore  filed  or
  undertaken,   or   any   proceeding   heretofore   commenced,   or   any
  determination, finding, or award made, by the county or  by  the  county
  with  the  federal  government,  the  state department of health, or any
  other public corporation shall inure to  and  for  the  benefit  of  the
  corporation  to  the  same  extent  and  in  the  same  manner as if the
  corporation has been a party to such application,  review,  process,  or
  proceeding  from  its  inception,  and the corporation shall be deemed a
  party thereto, to the extent not prohibited  by  any  federal  law.  Any
  license,  approval,  permit,  determination, finding, award, or decision
  heretofore or hereafter issued or granted pursuant to or as a result  of
  any  such application, review, process, or proceeding shall inure to the
  benefit of and be binding upon the corporation and shall be assigned and
  transferred by the county to the corporation, unless such assignment and
  transfer is prohibited by federal law.
2. All such applications, proceedings, licenses,  approvals,  permits,
  determinations,  findings,  awards, and decisions shall further inure to
  and for  the  benefit  of  and  be  binding  upon  any  person  leasing,
  acquiring,  financing,  constructing,  maintaining, operating, using, or
  occupying any facility transferred by  the  county  to  the  corporation
  pursuant to this title.
2023 New York Laws › PBA - Public Authorities › Article 10-C - New York Health Care Corporations › Title 6 - Erie County Medical Center Corporation › 3645 - Separability.

§  3645. Separability. If any clause, sentence, paragraph, section, or
  part of  this  title  shall  be  adjudged  by  any  court  of  competent
  jurisdiction  to  be invalid, such judgment shall not affect, impair, or
  invalidate the remainder thereof, but shall be confined in its operation
  to the clause, sentence, paragraph, section, or part thereof involved in
  the controversy in which such judgment shall have been rendered.
2023 New York Laws › PBA - Public Authorities › Article 10-C - New York Health Care Corporations › Title 6 - Erie County Medical Center Corporation › 3646 - Applicability of Laws.

§  3646.  Applicability of laws. The provisions of this title shall be
  subject to the provisions of the  civil  practice  law  and  rules,  the
  public  health law, the mental hygiene law, the social services law, the
  education law, and any other applicable law or regulation, including any
  amendment thereto; provided, however, that nothing in this section shall
  require the county or corporation to seek approval or  consent  for  any
  transfer   pursuant   to  sections  thirty-six  hundred  thirty-two  and
  thirty-six hundred forty-four of this title.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 1 - Nassau County Interim Finance Authority › 3652 - Nassau County Interim Finance Authority.

§  3652.  Nassau  county interim finance authority. 1. There is hereby
  created the Nassau county interim finance authority. The authority shall
  be a corporate governmental agency  and  instrumentality  of  the  state
  constituting a public benefit corporation.
2.  In accordance with the provisions of this title, the authority may
  issue bonds only to finance costs,  including  the  refunding  of  bonds
  issued  by  the  authority to finance costs, and fund reserves to secure
  such bonds.
3. The authority shall continue until its oversight, control or  other
  responsibilities,  and  its  liabilities  have  been  met  or  otherwise
  discharged. Upon the termination of the existence of the authority,  all
  of its rights and property shall pass to and be vested in the county.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 1 - Nassau County Interim Finance Authority › 3658 - Agreement With the State.

§  3658. Agreement with the state. The state does hereby pledge to and
  agree with the holders of any issue of bonds  issued  by  the  authority
  pursuant  to this title and secured by such a pledge that the state will
  not limit, alter or impair the rights hereby vested in the authority  to
  fulfill  the  terms of any agreements made with such holders pursuant to
  this title, or in any way impair the rights and remedies of such holders
  or the security for such bonds  until  such  bonds,  together  with  the
  interest  thereon  and  all  costs  and  expenses in connection with any
  action or proceeding by or on behalf of such holders, are fully paid and
  discharged. The authority is  authorized  to  include  this  pledge  and
  agreement  of the state in any agreement with the holders of such bonds.
  Nothing contained in this title shall be deemed to restrict the right of
  the state to amend, modify, repeal or otherwise alter statutes  imposing
  or  relating  to  taxes or fees, or appropriations relating thereto. The
  authority shall not include within any resolution, contract or agreement
  with holders of the bonds issued under this title  any  provision  which
  provides  that  a default occurs as a result of the state exercising its
  right to amend, repeal, modify or otherwise alter such taxes,  fees,  or
  appropriations.  Nothing  in  this title shall be deemed to obligate the
  state to make any payments or impose  any  taxes  to  satisfy  the  debt
  service obligations of the authority.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 1 - Nassau County Interim Finance Authority › 3659 - Agreement With the County.

§  3659. Agreement with the county. The county is authorized to pledge
  to and agree with the holders of  any  issue  of  bonds  issued  by  the
  authority  pursuant  to this title and secured by such a pledge that the
  county will not limit, alter or impair the rights hereby vested  in  the
  authority  to fulfill the terms of any agreements made with such holders
  pursuant to this title, or in any way impair the rights and remedies  of
  such  holders  or the security for such bonds until such bonds, together
  with the interest thereon and all costs and expenses in connection  with
  any action or proceeding by or on behalf of such holders, are fully paid
  and  discharged.  Nothing  contained  in  this  title shall be deemed to
  restrict any right of the county to amend,  modify  or  otherwise  alter
  local  laws, ordinances or resolutions imposing or relating to the taxes
  imposed pursuant to the authority of article twenty-nine of the tax  law
  or  other  taxes  or fees or appropriations related to any such taxes or
  fees, so long as, after giving effect to such amendment, modification or
  other alteration, the amount of tax revenues projected by the  authority
  to  be available during each of its fiscal years following the effective
  date of such amendment, modification or other alteration  shall  be  not
  less  than  two  hundred  percent  of  maximum  annual  debt  service on
  authority bonds then outstanding. Subject to the foregoing sentence, the
  authority shall not include in any  resolution,  contract  or  agreement
  with  the  holders  of  its  bonds  any  provision which provides that a
  default occurs as a result of the county exercising its right to  amend,
  modify,  or otherwise alter such taxes imposed pursuant to the authority
  of article twenty-nine of the tax law or other taxes or fees. Nothing in
  this title shall be deemed to obligate the  county  to  make  additional
  payments  or  impose  taxes  other  than  those  imposed pursuant to the
  authority of paragraph one of subdivision (a) of section twelve  hundred
  ten  of  the  tax  law  to  satisfy  the debt service obligations of the
  authority.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 1 - Nassau County Interim Finance Authority › 3660 - Bonds Legal for Investment and Deposit.

§  3660.  Bonds  legal  for  investment  and deposit. The bonds of the
  authority are hereby made securities in which all  public  officers  and
  bodies  of  the  state  and  all public corporations, municipalities and
  municipal subdivisions, all insurance  companies  and  associations  and
  other  persons  carrying  on  an insurance business, all banks, bankers,
  trust  companies,  savings  banks  and  savings  associations  including
  savings   and   loan   associations,  building  and  loan  associations,
  investment companies and other persons carrying on a  banking  business,
  all  administrators,  conservators,  guardians,  executors, trustees and
  other fiduciaries, and all other persons whatsoever who are now  or  may
  hereafter  be  authorized  to invest in bonds or in other obligations of
  the state, may properly and legally invest funds, including capital,  in
  their  control  or  belonging  to  them.  The bonds are also hereby made
  securities which may be deposited with and may be received by all public
  officers and bodies of the  state  and  all  municipalities  and  public
  corporations  for  any  purpose  for which the deposit of bonds or other
  obligations of the state is now or may hereafter be authorized.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 1 - Nassau County Interim Finance Authority › 3661 - Tax Exemption and Tax Contract by the State.

§  3661.  Tax exemption and tax contract by the state. 1. It is hereby
  determined that the creation of the authority and the  carrying  out  of
  its corporate purposes are in all respects for the benefit of the people
  of  the  state  of  New  York  and are public purposes. Accordingly, the
  authority shall be regarded  as  performing  an  essential  governmental
  function  in the exercise of the powers conferred upon it by this title.
  The property of the authority, its income and its  operations  shall  be
  exempt  from  taxation,  assessments, special assessments and ad valorem
  levies. The authority shall not be required  to  pay  any  fees,  taxes,
  special  ad  valorem levies or assessments of any kind, whether state or
  local, including, but not limited to, fees, taxes,  special  ad  valorem
  levies  or assessments on real property, franchise taxes, sales taxes or
  other taxes, upon or with respect to any property owned by it  or  under
  its  jurisdiction,  control or supervision, or upon the uses thereof, or
  upon or with respect to its activities or operations in  furtherance  of
  the  powers  conferred upon it by this title, or upon or with respect to
  any fares, tolls, rentals,  rates,  charges,  fees,  revenues  or  other
  income received by the authority.
2.  Any  bonds  issued  pursuant to this title, their transfer and the
  income therefrom shall, at all times, be exempt from taxation.
3. The state  hereby  covenants  with  the  purchasers  and  with  all
  subsequent  holders  and  transferees  of  bonds issued by the authority
  pursuant to this title,  in  consideration  of  the  acceptance  of  and
  payment  for  the bonds, that the bonds of the authority issued pursuant
  to this title and the income therefrom and  all  revenues,  moneys,  and
  other  property  pledged  to  pay or to secure the payment of such bonds
  shall at all times be exempt from taxation.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 1 - Nassau County Interim Finance Authority › 3663 - Audits.

§  3663.  Audits. 1. The accounts of the authority shall be subject to
  the audit of the comptroller and the state comptroller. In addition, the
  authority shall be subject to an annual financial audit performed by  an
  independent  certified  accountant selected by the authority. Such audit
  report shall  be  submitted  to  the  county  executive,  the  presiding
  officer, the comptroller, the governor, the state comptroller, the chair
  and  ranking  minority  member  of  the senate finance committee and the
  chair and ranking  minority  member  of  the  assembly  ways  and  means
  committee.
2.  For  each  fiscal  year during the existence of the authority, and
  within one hundred twenty days after the close of  the  county's  fiscal
  year,  the  county  shall submit its audited financial statements to the
  authority.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 1 - Nassau County Interim Finance Authority › 3664 - Remedies of Bondholders.

§  3664.  Remedies  of  bondholders.  Subject  to  any  resolution  or
resolutions adopted pursuant to paragraph (f) of  subdivision  seven  of
section thirty-six hundred fifty-six of this title:
1.  In  the  event  that the authority shall default in the payment of
principal of or interest on any issue of  bonds  after  the  same  shall
become  due,  whether  at maturity or upon call for redemption, and such
default shall continue for a period of thirty days, or shall default  in
any  agreement  made with the holders of any issue of bonds, the holders
of at least twenty-five per centum in aggregate principal amount of  the
bonds of such issue then outstanding, by instrument or instruments filed
in  the  office of the clerk of the county and proved or acknowledged in
the same manner as a deed to be  recorded,  may  appoint  a  trustee  to
represent  the  holders  of  such bonds for the purpose provided in this
section.
2. Such trustee may, and upon written request of  the  holders  of  at
least   twenty-five  per  centum  in  principal  amount  of  such  bonds
outstanding shall, in his or her or its own name:
(a) by action or proceeding in accordance with the civil practice  law
and  rules,  enforce  all  rights  of  the  bondholders  and require the
authority to carry out any other agreements with  the  holders  of  such
bonds and to perform its duties under this title;
(b) bring an action or proceeding upon such bonds;
(c) by action or proceeding, require the authority to account as if it
were the trustee of an express trust for the holder of such bonds; and
(d)  by  action  or proceeding, enjoin any acts or things which may be
unlawful or in violation of the rights of the holders of such bonds.
3. Such trustee shall, in addition to the provisions  of  subdivisions
one  and  two  of  this  section,  have  and  possess  all of the powers
necessary or appropriate for the exercise of any functions  specifically
set  forth  in this section or incident to the general representation of
bondholders in the enforcement and protection of their rights.
4. The  supreme  court  shall  have  jurisdiction  of  any  action  or
proceeding by the trustee on behalf of such bondholders.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 1 - Nassau County Interim Finance Authority › 3665 - Assistance to the Authority; Employees of the Authority.

§  3665.  Assistance  to the authority; employees of the authority. 1.
  With the consent of  any  public  corporation,  the  authority  may  use
  agents,   employees  and  facilities  thereof,  paying  to  such  public
  corporation its agreed proportion of the compensation or costs.
2.  Officers  and  employees  of  state  or  county  agencies  may  be
  transferred to the authority without examination and without loss of any
  civil service or retirement status or rights. Any officer or employee of
  the  authority  who  heretofore acquired or shall hereafter acquire such
  position status by transfer and who at the time of such transfer  was  a
  member  of  the  New  York  state and local employees' retirement system
  shall continue to be a member of such  system  as  long  as  he  or  she
  continues  in  such  service, and shall continue to have all the rights,
  privileges and obligations of membership in such system.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 1 - Nassau County Interim Finance Authority › 3666 - 2000 Fiscal Year Budget Modification.

§ 3666. 2000 fiscal year budget modification. 1. The control period as
  set  forth  in section thirty-six hundred sixty-nine of this title shall
  be instituted on June thirtieth, two thousand, unless prior to such date
  (a) the county executive, after approval by the legislature, shall  have
  submitted to the authority a modification to the county's budget for the
  2000  fiscal  year, as in effect on May tenth, two thousand; and (b) the
  authority shall have determined that such modification when  implemented
  will  ensure  a  reduction  of  the  projected gap, through recurring or
  nonrecurring actions, for the 2000 fiscal year and,  together  with  any
  budget modifications prior to May tenth, two thousand, through recurring
  actions,  for  the  three next succeeding fiscal years, in an amount not
  less than fifty million dollars per year.
2. In order that such budget modification be effective  on  or  before
  June  thirtieth,  two  thousand, the county executive shall within seven
  days following the effective  date  of  this  title  submit  a  proposed
  modification  to  the  legislature.  Within  seven  days thereafter, the
  legislature  shall   approve   such   modification   or   a   substitute
  modification.  Upon  approval  by  the legislature, the county executive
  shall submit such modification to the authority. Not later than ten days
  after  such  budget  modification  shall  have  been  submitted  to  the
  authority,  the authority shall approve or disapprove such modification,
  provided that the authority may approve such modification only upon  its
  determination  that  such modification when implemented will ensure such
  reduction of the projected gap for  each  fiscal  year  as  required  by
  subdivision one of this section.
3.   In   the   event  the  authority  shall  disapprove  such  budget
  modification based on disapproval of certain actions or assumptions, the
  authority shall promptly thereafter notify the county executive  of  its
  reasons.    The county executive shall thereafter, after approval by the
  legislature,  resubmit  a  budget  modification,  based  on  actions  or
  assumptions   other  than  those  that  have  been  disapproved  by  the
  authority, for consideration by the authority and in sufficient time for
  the authority to have a seven day review period prior to June thirtieth,
  two thousand.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 1 - Nassau County Interim Finance Authority › 3670 - Miscellaneous Provisions.

§  3670.  Miscellaneous provisions. 1. Notwithstanding anything to the
  contrary in title six-A of article two of the local finance law, neither
  the  county  nor  any  covered  organization  shall  file  any  petition
  authorized by such title six-A without the approval of the authority and
  the  state  comptroller.  No such petition shall be filed as long as any
  bonds issued  by  the  authority  remain  outstanding.  Failure  of  the
  authority  or  the  state  comptroller to notify the county or a covered
  organization within thirty days (or such additional time, not  exceeding
  thirty  days,  as the authority or state comptroller shall have notified
  the county or covered organization that  it  requires  to  complete  its
  review)  after  submission  to  it  of  a  petition  shall  be deemed to
  constitute authority or state comptroller approval thereof.
2. Nothing contained in this title shall limit the right of the county
  or any covered  organization  to  comply  with  the  provisions  of  any
  existing  contract within or for the benefit of the holders of any bonds
  or notes of the county or such covered organization.
3. Nothing contained in this title shall be construed  to  limit  the
  power of the county or a covered organization during any interim finance
  period  to  determine, from time to time, within available funds for the
  county  or  for  such  covered  organization,  the  purposes  for  which
  expenditures  are  to be made by the county or such covered organization
  and the amounts of such  expenditures,  consistent  with  the  aggregate
  expenditures  then  permitted under the financial plan for the county or
  such covered organization.
4. The authority's fiscal year shall be January first through December
  thirty-first.
5. Nothing contained in this title shall alter or modify the right  of
  any town, city or village within the county regarding funding assistance
  due  from  the  county  as authorized pursuant to section twelve hundred
  sixty-two-e of the tax law.
6. The authority shall adopt guidelines for procurement  contracts  in
  accordance  with  section  twenty-eight  hundred  seventy-nine  of  this
  chapter.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 1 - Nassau County Interim Finance Authority › 3671 - Effect of Inconsistent Provisions.

§  3671.  Effect of inconsistent provisions. Insofar as the provisions
  of this title are inconsistent with the provisions  of  any  other  act,
  general  or  special,  or  of  any  charter,  local  law,  ordinance  or
  resolution of any municipality, the provisions of this  title  shall  be
  controlling.  Nothing  contained  in  this  section  shall  be  held  to
  supplement or otherwise expand the powers or  duties  of  the  authority
  otherwise set forth in this title.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 1 - Nassau County Interim Finance Authority › 3672 - Separability; Construction.

§   3672.   Separability;   construction.  If  any  clause,  sentence,
  paragraph, section, or part of this title shall be adjudged by any court
  of competent jurisdiction to be invalid, such judgment shall not affect,
  impair or invalidate the remainder thereof, but shall be confined in its
  operation to the clause, sentence, paragraph, section, or  part  thereof
  involved  in  the  controversy  in  which  such judgment shall have been
  rendered. The provisions of this title shall be liberally  construed  to
  assist the effectuation of the public purposes furthered hereby.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 2 - Buffalo Fiscal Stability Authority › 3850-A - Legislative Declaration of Need for State Intervention.

§  3850-a. Legislative declaration of need for state intervention. The
  legislature hereby finds and declares that the city of Buffalo is facing
  a severe fiscal crisis, and that the crisis cannot  be  resolved  absent
  assistance  from  the  state.  The  legislature  finds that the city has
  repeatedly relied on annual extraordinary  increases  in  state  aid  to
  balance  its  budget,  and  that  the state cannot continue to take such
  extraordinary actions on the  city's  behalf.  The  legislature  further
  finds  and declares that maintenance of a balanced budget by the city of
  Buffalo  is  a  matter  of  overriding  state  concern,  requiring   the
  legislature  to  intervene  to  provide  a  means whereby: the long-term
  fiscal stability  of  the  city  will  be  assured,  the  confidence  of
  investors in the city's bonds and notes is preserved, and the economy of
  both the region and the state as a whole is protected.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 2 - Buffalo Fiscal Stability Authority › 3852 - Buffalo Fiscal Stability Authority.

§ 3852. Buffalo fiscal stability authority. 1. There is hereby created
  the  Buffalo  fiscal  stability  authority.  The  authority  shall  be a
  corporate  governmental  agency  and  instrumentality   of   the   state
  constituting a public benefit corporation.
2.  The  authority shall conduct meetings as often as deemed necessary
  to accomplish its purposes, but not less than quarterly during a control
  period, and annually during an advisory period.
3. The authority shall continue until its control, advisory  or  other
  responsibilities,  and  its  liabilities  have  been  met  or  otherwise
  discharged, which in no event shall be later than  June  thirtieth,  two
  thousand thirty-seven. Upon the termination of the authority, all of its
  property and assets shall pass to and be vested in the city.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 2 - Buffalo Fiscal Stability Authority › 3855 - Assistance to the Authority; Employees of the Authority.

§  3855.  Assistance  to the authority; employees of the authority. 1.
  With the consent of  any  public  corporation,  the  authority  may  use
  agents,   employees  and  facilities  thereof,  paying  to  such  public
  corporation its agreed proportion of the compensation or costs.
2. Officers and employees of state or city agencies may be transferred
  to the authority without examination  and  without  loss  of  any  civil
  service  or  retirement status or rights. Any officer or employee of the
  authority who  heretofore  acquired  or  shall  hereafter  acquire  such
  position  status  by transfer and who at the time of such transfer was a
  member of the New York state  and  local  employees'  retirement  system
  shall  continue  to  be  a  member  of  such system as long as he or she
  continues in such service, and shall continue to have  all  the  rights,
  privileges and obligations of membership in such system.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 2 - Buffalo Fiscal Stability Authority › 3856 - City Fiscal Year Two Thousand Three--Two Thousand Four Budget Modification and Four-Year Financial Plan.

§  3856. City fiscal year two thousand three--two thousand four budget
  modification and four-year financial plan. 1. Not later  than  September
  first,  two  thousand  three,  the  city shall submit to the authority a
  financial plan which may reflect a declaration of need as  provided  for
  in  section  thirty-eight  hundred  sixty-one.  The plan shall cover the
  city's two thousand three--two thousand four fiscal year and  the  three
  subsequent fiscal years.
2. Not  later  than  fifteen days after such submission, the authority
  shall approve or disapprove the financial plan.
3. In the event the authority shall  disapprove  such  financial  plan
  based  on  disapproval  of certain actions or assumptions, the authority
  shall promptly thereafter notify the city of its reasons. Within fifteen
  days from the receipt of such notification the  city  shall  modify  the
  financial  plan, and unless such financial plan modification is approved
  by the authority, the authority shall impose a financial plan of its own
  formulation  as  soon  as  practicable,  as  provided  for  in   section
  thirty-eight hundred fifty-eight of this title.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 2 - Buffalo Fiscal Stability Authority › 3857-A - Efficiency Incentive Grants.

§ 3857-a. Efficiency incentive grants. By November tenth, two thousand
  five,  the  city  shall  develop  and submit to the authority a plan for
  achieving  recurring  savings  through  innovations  and  reengineering.
  Subject  to  appropriations  therefor  in  the  state  fiscal  years two
  thousand six--two thousand seven through two thousand ten--two  thousand
  eleven,  the  authority  shall  provide grants to support such city cost
  saving activities. State funding during such five year period shall  not
  exceed  fifty  million  dollars,  or  ten  million dollars annually, for
  grants provided pursuant to this section and section thirty-nine hundred
  fifty-seven-a of this article. Provided further,  copies  of  such  city
  plan  shall be submitted to the director of the budget, the chair of the
  state senate finance committee and the chair of the state assembly  ways
  and means committee.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 2 - Buffalo Fiscal Stability Authority › 3859 - Advisory Period.

§  3859.  Advisory period. 1. During any advisory period the authority
shall:
(a) obtain from the city, the  covered  organizations  and  the  state
comptroller,  all  information,  financial  statements  and projections,
budgetary data and information, and management reports and materials  as
the authority deems necessary or desirable to accomplish the purposes of
this  title;  and  inspect, copy and audit such books and records of the
city and the covered organizations as the authority deems  necessary  or
desirable to accomplish the purposes of this title;
(b)  review  the operation, management, efficiency and productivity of
city operations and of any  covered  organization's  operations  as  the
authority  may  determine, and make reports and recommendations thereon;
examine the potential to enhance the revenue of the city or any  covered
organization;  audit compliance with the financial plan in such areas as
the authority may determine; recommend  to  the  city  and  the  covered
organizations  such  measures  relating to their operations, management,
efficiency and productivity as the authority deems appropriate to reduce
costs, enhance revenue  and  improve  services  so  as  to  advance  the
purposes of this title;
(c)  comment  on  the provisions of the budget, the financial plan and
the financial plan modifications of the  city  as  the  authority  deems
necessary or appropriate;
(d)  review  and  comment  on  the  terms  of  any proposed borrowing,
including the prudence of each proposed issuance of bonds or notes to be
issued by the city; and
(e) assess the impact of any collective  bargaining  agreement  to  be
entered  into  by  the city and such contracts, that, in the judgment of
the authority, may have a significant impact  on  the  city's  long-term
fiscal condition.
2.  During  any  advisory  period, the city shall promptly provide all
information  requested  by   the   authority,   review   the   comments,
assessments,  reports  and recommendations of the authority and publicly
respond thereto, addressing such matters as  have  been  raised  by  the
authority.
2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 2 - Buffalo Fiscal Stability Authority › 3860 - Additional Provisions.

§ 3860. Additional provisions. 1. Notwithstanding any provision to the
  contrary in title six-A of article two of the local finance law, neither
  the city nor any covered organization shall file any petition authorized
  by  such title six-A without the approval of the authority and the state
  comptroller. No such petition shall be filed as long as any bonds, notes
  or other obligations issued by the authority remain outstanding. Failure
  of the authority or the state  comptroller  to  notify  the  city  or  a
  covered  organization  within  thirty days (or such additional time, not
  exceeding thirty days, as the authority or state comptroller shall  have
  notified  the  city or covered organization that it requires to complete
  its review) after submission to it of a  petition  shall  be  deemed  to
  constitute authority or state comptroller approval thereof.
2.  Nothing  contained in this title shall limit the right of the city
  or any covered  organization  to  comply  with  the  provisions  of  any
  existing  contract within or for the benefit of the holders of any bonds
  or notes of the city or such covered organization.
3. Nothing contained in this title shall be  construed  to  limit  the
  power  of  the city or a covered organization to determine, from time to
  time,  within  available  funds  for  the  city  or  for  such   covered
  organization,  the purposes for which expenditures are to be made by the
  city or such covered organization and the amounts of such  expenditures,
  consistent  with  the  aggregate  expenditures  then permitted under the
  financial plan for the city or such covered organization.
4. The authority's fiscal  year  shall  be  July  first  through  June
  thirtieth.
5.  The  authority shall adopt guidelines for procurement contracts in
  accordance  with  section  twenty-eight  hundred  seventy-nine  of  this
  chapter.