2023 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, the  speaker  of  the  assembly,  the  temporary
  president  of the senate 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.