New York Public Authorities Law Title 1 - NASSAU COUNTY INTERIM FINANCE AUTHORITY

• 3650 - Short Title.
  This title shall be known and may be cited as the "Nassau County Interim Finance Authority Act".
• 3651 - Definitions.
  For the purposes of this title, unless the context otherwise requires: 1. "Authority" or "Nassau county interim finance authority" means the public benefit corporation created...
• 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...
• 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...
• 3654 - General Powers of the Authority.
  Except as otherwise limited by this title, the authority shall have the following powers in addition to those specially conferred elsewhere in this title, subject...
• 3655 - Declaration of Need.
  1. The county shall determine and declare whether it requests the authority to undertake a financing of costs. Any such request shall be made by...
• 3656 - Bonds of the Authority.
  1. The authority shall have the power and is hereby authorized from time to time to issue bonds in such principal amounts as it may...
• 3657 - Resources of the Authority.
  1. Subject to the provisions of this title, the directors of the authority shall receive, accept, invest, administer, expend and disburse for its corporate purposes...
• 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...
• 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...
• 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...
• 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...
• 3662 - Actions Against the Authority.
  1. Except in an action for wrongful death, no action or proceeding shall be prosecuted or maintained against the authority for personal injury or damage...
• 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...
• 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...
• 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...
• 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...
• 3667 - County Financial Plans.
  1. The county executive shall prepare and submit to the authority a four-year financial plan, initially for the fiscal years ending December thirty-first, two thousand...
• 3668 - Monitoring and Review.
  Except as otherwise provided in section thirty-six hundred sixty-nine of this title, the authority shall: 1. conduct meetings at least annually; 2. obtain from the...
• 3669 - Control Period.
  1. The authority shall impose a control period upon its determination at any time that any of the following events has occurred or that there...
• 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...
• 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,...
• 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...

Last modified: February 3, 2019