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N.Y. Pub. Auth. Law § 2053-d

Transfer of property to authority; acquisition of property by county for authority

2014-09-22

§ 2053-d. Transfer of property to authority; acquisition of property\nby county for authority. 1. The county or any other municipality may\ngive, grant, sell, convey, loan, license the use of or lease to the\nauthority any property or facility which is useful to the authority in\norder to carry out its powers and duties under this title. Any such\ntransfer of property shall be upon such terms and conditions, subject to\nthe rights of the holders of any bonds, subject to the provisions of\nsection two thousand fifty-three-f of this title, as the authority and\nthe county or other municipality may agree.\n 2. Notwithstanding the provisions of any other law, general, special\nor local, real property acquired by the authority, subject to the\nprovisions of section two thousand fifty-three-f of this title, or the\ncounty from the state may be used for any corporate purpose of the\nauthority.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.