Section 3952. Erie county fiscal stability authority

1. There is hereby
  created the Erie county 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 or 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 December thirty-first,
  two  thousand thirty-nine. Upon the termination of the authority, all of
  its property and assets shall pass to and be vested in the county.