Section 733. Funds of the authority  


Latest version.
  • Notwithstanding the reconstitution and
      continuation of the Ogdensburg bridge authority and the abolition of the
      Ogdensburg  port  authority,  effectuated  by  this  title, or any other
      provision of this chapter, moneys constituting  the  fund  or  funds  of
      either  the Ogdensburg bridge authority or the Ogdensburg port authority
      may be merged for the payment of debts  and  obligations,  but  separate
      accounting records shall be maintained.
        Notwithstanding  any other provision of law, and except as hereinafter
      provided in section thirteen hundred eighty-seven of this  chapter,  all
      moneys  hereafter  received  by the Ogdensburg bridge and port authority
      pursuant to the provisions of title  eight  of  article  three  of  this
      chapter, and all moneys hereafter received pursuant to the provisions of
      title  three  of  article  six  of  this  chapter, may be merged for the
      payment of debts and obligations, but separate accounting records  shall
      be maintained.
        Notwithstanding  the provisions of this section, titles eight and nine
      of article three and title three of article six or any other  provisions
      of  this  chapter,  any moneys in either the "Ogdensburg bridge fund" or
      the  "Ogdensburg  port  fund"  not  necessary  or  required   for   cash
      expenditures,  as  may  be determined and certified from time to time by
      the state  director  of  the  budget,  shall,  in  amounts  also  to  be
      determined  and  certified by him, be available for and may be loaned to
      or from either of the funds above mentioned. Amounts so  loaned  between
      such  funds  shall  be  repaid without interest into the fund from which
      each such loan was made.