Section 1232-E. Advances on behalf of the authority; transfer of property to authority

1. In addition to any powers granted to it by law, the county  from  time  to time may appropriate sums of money to or on behalf of the
  authority to defray costs and expenses of the authority. Subject to  the
  rights  of  bondholders,  the  county  may  determine  if  the moneys so
  appropriated shall be subject to  repayment  by  the  authority  to  the
  county  and,  in  such  event,  the  manner  and  time or times for such
  repayment.
    2. The county or any other municipality may give, grant, sell, convey,
  loan, license the use of or lease  to  the  authority  any  property  or
  facility  which  is  useful  to  the authority in order to carry out its
  powers under this title; provided, however, that any  such  transfer  of
  property  shall  be  upon  such  terms and conditions and subject to the
  rights of the holders of any bonds, as the authority and the  county  or
  other  municipality  may  agree.  Notwithstanding  the provisions of any
  state or local law to the contrary, the county  shall  transfer  to  the
  authority  any  funds  which  were in the prior districts' accounts upon
  dissolution thereof, as well as any prior district fund balance held  by
  the  county  on  behalf  of  the  prior  districts,  or grant recoveries
  received in connection with assets acquired by the  authority  from  the
  county,  which  funds  shall  be  used  by the authority for the limited
  purposes of supporting necessary capital investments, debt service, debt
  service-related expenses and reserve requirements in a manner consistent
  with the rate stabilization program established in section  six  of  the
  chapter of the laws of two thousand three which added this title.
    3.  Notwithstanding the foregoing, the county shall not have authority
  to give, grant or sell to the authority any  real  property  upon  which
  county owned facilities are located.
    4.  Notwithstanding  the provisions of any other law, general, special
  or local to the contrary, real property acquired by the authority or the
  county from the state may be used  for  any  corporate  purpose  of  the
  authority.