Section 1199-FF. Advances on behalf of the authority; transfer of property to the authority; acquisition of property by county for authority  


Latest version.
  • 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  project  costs or any other 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. Any such transfer of  property  shall  be  upon
      such  terms  and conditions, subject to the rights of the holders of any
      bonds, as the authority and the county or other municipality may agree.
        3. The county may acquire by purchase or by exercise of the  power  of
      eminent domain real property in the name of the county for any corporate
      purpose of the authority.
        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.
        * NB There are 2 § 1199-ff's