Section 1944. Appropriations for purposes of the authority; transfer of property to the authority; acquisition of property by municipality for authority; contracts with municipality  


Latest version.
  • 1. In addition to any powers  granted to  it  by  law,  any  municipality  may,  from  time  to  time,
      appropriate by resolution sums of money for purposes of the authority to
      defray auditorium costs or any other costs and expenses of the authority
      or  to pay amounts payable or anticipated to be payable to the authority
      pursuant to any agreement authorized  by  this  title.  Subject  to  the
      rights  of bondholders, such municipality may determine if the moneys so
      appropriated shall be subject to repayment by the authority and, in such
      event, the manner and time or times for such repayment.
        2. Any municipality may give, grant, sell, convey, loan or license the
      use of or lease to the authority any property, real, personal or  mixed,
      which  is useful to the authority in order to carry out its powers under
      this title. Any such transfer of property shall be  for  such  term  and
      upon such terms and conditions, subject to the rights of bondholders, as
      the  authority  and such municipality may agree, including provision for
      the authority to assume the primary responsibility for  the  payment  of
      any bonds or notes issued by such municipality for such property.
        3.  Notwithstanding  the provisions of any other law, general, special
      or local to the contrary, real property acquired by the authority or any
      municipality from the state may be used for any corporate purpose of the
      authority.
        4. One or more municipality and/or the authority shall have the  power
      to contract, from time to time, between or among themselves, in relation
      to  the  auditorium  which  contracts  may  include  any  or  all of the
      following provisions: (i) requiring the use by any municipality  of  the
      auditorium;  (ii)  limiting  the  right, including a prohibition, of any
      municipality to construct a facility  which  will  serve  the  same,  or
      substantially  the same, function as the auditorium; (iii) requiring the
      authority to reserve time in the auditorium to assure  the  availability
      to any municipality of a specified use of the auditorium; (iv) providing
      for  specified  minimum  periodic  payments  by  a  municipality  to the
      authority, whether or  not  the  auditorium  is  actually  used  by  the
      municipality,  subject  to  such  limitations, exceptions and provisions
      therein, and (v) requiring any municipality to pay to the authority such
      amounts as shall be necessary to assure the continued operation  of  the
      authority. All such payments shall be determined and paid in such manner
      and at such times as may be provided in such contracts.
        5.  Any  gift,  grant,  sale,  conveyance,  loan,  contract  or  lease
      authorized  by  this  section  may  be  made  or  entered  into  by  any
      municipality  and/or  the authority without a public hearing being first
      held therein and no such gift, grant, sale, conveyance,  loan,  contract
      or lease shall be subject to referendum, permissive or otherwise.
        6.  Notwithstanding  the  provisions  of  any law, general, special or
      local,  or  charter  provision  to  the  contrary,  the  city,  by   the
      affirmative  vote  of  not  less  than  a  majority of the entire voting
      strength of the board of estimate of said city, may sell or transfer, by
      deed, lease or other arrangement, to the authority the  auditorium.  Any
      such  agreement  of  sale  or  transfer  shall  be  upon  such terms and
      conditions as the governing body of said  city  and  the  authority  may
      agree.