Section 2041-C. Advances on behalf of authority; transfer of property to authority; acquisition of property by participating counties for authority  


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  • 1.  In  addition  to  any  powers  granted to it by law, any  participating county may by resolution advance sums of money  to  or  on
      behalf  of  the authority to defray project costs or any other costs and
      expenses of the authority to be incurred prior to the first issuance  of
      bonds.  Subject  to  the  rights  of  any  bondholders,  the  moneys  so
      appropriated may be repaid by the authority to the participating  county
      at  such  time  and  in  such  manner  as may be agreed upon between the
      authority and the participating county.
        2. Any participating county or any other municipality within the  area
      of  operation  may give, grant, sell, convey, loan or 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  any  bondholders, as the authority and the
      participating county or other municipality may agree.
        3. Notwithstanding the provisions of any other law,  general,  special
      or  local,  real property acquired by the authority or any participating
      county from the state may be used  for  any  corporate  purpose  of  the
      authority.