Section 2049-E. Advances on behalf of authority; transfer of property to authority; acquisition of property by town for authority

1. In addition  to any powers granted to it by law, the town 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 shall be repaid by the authority to the town
  at such time and in such manner  as  may  be  agreed  upon  between  the
  authority and the town board.
    2.  The  town or any other municipality 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 town or other municpality may agree.
    3. Notwithstanding the provisions of any other law,  general,  special
  or  local,  real property acquired by the authority or the town from the
  state may be used for any corporate purpose of the authority.