Section 2050-VV. Transfer of environmental applications, proceedings, approvals and permits

Any application in relation to the purposes of or  contemplated  by  this  title  or  any  proceeding  commenced   by   any
  participating  municipality  with  the state department of environmental
  conservation, the department of transportation or any other state agency
  or instrumentality or with the United  States  environmental  protection
  agency or any other federal agency or instrumentality shall inure to and
  for  the  benefit  of  the  authority to the same extent and in the same
  manner as if the authority has been  a  party  to  such  application  or
  proceeding  and  the  authority  shall be deemed a party thereto, to the
  extent not prohibited by any federal law. Any license, approval,  permit
  or  decision  issued  or  granted pursuant to or as a result of any such
  application or proceeding shall inure to the benefit of and  be  binding
  upon  the  authority  and  shall  be  assigned  and  transferred  by the
  participating municipality to the authority, unless such assignment  and
  transfer is prohibited by federal law.