Section 68. Disposal of records

1. Notwithstanding the provisions of any
  general, special or local law, the Utica transit authority or officer or
  employee thereof is hereby  empowered  to  destroy,  sell  or  otherwise
  dispose  of  any  book,  paper, map photograph, microphotograph or other
  record regardless of its physical form or characteristic, which has been
  made, acquired, or received or is now in its custody and which the Utica
  transit authority determines no longer  has  sufficient  administrative,
  legal,  fiscal,  research  or  historical value to warrant its continued
  retention  and  preservation,  provided  the  Utica  transit   authority
  authorizes such destruction, sale or other disposition.
    2.  The  provisions  of  this section shall not apply to the following
  records of the Utica transit authority unless copies for  retention  are
  reproduced as provided in section sixty-nine of this article:
    (a)  The  official  copy of the minutes of the Utica transit authority
  including appendices and attachments thereto.
    (b) The official copy of  any  annual  report  of  the  Utica  transit
  authority to the commissioner.
    (c)  Records  which  have not been retained for such period of time as
  may be required:
    (1) by the federal government or any of its agencies;
    (2) by rules and regulations of the state comptroller;
    (3) by rules and regulations of the commissioner.