N.Y.
Public Authorities Law Section 2661
Request for municipal assistance
1.
Notwithstanding the provisions of any general or special law to the contrary, the county of Schenectady may transfer to the authority from funds appropriated by the county legislature for the fiscal year beginning nineteen hundred ninety-eight, and each fiscal year thereafter, the amount the county deems necessary to assist the authority in its successful operation and achievement of its lawful goals, powers and purposes.2.
On or before August fifteenth, nineteen hundred ninety-nine, and on each August fifteenth thereafter, the chairman of the authority shall make and deliver to the chairman of the county legislature’s ways and means committee for his approval and for submission to the county legislature a request for financial support for the operation to the authority for the forthcoming fiscal year of the county. The request for financial support shall delineate the total amount needed by the authority from the county to achieve its lawful goals, powers and purposes, the source of all funds that the authority expects to receive from all other sources, and such other information as the chairman of the county legislature’s ways and means committee shall require. The chairman of the county legislature’s ways and means committee may recommend the request for financial support by the authority for the annual county budget appropriations to the authority if the chairman of the county legislature’s ways and means committee determines that the request for financial support will assist the authority to achieve its lawful goals, powers and purposes for the upcoming year. The chairman of the county legislature’s ways and means committee shall notify the chairman of the authority not later than October first of each year whether or not he has recommended to the county legislature the request for financial support to the authority.3.
The county may appropriate and provide to the authority an amount of money it deems necessary to provide the authority to assist it in its successful operation and achievement of its lawful goals, powers and purposes.4.
Notwithstanding the provisions of any general or special law to the contrary, no part of such county appropriations shall be available for the purposes designated until a certificate of approval of availability shall have been issued by the chairman of the county legislature’s ways and means committee and a copy of such certificate is filed with the county director of finance. Such certificate may be amended from time to time, subject to the approval of the chairman of the county legislature’s ways and means committee, and a copy of each such amendment shall be filed with the county director of finance.5.
Notwithstanding the provisions of any general or special law to the contrary, a town, city or village of Schenectady county may transfer to the authority from funds appropriated by the town, city or village for the fiscal year beginning nineteen hundred ninety-eight, and each fiscal year thereafter, the amount the town, city or village deems necessary to assist the authority in its successful operation and achievement of its lawful goals, powers and purposes.6.
On or before August fifteenth, nineteen hundred ninety-nine, and on each August fifteenth thereafter, the chairman of the authority shall make and deliver to the supervisor or mayor of such town, city or village for his approval and for submission to the town board, city council or village board a request for financial support for the operation of the authority for the forthcoming fiscal year of the town, city or village. The request for financial support shall delineate the total amount needed by the authority from the town, city or village to achieve its lawful goals, powers and purposes, the source of all funds that the authority expects to receive from all other sources, and such other information as the supervisor or mayor shall require. The supervisor or mayor may recommend the request for financial support by the authority for the annual town, city or village budget appropriations to the authority if the supervisor or mayor determines that the request for financial support will assist the authority to achieve its lawful goals, powers and purposes for the upcoming year. The supervisor or mayor shall notify the chairman of the authority not later than October first of each year whether or not he has recommenced to the town board, city council or village board the request for financial support to the authority.7.
A town, city or village of Schenectady county may appropriate and provide to the authority an amount of money it deems necessary to provide the authority to assist it in its successful operation and achievement of its lawful goals, powers and purposes.8.
Notwithstanding the provisions of any general or special law to the contrary, no part of such town, city or village appropriations shall be available for the purposes designated until a certificate of approval of availability shall have been issued by the supervisor or mayor of the town, city or village and a copy of such certificate is filed with the town, city or village’s director of finance. Such certificate may be amended from time to time, subject to the approval of the supervisor or mayor, and a copy of each such amendment shall be filed with the town, city or village’s director of finance.9.
The county of Schenectady shall dedicate net collections from sales and compensating use taxes imposed pursuant to the authority of section twelve hundred ten-C of the tax law at the rate of one-half of one percent, during the period beginning September first, nineteen hundred ninety-eight, and ending August thirty-first, two thousand thirty-eight, or, if the county does not impose taxes pursuant to the authority of section twelve hundred ten-C of the tax law, the county shall dedicate net collections from sales and compensating use taxes imposed during such period at the rate of one-half of one percent pursuant to the authority of Tax Law § 1210 (Taxes of cities and counties administered by state tax commission)section twelve hundred ten of the tax law, and shall quarterly deposit such net collections in the Schenectady metroplex development authority support fund established in accordance with subdivision (b) of section twelve hundred ten-C of the tax law. On January first, nineteen hundred ninety-nine, and then quarterly thereafter, the director of finance of Schenectady county shall transfer seventy percent of such net collections deposited in the Schenectady metroplex development authority support fund to the authority for deposit in the authority’s general fund. The authority may use such portion of such dedicated net collections received for any lawful purpose or power of the authority. On January first, nineteen hundred ninety-nine, and then quarterly thereafter, the director of finance of Schenectady county, after transferring seventy percent of such net collections to the authority for deposit in the authority’s general fund, shall transfer all remaining monies in the Schenectady metroplex development authority support fund to the Schenectady county real property tax abatement and economic development fund.
Source:
Section 2661 — Request for municipal assistance, https://www.nysenate.gov/legislation/laws/PBA/2661 (updated Oct. 7, 2016; accessed Apr. 27, 2024).
