N.Y. Public Authorities Law § 3952

Erie county fiscal stability authority

New York · New York Public Authorities Law · Status: effective · Effective 2014-09-22

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Citation: N.Y. Public Authorities Law § 3952, Erie county fiscal stability authority, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1120741
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§ 3952. Erie county fiscal stability authority. 1. There is hereby created the Erie county fiscal stability authority. The authority shall be a corporate governmental agency and instrumentality of the state constituting a public benefit corporation. 2. The authority shall conduct meetings as often as deemed necessary to accomplish its purposes, but not less than quarterly during a control period or annually during an advisory period. 3. The authority shall continue until its control, advisory or other responsibilities, and its liabilities have been met or otherwise discharged, which in no event shall be later than December thirty-first, two thousand thirty-nine. Upon the termination of the authority, all of its property and assets shall pass to and be vested in the county.