(b) Except as provided in paragraph (a) of this subdivision, the
authority and its corporate existence shall continue until terminated by
law, provided, however, that no such law shall take effect so long as
the authority shall have bonds or other obligations outstanding unless
adequate provision has been made for the payment or satisfaction
thereof. Upon termination of the existence of the authority, all of the
rights and properties of the authority then remaining shall pass to and
vest in the county.
5. It is hereby determined and declared, that the authority and the
carrying out of its powers and duties are in all respects for the
benefit of the people of the county and the state for the improvement of
their health, welfare and prosperity and that such purposes are public
purposes and that the authority is and will be performing an essential
governmental function in the exercise of the powers conferred upon it by
this title.
Structure New York Laws
Article 5 - Public Utility Authorities
Title 8-D - Rensselaer County Water and Sewer Authority
1199-B - Rensselaer County Water and Sewer District.
1199-C - Rensselaer County Water and Sewer Authority.
1199-D - Powers of the Authority.
1199-F - Governmental Capacity of the Authority and Municipalities.
1199-G - Transfer of Officers and Employees.
1199-H - Bonds of the Authority.
1199-I - Remedies of Bondholders.
1199-J - State and County Not Liable on Authority Bonds.
1199-K - Moneys of the Authority.
1199-L - Bonds Legal Investments for Fiduciaries.
1199-M - Agreement of the State.
1199-N - Exemption From Taxes, Assessments and Certain Fees.
1199-O - Actions Against Authority.
1199-Q - Interest in Contracts Prohibited.
1199-R - Audit and Annual Report.
1199-T - Environmental Applications, Proceedings, Approvals and Permits.
1199-U - County May Levy Tax Within District.
1199-V - Authority, Water Board and City to Take Affirmative Action.