New York Laws
Title 34 - Syracuse Regional Airport Authority
2799-EEE - Advances on Behalf of Authority, Transfer of Property to Authority, Acquisit Ion of Property by City or Authority.

§ 2799-eee. Advances on behalf of authority, transfer of property to
authority, acquisition of property by city or authority. 1. In addition
to any powers granted to it by law, the city or any other public
corporation may, from time to time, appropriate by ordinance or
resolution sums of money to defray project costs or any other costs and
expenses of the authority including operating expenses. Subject to the
rights of bondholders, the city or such other public corporation may
determine if the moneys so appropriated shall be subject to repayment by
the authority to the city or such other public corporation and, in such
event, the manner and time or times for such repayment.

2. Notwithstanding any inconsistent provision of any general, special
or local law, ordinance, resolution or charter, any public corporation
may, by a majority vote of its governing body and the approval of its
chief executive officer, give, grant, sell, convey, loan, license the
use of or lease to the authority any property or facilities, including
aviation facilities and pollution control facilities, which are useful
in connection with the exercise by the authority of its powers under
this title. Any such gift, grant, sale, conveyance, loan, license or
lease shall be upon such terms and conditions, and for such term or
terms of years, subject to the rights of the holders of any bonds, as
the authority and such public corporation may agree. Any such gift,
grant, sale, conveyance, lease, loan or license shall not be subject to
referendum, permissive or mandatory. In the event that any public
corporation gives, grants, sells, conveys, loans, licenses or leases any
aviation facilities, real property, facilities or pollution control
facilities to the authority, such public corporation may contract with
the authority to lease, borrow, license, operate, maintain, manage and
provide services for such real property or facilities upon such terms
and conditions and for such term or terms of years, subject to the
rights of holders of bonds, as the authority and such public corporation
may agree. The authority, in furtherance of any purchase, conveyance or
lease of any property or facility from any public corporation, may
assume the primary responsibility for the payment of the principal and
interest on any bonds or notes issued by such public corporation for
such property or facility. For purposes of section 136.00 of the local
finance law, any agreement by the authority to assume the primary
responsibility for the payment of the principal and interest on any
bonds or notes issued by any such public corporation shall, so long as
such agreement shall continue to be honored by the authority, cause such
bonds or notes to be deemed to have been refunded and any such public
corporation may deduct from its gross indebtedness any outstanding
indebtedness contracted for such property or facility to be acquired by
the authority.

3. The city may acquire by purchase, grant, lease, gift or
condemnation pursuant to the eminent domain procedure law real property
in the name of the city for any corporate purpose of the authority.

4. Notwithstanding the provisions of any other law, general, special
or local, real property acquired by the authority or the city from the
state may be used for any corporate purpose of the authority.