New York Laws
Title 1 - Nassau County Interim Finance Authority
3670 - Miscellaneous Provisions.

§ 3670. Miscellaneous provisions. 1. Notwithstanding anything to the
contrary in title six-A of article two of the local finance law, neither
the county nor any covered organization shall file any petition
authorized by such title six-A without the approval of the authority and
the state comptroller. No such petition shall be filed as long as any
bonds issued by the authority remain outstanding. Failure of the
authority or the state comptroller to notify the county or a covered
organization within thirty days (or such additional time, not exceeding
thirty days, as the authority or state comptroller shall have notified
the county or covered organization that it requires to complete its
review) after submission to it of a petition shall be deemed to
constitute authority or state comptroller approval thereof.

2. Nothing contained in this title shall limit the right of the county
or any covered organization to comply with the provisions of any
existing contract within or for the benefit of the holders of any bonds
or notes of the county or such covered organization.

3. Nothing contained in this title shall be construed to limit the
power of the county or a covered organization during any interim finance
period to determine, from time to time, within available funds for the
county or for such covered organization, the purposes for which
expenditures are to be made by the county or such covered organization
and the amounts of such expenditures, consistent with the aggregate
expenditures then permitted under the financial plan for the county or
such covered organization.

4. The authority's fiscal year shall be January first through December
thirty-first.

5. Nothing contained in this title shall alter or modify the right of
any town, city or village within the county regarding funding assistance
due from the county as authorized pursuant to section twelve hundred
sixty-two-e of the tax law.

6. The authority shall adopt guidelines for procurement contracts in
accordance with section twenty-eight hundred seventy-nine of this
chapter.