New York Laws
Title 3 - Erie County Fiscal Stability Authority
3952 - Erie County Fiscal Stability Authority.

§ 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.

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