New York Laws
Title 3 - Erie County Fiscal Stability Authority
3953 - Administration of the Authority.

§ 3953. Administration of the authority. 1. The authority shall be
administered by seven directors appointed by the governor. Of the seven
directors, one each shall be appointed on the written recommendation of
the temporary president of the state senate, the speaker of the state
assembly and the state comptroller, respectively. One member appointed
directly by the governor and the members appointed on the recommendation
of the temporary president of the state senate, the recommendation of
the speaker of the state assembly and the recommendation of the state
comptroller shall be residents of the county. Each director shall be
appointed for a term of four years, provided however, that two of the
directors first appointed by the governor shall serve for a term ending
December thirty-first, two thousand nine, and the remaining five
directors first appointed shall serve for the following terms: the
directors appointed on recommendation of the temporary president of the
state senate, the speaker of the state assembly and the state
comptroller shall serve for a term ending December thirty-first, two
thousand ten and the two remaining directors first appointed directly by
the governor shall serve for a term ending on December thirty-first, two
thousand eleven. Each director shall hold office until his or her
successor has been appointed and qualified. Thereafter each director
shall serve a term of four years, except that any director appointed to
fill a vacancy shall serve only until the expiration of his or her
predecessor's term.

2. The governor shall designate a chairperson and a vice-chairperson
from among the directors. The chairperson shall preside over all
meetings of the directors and shall have such other duties as the
directors may prescribe. The vice-chairperson shall preside over all
meetings of the directors in the absence of the chairperson and shall
have such other duties as the directors may prescribe.

3. The directors of the authority shall serve without salary, but each
director shall be reimbursed for actual and necessary expenses incurred
in the performance of such director's official duties as a director of
the authority.

4. Notwithstanding any inconsistent provision of any general, special
or local law, ordinance, resolution or charter, no officer, member or
employee of the state, any city, county, town or village, any
governmental entity operating any public school or college, any school
district or any other public agency or instrumentality which exercises
governmental powers under the laws of the state, shall forfeit his or
her office or employment by reason of his or her acceptance of
appointment as a director, officer or employee of the authority; nor
shall service as such director, officer or employee of the authority be
deemed incompatible or in conflict with such office or employment.

5. Four directors shall constitute a quorum for the transaction of any
business or the exercise of any power of the authority. No action shall
be taken by the authority except pursuant to a favorable vote of at
least four directors participating in a meeting at which such action is
taken.

6. The authority shall appoint a treasurer and may appoint officers
and agents as it may require and prescribe their duties.

7. At least annually, commencing no more than one year after the date
on which authority bonds, notes or other obligations are first issued,
the authority shall report to the county executive, legislature,
comptroller, the director of the budget, the chair of the state senate
finance committee, the chair of the state assembly ways and means
committee and the state comptroller on the amount of financing and the
cost savings for the county over the past year.