N.Y. Public Authorities Law 3653 – Administration of the authority
§ 3653. 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 majority leader of the state senate, the speaker of the state assembly and the state comptroller, respectively. Two of the members appointed directly by the governor and the members appointed on the recommendation of the majority leader 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 of Nassau. 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 four, and the five other directors first appointed shall serve for the following terms: the directors appointed on recommendation of the majority leader 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 five and the two remaining directors first appointed directly by the governor shall serve for a term ending on December thirty-first, two thousand six. 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.
Terms Used In N.Y. Public Authorities Law 3653
- Bonds: means bonds, notes and other evidences of indebtedness, issued or incurred by the authority. See N.Y. Public Authorities Law 3651
- Comptroller: means the comptroller of the county. See N.Y. Public Authorities Law 3651
- costs: means costs to finance (a) amounts necessary to accomplish a refunding, repayment or restructuring of a portion of the county's outstanding indebtedness or that of any covered organization, (b) cash flow needs of the county, (c) tax certiorari settlements and judgments of any kind to which the county is a party, (d) appropriated capital costs of the county, including the costs of any preliminary studies, surveys, maps, plans, estimates and hearings, (e) amounts necessary to finance any county deficit, to the extent authorized by state law, or (f) incidental costs, including, but not limited to, legal fees, printing or engraving, publication of notices, taking of title, apportionment of costs, and capitalized interest, insurance premiums, costs related to items authorized in subdivisions seven through ten of section thirty-six hundred fifty-four of this title or any underwriting or other costs incurred in connection with the financing thereof. See N.Y. Public Authorities Law 3651
- County: means the county of Nassau. See N.Y. Public Authorities Law 3651
- County executive: means the county executive of the county. See N.Y. Public Authorities Law 3651
- Director of the budget: means the director of the budget of the state. See N.Y. Public Authorities Law 3651
- Legislature: means the legislature of the county. See N.Y. Public Authorities Law 3651
- Majority leader: see Floor Leaders
- Quorum: The number of legislators that must be present to do business.
- State: means the state of New York. See N.Y. Public Authorities Law 3651
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 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 of New York, 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 are first issued, the authority shall report to the county executive, county legislature, the county comptroller, the director of the budget, the speaker of the assembly, the temporary president of the senate and the state comptroller on the costs financed by the authority and the amount of such financing for each such cost over the past year.