1689-G - Local government infrastructure; authority financing of eligible wirless 911 capital equipment.

§  1689-g.  Local  government  infrastructure;  authority financing of  eligible wireless 911 capital equipment. 1. Definition. For the purposes  of this section "eligible wireless 911 capital equipment" shall include,  but not be limited to, radio  equipment,  computer  equipment,  dispatch  equipment,  including consoles and monitors, telecommunications switches  and any other equipment  necessary  and  attendant  to  a  911  wireless  telecommunications system.    2.  Notwithstanding  any  other  provision of law to the contrary, the  authority  is  hereby  authorized  to  issue  bonds,  notes   or   other  obligations  in  one  or  more  series  including  bonds, notes or other  obligations issued to finance one or more debt service reserve funds, to  pay the cost of issuance of such bonds, notes or other obligations,  and  bonds,  notes  or  other obligations issued to refund or otherwise repay  such bonds, notes  or  other  obligations  previously  issued,  for  the  purpose  of  financing  the  costs  of  eligible  wireless  911  capital  equipment  for  any  political  subdivisions  eligible  to  receive  aid  pursuant to a chapter of the laws of two thousand two. Such bonds, notes  or  other obligations issued by the authority shall not be a debt of the  state or the political subdivision, and  the  state  and  the  political  subdivision  shall  not be liable thereon, nor shall they be payable out  of any funds other than those made available by  an  eligible  political  subdivision subject to annual appropriation by the political subdivision  as  provided  in  subdivision three of this section or state aid pledged  and assigned by a  political  subdivision  to  the  authority  for  debt  service   payments  and  related  expenses  pursuant  to  any  financing  agreement entered into pursuant to subdivision three of this section.    3. Notwithstanding any other provision of  law  to  the  contrary,  in  order  to  assist  the  authority  in undertaking the administration and  financing of wireless  911  capital  equipment  authorized  pursuant  to  subdivision  two  of  this section, an eligible political subdivision is  hereby authorized to enter into one or more  financing  agreements  with  the  authority  none  of  which shall exceed ten years in duration, upon  such terms and conditions as the authority  and  an  eligible  political  subdivision  agree,  so  as to annually provide to the authority, in the  aggregate, a sum not to exceed the  annual  debt  service  payments  and  related  expenses  required  for  the  bonds, notes or other obligations  issued pursuant to this section. Any financing  agreement  entered  into  pursuant  to  this  subdivision shall not constitute debt of an eligible  political subdivision  within  the  meaning  of  any  constitutional  or  statutory provisions and shall be deemed executory only to the extent of  moneys  available for such purposes, subject to annual appropriations of  the eligible political subdivision. Any such financing agreement or  any  payments made or to be made thereunder may be assigned or pledged by the  authority  as  security  for  its  bonds,  notes  or  other  obligations  authorized by this section. The provisions of section one hundred nine-b  of the general municipal law shall not be applicable  to  any  financing  agreement entered into between an eligible political subdivision and the  authority for the issuance of any bonds, notes, or other obligations for  any  eligible  911  wireless  capital  equipment  which  may be financed  pursuant to this section. Notwithstanding the foregoing,  any  political  subdivision  entering  into  an  agreement  with  the authority shall be  subject to the provisions of  subdivision  five  and  paragraph  (c)  of  subdivision  6  of  section  one hundred nine-b of the general municipal  law.    4. Whenever the authority enters into a financing  agreement  with  an  eligible  political  subdivision, each eligible political subdivision is  hereby authorized, in connection with the financing agreement, to assign  and pledge to the authority, a sufficient portion of any and all  publicfunds  to be apportioned or otherwise to be made payable to the eligible  political subdivision by the state of New York,  for  payments  required  under the financing agreement between the eligible political subdivision  and the authority.    5.  All local and state officers are hereby authorized and required to  pay all funds so assigned and pledged pursuant to subdivisions three and  four of this section to the authority or,  upon  the  direction  of  the  authority,  to  any  trustee  of  any  authority  bond,  note  or  other  obligation issued pursuant to  a  certificate  filed  by  the  authority  pursuant to the provisions of this section.    6. The authority shall submit annually to the governor, and the chairs  of  the  assembly  ways and means and senate finance committees a report  which shall include but not be limited to, detailed information  on  the  financing  activity  pursuant to this section, and a detailed summary of  the financing agreements entered into with any political subdivision.