§ 1232-c. Nassau county sewer and storm water finance authority. 1. A\npublic benefit corporation, to be known as the "Nassau county sewer and\nstorm water finance authority" is hereby created for the public\npurposes, charged with the duties and having the powers provided in this\ntitle. The authority shall be a "covered organization", as such term is\ndefined pursuant to the Nassau county interim finance authority act in\nsubdivision ten of section thirty-six hundred fifty-one of this chapter,\nand shall maintain itself as a publicly rated investment grade entity.\nThe authority shall be a body corporate and politic constituting a\npublic benefit corporation, the objects of which in the judgment of the\nlegislature cannot be attained under general laws. The authority's\ngoverning body shall consist of seven members who shall be residents of\nthe county, and be appointed by the county executive and confirmed by\nthe county legislature; one upon the recommendation of the county\ncomptroller, two upon recommendation of the presiding officer of the\ncounty legislature and two upon recommendation of the minority leader of\nthe county legislature. No more than four members shall be members of\nthe same political party. The first members appointed by the county\nexecutive shall be appointed for the following terms of office: two for\na term ending on December thirty-first, two thousand five, three for a\nterm ending on December thirty-first, two thousand six and two for a\nterm ending on December thirty-first, two thousand seven. Subsequent\nappointments of members shall be made for a term of three years ending\nin each case on December thirty-first of the last year of such term. All\nmembers shall continue to hold office until their successors are\nappointed and qualify, provided that any member who is a county employee\nshall cease to hold office upon termination of his or her status as a\ncounty employee. Vacancies shall be filled in the same manner provided\nfor original appointment. Vacancies, occurring otherwise than by\nexpiration of term of office, shall be filled by appointment for the\nunexpired terms. The governing body shall appoint a chairperson, a vice\nchairperson and a treasurer from their own members and a secretary who\nneed not be a member. Members may be removed from office for the same\nreasons and in the same manner as may be provided by law for the removal\nof officers of the county. In addition, a member may be removed from\noffice for inefficiency, neglect of duty or misconduct in office, after\nthe governing body has given such member a copy of the charges against\nhim or her and opportunity to be heard in person or by counsel in his or\nher defense, upon not less than ten days notice. If a member fails to\nattend three consecutive regular meetings of the authority, unless such\nabsence is for good cause and is excused by the chairperson of the\nauthority or, in the case of the chairperson of the authority, by the\nchairperson of the county legislature, the office may be deemed vacant\nfor purposes of nomination and appointment of a successor. Members shall\nserve without compensation, but each member shall be entitled to\nreimbursement of their actual and necessary expenses, including travel\nexpenses, incurred in the discharge of their duties, provided that the\naggregate of such reimbursement allowance to any one member of the\nauthority in any one fiscal year of the authority shall not exceed the\nsum of five thousand dollars; provided, however, that the authority\nshall adopt by-laws regarding the approval of such reimbursement of\ntheir actual and necessary expenses that specifically include a\nprocedure for prior approval of such expenses by a majority vote of the\nauthority.\n 2. The powers of the authority shall be vested in and be exercised by\nthe governing body at a meeting duly called and held where a quorum of\nfour members is present. No action shall be taken except pursuant to the\nfavorab
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