§ 3657. Resources of the authority. 1. Subject to the provisions of\nthis title, the directors of the authority shall receive, accept,\ninvest, administer, expend and disburse for its corporate purposes all\nmoney of the authority from whatever sources derived including (a) tax\nrevenues; (b) the proceeds of bonds; and (c) any other payments, gifts\nor appropriations to the authority from any other source.\n 2. Subject to the provisions of any contract with bondholders, (a) the\nmoney of the authority shall be paid to the authority and shall not be\ncommingled with any other money, and (b) all money received by the\nauthority which, together with other money of the authority available\nfor the expenses of the authority, the payment of debt service and\npayments to reserve funds, exceeds the amount required for such\npurposes, as determined by the authority, shall, subject to the\nprovisions of subdivision six of this section and to the terms of any\nagreement between the authority and the county, be transferred to the\ncounty as frequently as practicable.\n 3. The money in any of the authority's accounts shall be paid out on\nchecks signed by the treasurer of the authority, or by other lawful and\nappropriate means such as wire or electronic transfer, on requisitions\nof the chairperson of the authority or of such other officer as the\ndirectors shall authorize to make such requisition, or pursuant to a\nbond resolution or trust indenture.\n 4. All deposits of authority money shall be secured by obligations of\nthe United States or of the state or of the county at a market value at\nleast equal at all times to the amount of the deposit, and all banks and\ntrust companies are authorized to give such security for such deposits.\nThe authority shall have the power, notwithstanding the provisions of\nthis section, to contract with the holders of any of its bonds as to the\ncustody, collection, securing, investment and payment of any money of\nthe authority or any money held in trust or otherwise for the payment of\nbonds or in any way to secure bonds, and to carry out any such contract\nnotwithstanding that such contract may be inconsistent with the other\nprovisions of this title. Money held in trust or otherwise for the\npayment of bonds or in any way to secure bonds and deposits of such\nmoney may be secured in the same manner as money of the authority, and\nall banks and trust companies are authorized to give such security for\nsuch deposits.\n 5. Tax revenues received by the authority pursuant to section twelve\nhundred sixty-one of the tax law, together with any other revenues\nreceived by the authority, shall be applied in the following order of\npriority: first pursuant to the authority's contracts with bondholders,\nthen to pay the authority's operating expenses not otherwise provided\nfor, and then, subject to the authority's agreements with the county, to\ntransfer the balance of such tax revenues not required to meet\ncontractual or other obligations of the authority to the county as\nfrequently as practicable.\n 6. (a) This subdivision shall apply only to revenue anticipation\nnotes, including renewals thereof, issued by the county during its\nfiscal year ending December thirty-first, two thousand, in anticipation\nof the receipt of county tax revenues, and only to such issues of\nrevenue anticipation notes as to which the certificate described in\nparagraph (b) of this subdivision is filed.\n (b) Notwithstanding the provisions of subdivision five of this section\nwith respect to the transfer of the balance of tax revenues to the\ncounty, prior to the delivery of each such issue of revenue anticipation\nnotes, the chief fiscal officer of the county shall file with the\nauthority a request that the authority establish a county of Nassau\nrevenue anticipation note withholding fund which shall constitute a\nspecial bank account for purposes of paragraph g of section 25.00 of the\nlocal finance law. Such request by
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