§ 3950-a. Legislative declaration of need for state intervention. The\nlegislature hereby finds and declares that the county of Erie is facing\na severe fiscal crisis, and that the crisis cannot be resolved absent\nassistance from the state. The legislature further finds and declares\nthat maintenance of a balanced budget by the county of Erie is a matter\nof overriding state concern, requiring the legislature to intervene to\nprovide a means whereby: the long-term fiscal stability of the county\nwill be assured, the confidence of investors in the county's bonds and\nnotes is preserved, and the economy of both the region and the state as\na whole is protected.\n
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