Establishes the city of Dunkirk interim finance authority; provides for its functions, powers and duties; repeals the city of Dunkirk fiscal recovery.

The bill creates the city of Dunkirk interim finance authority, a public benefit corporation, to manage the city's finances. It outlines the authority's functions, including issuing bonds to finance costs and fund reserves, and its powers, such as entering into agreements and appointing officers. The bill also defines terms like "bonds," "city," and "major operating funds." It repeals the city of Dunkirk fiscal recovery act, ensuring the authority's provisions take precedence. The authority's revenues are exempt from state and city taxes, and its bonds are exempt from taxation.

Establishes the city of Dunkirk interim finance authority; provides for its functions, powers and duties; repeals the city of Dunkirk fiscal recovery.

The bill creates the city of Dunkirk interim finance authority, a public benefit corporation, to manage the city's finances. It outlines the authority's functions, including issuing bonds to finance costs and fund reserves, and its powers, such as entering into agreements and appointing officers. The bill also defines terms like "bonds," "city," and "major operating funds." It repeals the city of Dunkirk fiscal recovery act, ensuring the authority's provisions take precedence. The authority's revenues are exempt from state and city taxes, and its bonds are exempt from taxation.