Establishes the City of Dunkirk Interim Finance Authority and repeals the City of Dunkirk Fiscal Recovery Act.

The bill establishes the City of Dunkirk Interim Finance Authority, a public benefit corporation, to oversee the city's financial operations. The authority is tasked with issuing bonds, managing tax revenues, and ensuring compliance with financial plans. It can impose control periods, suspend salary increases, and withhold state aid if necessary. The authority's powers include suing, making contracts, and investing funds. The bill also outlines the authority's administration, powers, and duties, including the appointment of directors and the issuance of bonds.

Establishes the City of Dunkirk Interim Finance Authority and repeals the City of Dunkirk Fiscal Recovery Act.

The bill establishes the City of Dunkirk Interim Finance Authority, a public benefit corporation, to oversee the city's financial operations. The authority is tasked with issuing bonds, managing tax revenues, and ensuring compliance with financial plans. It can impose control periods, suspend salary increases, and withhold state aid if necessary. The authority's powers include suing, making contracts, and investing funds. The bill also outlines the authority's administration, powers, and duties, including the appointment of directors and the issuance of bonds.