40-1126. Cooperation with federal
government
An authority may contract for and cooperate with and may accept grants,
contributions, or loans directly through the sale of securities or equipment, trust
certificates, or otherwise, from the United States, or any department, instrumentality,
or agency thereof, for the purpose of financing the acquisition, construction,
improvement, maintenance and operation of transportation facilities and equipment or for
the study and planning thereof, in accordance with any legislation which Congress may
have heretofore adopted or may hereafter adopt, under which aid, assistance and
cooperation may be furnished by the United States in the acquisition, construction,
improvement, maintenance and operation or in the financing of the acquisition,
construction, improvement, maintenance and operation of any such transit facility or
equipment. An authority, in dealing with the federal government or agencies thereof, may
waive any privilege or immunity if such action is deemed in the best interest of the
authority.
|