The title of this chapter shall be a "Local Law Authorizing Contributions
to and Contracts with Local Development Corporations."
The purpose of this chapter is to provide authorization for the Town
Board of the Town of Queensbury to make contributions to and contracts with
local development corporations, in limited circumstances, where the funds
so contributed will be used for essential governmental functions, as said
governmental functions are more specifically described in the Not-for-Profit
Corporation Law § 1411.