Research

Administrative History

The Nassau County Interim Finance Authority was established in 2000 to monitor the county's finances, make transitional state aid available as it deems necessary, and comment on proposed borrowings by the county and "covered organizations." In the event that the county does not meet or seems unlikely to meet specific criteria outlined in the legislation that created the authority, the authority can impose a control period during which it can approve or disapprove proposed contracts and borrowings; withhold transitional state aid; approve, disapprove, or modify the county's financial plan; issue binding orders to local officials; and mandate wage freezes.