2006 New York Code - Purpose And Powers Of The Authority.

 
    §  1428.  Purpose  and  powers  of  the  authority. The purpose of the
  authority shall be to  construct,  operate  and  maintain  one  or  more
  projects  in  the  city.  To carry out said purpose, the authority shall
  have power:
    1. To sue and be sued;
    2. To have a seal and alter the same at pleasure;
    3. To acquire, hold and dispose of personal property for its corporate
  purposes, including the  power  to  purchase  prospective  or  tentative
  awards in connection with the condemnation of real property;
    4.  To  acquire  by  purchase,  grant,  lease,  gift,  condemnation or
  otherwise, and  use  real  property  necessary  or  convenient  for  its
  corporate  purposes  and  to  sell,  convey,  mortgage,  lease,  pledge,
  exchange, or otherwise dispose of such property in such  manner  as  the
  authority  may  determine; provided that the location of the site of any
  project shall be subject to the prior approval of the planning board  of
  the  city.  All  real property acquired by the authority by condemnation
  shall be acquired in the manner provided in the eminent domain procedure
  law or in the manner provided by law for the condemnation of land by the
  city;
    5. To make by-laws for the management and regulation of  its  affairs,
  and,  subject  to agreements with bondholders, for the regulation of the
  project;
    6. With the  consent  of  the  city  to  use  agents,  employees,  and
  facilities of the city, including the corporation counsel, paying to the
  city its agreed proportion of the compensation or costs;
    7.  To  appoint  officers,  agents  and  employees, to prescribe their
  qualifications and to fix their compensation; subject, however,  to  the
  provisions of the civil service law, as hereinafter provided;
    8.  To  make  contracts  and  leases,  and  to execute all instruments
  necessary or convenient;
    9. To construct such buildings, structures and facilities  as  may  be
  necessary or convenient;
    10.  To  construct,  develop, maintain and operate the projects and to
  contract in relation thereto with the city and with other  persons,  and
  to  sell,  lease  or otherwise dispose of any project or part thereof to
  any person, provided such person shall undertake to operate and maintain
  any project or part thereof subject to such conditions  and  limitations
  as  the  authority  may  determine  to  be  in  the  public interest and
  consistent with its public purposes;
    11. To accept grants, loans or contributions from the  United  States,
  the  state  of  New  York, or any agency or instrumentality of either of
  them, or the city, and to expend the proceeds for any  purposes  of  the
  authority;
    12.  To fix and collect rentals, fees and other charges for the use of
  the projects or any of them subject  to  and  in  accordance  with  such
  agreements with bondholders as may be made as hereinafter provided;
    13.  To  construct, operate or maintain in the projects all facilities
  necessary or convenient in connection therewith; and to contract for the
  construction, operation or maintenance  of  any  parts  thereof  or  for
  services  to be performed; to rent parts thereof, and grant concessions,
  all on such terms and conditions as it may determine.
    14. To enter into agreements with one or more  financing  agencies  to
  provide  for  the acceptance by the authority of credit cards as a means
  of payment of rentals, rates, fees and other charges owed by a person to
  the authority. Any such agreement shall govern the terms and  conditions
  upon  which  a credit card proffered as means of payment of a fee, rate,
  rent or other charge shall be accepted or declined and the manner in and
  conditions upon which the financing agency shall pay  to  the  authority
  the  amount  of  fees,  rates, rents or other charges paid by means of a
  credit card pursuant to such agreement. Any such agreement  may  provide
  for  the  payment  by the authority to such financing agency of fees for
  the  services  provided  by  such  financing  agency  pursuant  to  such
  agreement, which fees may consist of a discount deducted from or payable
  in respect to the amount of such fee, rate,  rent  or  other  charge  or
  otherwise  as  the  agreement  may provide. If the authority has entered
  into an agreement pursuant to this subdivision,  it  may  accept  credit
  cards  as  a means of payment of fees, rates, rents or other charges, as
  provided in any such agreement and may pay such fees as are specified in
  such agreement to such financing agency thereunder.  The  authority  may
  promulgate   any  rules  or  regulations  necessary  to  carry  out  the
  provisions of this subdivision. For the purposes  of  this  subdivision,
  the  terms "credit card," "financing agency" and "person" shall have the
  same meaning as provided in subdivision  (a)  of  section  five  of  the
  general municipal law.