2006 New York Code - General Powers Of The Authority.

 
    §  2782.  General powers of the authority. Except as otherwise limited
  by this title, the authority shall have power:
    1. to sue and be sued:
    2. to have a seal and alter the same at pleasure;
    3. to borrow money and issue bonds for any of its  corporate  purposes
  or its projects and to provide for the rights of the holders thereof;
    4. to make and alter by-laws for its organization and management, and,
  subject  to agreements with its bondholders, to make and alter rules and
  regulations governing the exercise of its powers and the fulfillment  of
  its purposes under this title;
    5. (a) to acquire by purchase, grant, lease, gift, or otherwise and to
  hold  and  use  property necessary, convenient or desirable to carry out
  its corporate purposes, and to sell, convey,  mortgage,  lease,  pledge,
  exchange or otherwise dispose of any such property in such manner as the
  authority shall determine;
    (b)  to  acquire  by  condemnation  pursuant  to the provisions of the
  eminent  domain  procedure  law  with  the  approval   of   the   county
  legislature;
    6.   to  acquire,  construct,  reconstruct,  lease,  expand,  improve,
  maintain,  equip,  furnish,  operate  one  or  more  projects  and,   if
  necessary, to pay or finance the cost thereof;
    7.  to  accept  gifts,  grants,  loans,  or  contributions of funds or
  property or financial or other aid in any  form  from,  and  enter  into
  contracts  or other transactions with, the federal government, the state
  or any public corporation or any other  source,  and  to  use  any  such
  gifts, grants, loans or contributions for any of its corporate purposes;
    8.  to grant options to renew any lease with respect to any project or
  projects and to grant options to buy any project at such  price  as  the
  authority may deem desirable;
    9. to designate the depositories of its money;
    10. to establish its fiscal year;
    11.  to  enter  into contracts, agreements and leases with the federal
  government,  the  state,  the  county,  any  person  or   other   public
  corporation  and  to  execute all instruments necessary or convenient to
  accomplishing its corporate purposes;
    12. to appoint such officers, employees and agents  as  the  authority
  may  require for the performance of its duties, and to fix and determine
  their qualifications, duties, and compensation subject to the provisions
  of the civil  service  law  and  any  applicable  collective  bargaining
  agreement,  and  to  retain  or  employ counsel, auditors, engineers and
  private consultants on a  contract  basis  or  otherwise  for  rendering
  professional, management or technical services and advice;
    13.  with  the  consent  of  the  county  executive, to use employees,
  agents, consultants and facilities of the county, paying the county  its
  agreed proportion of the compensation or costs;
    14.   to  make  and  adopt  plans,  surveys,  and  studies  necessary,
  convenient or desirable to the effectuation of the purposes  and  powers
  of the authority and to prepare recommendations in regard thereto;
    15.  to  enter upon such lands, waters or premises as in the judgement
  of the authority may be  necessary,  convenient  or  desirable  for  the
  purpose  of  making  surveys,  soundings,  borings  and  examinations to
  accomplish any purpose authorized by this  title,  the  authority  being
  liable for actual damage done;
    16. the authority may covenant and consent that the interest on any of
  its  bonds  or  notes issued pursuant to this title shall be includable,
  under the United States Internal Revenue Code of 1986, as  amended  (the
  "code")  or  any  subsequent  corresponding  internal revenue law of the
  United States, in gross income of the holders of the bonds or  notes  to
  the  same  extent  and  in  the  same manner that the interest on bills,
  bonds, notes or other obligations of the United States is includable  in
  the  gross  income  of  the  holders  thereof under the code or any such
  subsequent law;
    17.  to  do all things necessary, convenient or desirable to carry out
  its purposes and for the exercise of the powers granted in this title;
    18. to insure or provide for the insurance of the authority's property
  or operations as required by law and also against such  other  risks  as
  the authority may deem advisable.