2012 New York Consolidated Laws
PBA - Public Authorities
Article 8 - MISCELLANEOUS AUTHORITIES
Title 19 - (2460 - 2488) NEW YORK STATE SPORTS AUTHORITY
2464 - General powers of the authority.

 
    * § 2464. 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 acquire, hold and dispose of personal property for its corporate
  purposes,  including  the  power  to  purchase  prospective or tentative
  awards in connection with the appropriation of real property;
    4.  To  acquire,  in  the  name  of  the  authority,  by  purchase  or
  appropriation, real property or rights or easements therein necessary or
  convenient  for  its corporate purposes, and, except as may otherwise be
  provided herein, to use the same so  long  as  its  corporate  existence
  shall continue;
    5.  To  make  and  alter  by-laws  for  its  organization and internal
  management, and rules and regulations  governing  the  exercise  of  its
  powers and the fulfillment of its purposes under this title;
    6.  To  appoint  such officers and employees as it may require for the
  performance  of  its  duties,   and   to   fix   and   determine   their
  qualifications,  duties,  and  compensation  and  to  retain  or  employ
  counsel, auditors, engineers, architects and private  consultants  on  a
  contract  basis  or  otherwise  for  rendering professional or technical
  services and advice;
    7. To make contracts  and  leases,  and  to  execute  all  instruments
  necessary or convenient;
    8. To examine and approve all leases and agreements of a participating
  municipality, relating to the sports facility;
    9.   To  acquire,  construct,  reconstruct,  construct  additions  to,
  improve, maintain and  operate  sports  facilities  including,  but  not
  limited   to,   buildings,  structures,  parking  and  other  facilities
  ancillary or appurtenant to such sports facilities as may  be  necessary
  or  convenient  until  responsibility therefor may be transferred to the
  participating municipality;
    10. To contract for and to accept any gifts  or  grants  or  loans  of
  funds or property or financial or other aid in any form from the federal
  government  or  any agency or instrumentality thereof, or from the state
  or any agency or instrumentality thereof,  or  from  any  other  source,
  public  or  private,  and  to  comply, subject to the provisions of this
  title, with the terms and conditions thereof;
    11. To fix and collect any payments, fees and other  charges  for  the
  use  of  the  sports  facility  subject  to  and in accordance with such
  agreements with bondholders as may be made as hereinafter provided;
    12. To borrow money and issue negotiable  bonds  and  notes  or  other
  obligations  and  to  provide  for and secure the payment thereof and to
  provide for the rights of the holders thereof;
    13. To invest any funds held in  reserve  or  sinking  funds,  or  any
  moneys not required for immediate use or disbursement, at the discretion
  of  the  authority, in (a) obligations of the state or the United States
  government, its agencies  and  instrumentalities,  (b)  obligations  the
  principal  and  interest  of  which  are  guaranteed by the state or the
  United States government, (c) certificates of deposit of banks or  trust
  companies  in this state, secured, if the authority shall so require, by
  obligations of the United States or of the state of New York of a market
  value equal at all times to the amount of the deposit, and (d) as to the
  said reserve and sinking funds, other securities in which the trustee or
  trustees of any public retirement system or pension fund has  the  power
  to  invest  the  moneys  thereof  pursuant  to  article  four-a  of  the
  retirement and social security law, each such reserve and  sinking  fund
  being  treated  as  a separate fund for the purposes of the said article
  four-a of the retirement and social security law;

    14. To make 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 judgment 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.  To  do all things necessary, convenient or desirable to carry out
  its purposes and for the exercise of the powers granted in this title.
    Notwithstanding the foregoing provisions of  this  section,  no  power
  granted under this title shall be exercised by the authority without the
  prior  submission  of  a  plan  to it by a participating municipality in
  accordance with the provisions of section twenty-four hundred sixty-five
  hereof.
    * NB (Disbanded March, 1980)