N.Y.
Public Authorities Law Section 2579
General powers of the authority
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 powers, purposes or its projects, and to provide for the rights of the holders thereof;4.
To make bylaws and rules for the management and regulation of its affairs and for the regulation of any project 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. A copy of such bylaws and rules, and all amendments thereto, duly certified by the secretary of the authority shall be filed in the office of the county clerk of the county and shall be published thereafter once in each of two newspapers having a general circulation in the county;5.
To acquire by purchase, grant, lease, gift, or condemnation pursuant to the provisions of the eminent domain procedure law and at the request of the municipality in which the real property is located, 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;6.
To acquire, construct, reconstruct, lease, expand, improve, maintain, equip, furnish, and operate a project for purposes of professional soccer and, if necessary, to pay or finance the cost thereof, and provided, that any lease, management or operation agreement shall contain a condition that the lessee, manager or operator shall establish a summer soccer program for city youth;7.
To operate and maintain a facility for the purposes of minor league baseball, presently known as Frontier Field;8.
To apply for and 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, any municipality, any public corporation, or any other source, and to use any such gifts, grants, loans or contributions for any of its corporate purposes; provided that in any agreement selling the naming rights to a sports facility constructed for purposes of professional soccer, there shall be a provision requiring that the person purchasing such naming rights shall initiate a youth internship program for city high school students;9.
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;10.
To designate the depositories of its money;11.
To establish its fiscal year;12.
To enter into contracts, agreements and leases and to execute all instruments necessary or convenient to accomplishing its purposes as described in this title;13.
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;14.
With the consent of the county executive, to use employees, agents, consultants and facilities of the county paying its agreed proportion of the compensation or costs;15.
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;16.
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;17.
To establish, fix, revise, charge, collect and enforce fees and charges for the use of such facilities so as to provide revenues which, together with other earnings of the sports facilities, if any, as the same shall become due, offset the expense of operating and maintaining the sports facility together with proper reserves for maintenance, contingencies and all other obligations and indebtedness of the authority;18.
To do all things necessary, convenient or desirable to carry out its purposes and for the exercise of the powers granted in this title; and19.
To insure or provide for the insurance of the authority’s property or operations.
Source:
Section 2579 — General powers of the authority, https://www.nysenate.gov/legislation/laws/PBA/2579 (updated Sep. 22, 2014; accessed Oct. 26, 2024).
