NY Pub Auth L § 1020-C-2 (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 1-A* - Green Island Power Authority 1020-C*2 - Green Island Power Authority.

* §  1020-c.  Green Island power authority. 1. There is hereby created   and established a public corporation, to be known as the  "Green  Island   power  authority".  The  authority shall be a body corporate and politic   constituting a public benefit corporation, the objects of which  in  the   judgment of the legislature cannot be attained under general laws.2.  The authority shall have the power to acquire such real estate and   other property as may be necessary for its corporate  purposes,  to  sue   and be sued, to incur debts, liabilities and obligations, to issue bonds   and other evidences of indebtedness, to have a seal, and to exercise all   powers   authorized   by   this   title  and  reasonably  necessary  for   accomplishing its purposes, or properly incidental thereto,  subject  to   the  provisions herein contained and to the constitution and laws of the   United States and of the state.3. The authority and its existence shall  continue  for  a  period  of   twelve  years and thereafter until all its liabilities have been met and   its bonds have been paid in full or  such  liabilities  and  bonds  have   otherwise been discharged and thereupon all rights and properties of the   authority then remaining shall pass to and be vested in the village.4. The authority shall consist of five members, to be residents of the   village  and be appointed by the board of trustees on designation of the   mayor. The term of office of a member shall be five years,  but  in  the   first  instance  such members shall be appointed to hold office, one for   one year, one for two years, one for three years, one for four years and   one for five years, the term of each  to  be  fixed  by  the  resolution   making  the  appointment.  Upon  resignation  of  a member, or a vacancy   occurring in any other manner, it shall be filled by appointment for the   unexpired term. In other respects, all vacancies shall be filled in  the   manner corresponding to the original appointment.5.  The members of the authority may appoint an executive committee of   not less than three  members  and  may  delegate  full  powers  to  such   committee. They may appoint such other committees of not less than three   members each with such powers as they may provide. They may elect one of   the  members  as  a chairman and may elect or appoint other officers and   determine their powers. They may by a vote  of  a  majority  of  members   adopt  by-laws and provide for their annual and regular meetings and for   the calling of special meetings. The treasurer of the village  shall  be   ex-officio  treasurer  of  the  authority  and  his compensation as such   treasurer shall be fixed by the members.  Each  member  before  entering   upon  the  duties  of  his  office shall take the constitutional oath of   office, which shall be filed in the office of the  secretary  of  state.   Three  members shall constitute a quorum for the transaction of business   and the concurrence of three members at a meeting shall be necessary  to   the  validity  of any resolution, order or determination. Any member may   be removed by the board of trustees for inefficiency, neglect of duty or   misconduct in office, after a hearing upon charges and an opportunity to   be heard in person or by counsel upon not less than  ten  days'  notice.   The  members  shall  receive  such  salary as shall be determined by the   board of trustees. They shall receive no reimbursement for the  ordinary   expenses  of attending meetings, but may by resolution of the members be   allowed their expenses of a special or extraordinary  nature.  A  member   may  receive  additional  compensation  to  be  fixed by the members, if   appointed an officer of the authority.6. No public officer or employee shall be ineligible  for  appointment   as  a  member  or  officer  of  the  authority and any public officer or   employee may accept such appointment and serve as a  member  or  officer   without  forfeiture  of  any  other  public office or position of public   employment by reason thereof. Any one or more members or officers of the   authority may be an officer or employee of the  village.  In  the  event    that  an  officer  or  employee  of  the village shall be appointed as a   member or officer of the authority,  acceptance  or  retention  of  such   appointment  shall  not  be deemed a forfeiture of his village office or   employment,   or   incompatible   therewith  or  affect  his  tenure  or   compensation in any way.7. It is hereby determined and declared that  the  authority  and  the   carrying  out of its powers, purposes and duties are in all respects for   the benefit of the people of the village of Green Island and  the  state   of  New  York,  and  that said purposes are public purposes and that the   authority is and will be performing an essential  governmental  function   in the exercise of the powers conferred upon it by this title.8.  Neither  the  public  service  commission  nor  any other board or   commission of like character, shall have jurisdiction over the authority   in the management and control of its properties  or  operations  or  any   power  over  the  regulation  of rates fixed or charges collected by the   authority except as otherwise provided in this subdivision.a. The authority's rates, services and practices with respect to power   and energy purchased from the power authority of the state of  New  York   shall  be  subject to regulation by such power authority pursuant to the   provisions of the power authority act and any contract between  the  two   authorities.b. The authority's rates, services and practices with respect to power   and  energy  that  is  either  (i) generated by an electric plant owned,   operated or managed by the authority, or (ii) purchased by the authority   from sources other than the power authority of the  state  of  New  York   shall  be  subject to regulations of the public service commission under   the provisions of the public service law.c. Article seven  of  the  public  service  law  shall  apply  to  the   authority's  siting  and  operation  of a major transmission facility as   therein defined and article ten of the public service law shall apply to   the authority's siting and operation  of  a  major  electric  generating   facility as therein defined.* NB There are 2 § 1020-c's