NY Pub Auth L § 1285-K (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 12 - New York State Environmental Facilities Corporation 1285-K - Financing of the Design, Acquisition, Construction, Improvement and Installation of Riverbank Park.

§   1285-k.   Financing  of  the  design,  acquisition,  construction,   improvement and installation of Riverbank Park. In order  to  effectuate   the  purposes  of  this  title, the corporation shall have the following   additional special powers:1. Notwithstanding the provisions of any  law  to  the  contrary,  the   corporation  and  any  state  agency,  subject  to  the  approval of the   director of the budget, may enter into  a  contract  for  financing  the   design,  acquisition,  construction, improvement and installation of all   or any portion of Riverbank Park,  for  and  on  behalf  of  such  state   agency;  and  the  corporation  and  any  state  agency may enter into a   contract, lease, easement, license or other instrument pursuant to which   the corporation  shall  make  all  or  any  portion  of  Riverbank  Park   available  to  such  agency,  for  use  as  a park. Any such contract or   contracts, lease, easement, license or other instrument  shall  be  upon   such  terms  and  conditions  as  the  corporation and the subject state   agency shall determine to be reasonable, including, but not limited  to,   the  payment  of, or reimbursement to the corporation for, (a) all costs   of the corporation in financing the design,  acquisition,  construction,   improvement  and  installation  of all or any portion of Riverbank Park,   and any claims arising therefrom, (b) all fees and other charges of, and   all expenses  incurred  by,  the  corporation  in  connection  with  the   issuance  and  administration  of  any  bonds  or  notes  issued  by the   corporation for such purpose, and (c)  amounts  sufficient  to  pay  all   principal,  premium,  if  any, and interest on such bonds or notes. Such   payment or reimbursement may be made annually or otherwise,  may  be  in   fixed  amounts  or based on any factors or other matters, or may be made   in any other manner, as such contract or contracts shall provide.2. Any contract, lease, easement, license or other instrument  entered   into  by the corporation pursuant to subdivision one of this section may   be assigned or pledged by the corporation as security for its  bonds  or   notes  issued  for  the  purpose  of  financing the design, acquisition,   construction, improvement and installation of  all  or  any  portion  of   Riverbank Park.3.  The  corporation,  any  state  agency, the city of New York or any   agency or instrumentality thereof, may enter into any leases, easements,   licenses, or other instruments, for  the  purpose  of  granting  to  the   corporation  any  interest  in real property which the corporation shall   deem necessary for the purpose of  financing  the  design,  acquisition,   construction,  improvement  and  installation  of  all or any portion of   Riverbank Park.4. Notwithstanding the provisions of subdivision one of this  section,   any  contract, lease, easement, license or other instrument entered into   by the corporation with any state agency, pursuant to subdivision one of   this section, shall (a) provide that the obligation of the state or such   state agency to pay the amounts therein provided shall not constitute  a   debt  of the state within the meaning of any constitutional or statutory   provision, and (b) be deemed executory only to  the  extent  moneys  are   available,  and  provide  that the obligation of the state or such state   agency to make payments thereunder is subject to annual appropriation by   the legislature.