NY Arts & Cult Aff L § 21.07 (2021)
2021 New York Laws ACA - Arts and Cultural Affairs Title E - New York State Cultural Resources Act Article 21 - Trust for Cultural Resources of the City of New York 21.07 - Special Powers of the Trust Relating to Assisting Participating Cultural Institutions.

§ 21.07. Special   powers   of   the   trust   relating  to  assisting   participating cultural institutions. In addition to such powers  as  are   conferred  elsewhere in article twenty of this chapter and this article,   the trust shall have the following powers which may be exercised, at the   discretion  of  the  board  of  trustees,  solely  and  exclusively   in   furtherance  of its corporate purposes with or without public auction or   bidding:1. to undertake surveys  of  the  present  and  anticipated  needs  of   cultural institutions in the city, including without limitation the need   for  development  of  the  facilities  of such institutions, in order to   determine whether or not the trust may effectively exercise  its  powers   and fulfill its purposes in cooperation with any such institution;2.   to   acquire,   construct,  install,  equip,  furnish,  renovate,   modernize, and otherwise develop combined-use  facilities  and  cultural   facilities or cause such combined-use facilities and cultural facilities   to  be  so developed, in accordance with this article and article twenty   of this title, to acquire  in  connection  therewith  real  property  or   interests in real property of a participating cultural institution or of   the  city,  or of the developer or other persons whose participation the   trust deems necessary for  the  development  of  any  such  combined-use   facility  or cultural facility, subject (if applicable) to the retention   or creation by any such parties of any future or remainder interests  in   such  property,  all  of  which  shall be valid notwithstanding any rule   against perpetuities, and in connection therewith, to install  or  cause   to  be  installed  water,  fuel,  gas,  electrical,  telephone, heating,   air-conditioning  and  other  utility  services,  including  appropriate   connections;3.  to maintain, repair, keep up, manage and operate its real property   and any combined-use facility or part thereof or any  cultural  facility   or  part  thereof  developed  by or pursuant to an agreement with it, by   means which may include the enforcement of its rules and regulations  in   the  manner described in subdivision d of section two hundred two of the   not-for-profit corporation law with  the  same  effect  as  though  such   subdivision  applied  to the trust and to such property and combined-use   facility or cultural facility;4. to  offer  to  convey  and  to  convey  all  or  any  part  of  the   non-institutional  portion  of  a  combined-use facility or any interest   therein, and to take any and all actions deemed necessary or appropriate   by  the  trust  to  advertise,  promote,  encourage,  and  effect   such   conveyances,  all  future  or remainder interests created or retained by   the trust in connection therewith which shall be  valid  notwithstanding   any rule against perpetuities;5.  to  convey  with  or  without  consideration,  to  a participating   cultural  institution  the  institutional  portion  of  a   combined-use   facility  or  a  cultural  facility  developed  in cooperation with such   institution and any real property held by the trust in  connection  with   such development;6.  to  enter into a partnership, joint venture or other enterprise in   any capacity deemed  by  it  to  be  appropriate,  for  the  purpose  of   developing  and operating a combined-use facility or any part thereof or   a cultural facility or any part thereof;7. to convey, without public auction or bidding, any real property  to   a  developer  for  the  purpose  of  developing  therein  or  thereon  a   combined-use facility, or a part  or  portion  thereof,  or  a  cultural   facility,  or  any  part  or portion thereof, subject to the creation or   retention by the trust and/or a participating  cultural  institution  of   such  future  or  remainder  interests  in  such  property  as  it deems    appropriate, all of  which  shall  be  valid  notwithstanding  any  rule   against perpetuities;8.  to  purchase  or lease the institutional portion of a combined-use   facility or all or any portion of a cultural facility from the developer   thereof for use and occupancy by a participating cultural institution;9. to furnish cultural institutions with advice and with technical and   other assistance; to act as liaison with federal,  state  and  municipal   and other local authorities and with users and occupants of combined-use   facilities  and  cultural  facilities  with  respect  to  the  cultural,   recreational   and   educational   activities   provided   by   cultural   institutions;  and  otherwise  to  foster  and  encourage greater public   knowledge of, and  participation  in,  the  cultural,  recreational  and   educational activities of such institutions;10. to organize one or more wholly-owned subsidiary corporations under   any applicable provision of law and to perform through such subsidiaries   or  cause such subsidiaries to perform all or any part of its powers and   functions;11. to establish and promulgate such  rules  and  regulations  as  the   trust  may  deem  necessary,  convenient  or  desirable  for the use and   operation of any combined-use facility, or  part  thereof,  or  cultural   facility,  or  part  thereof,  and  for  the  use  of  any real property   developed or to be developed by or pursuant to  an  agreement  with  it,   including but not limited to rules and regulations governing the conduct   and safety of the public on such premises;12. to make and execute such agreements, including without limitation,   instruments  of  conveyance  and  agreements with participating cultural   institutions   with   respect   to   the   architectural   and    design   characteristics  of  any  combined-use facility or cultural facility, as   are necessary or convenient for the exercise of its corporate powers and   the fulfillment of its purposes; and13. to make loans in accordance with article twenty of this chapter.