NY Pub Auth L § 1855 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 9 - New York State Energy Research and Development Authority 1855 - General Powers of the Authority.

§  1855.  General  powers  of  the  authority.  Subject  to  the other   provisions of this  title  and  the  provisions  of  any  contract  with   bondholders  or  noteholders,  the  authority  shall  have the following   powers in  addition  to  any  powers  specifically  conferred  upon  the   authority elsewhere in this title:1. To sue and be sued.2. To have a seal and alter the same at pleasure.3.  To  make  and  alter  by-laws  for  its  organization and internal   management.4. To make  rules  and  regulations  governing  the  exercise  of  its   corporate  powers  and  the  fulfillment of its corporate purposes under   this title and title nine-A of this article, which shall be  filed  with   the  department  of  state in the manner provided by section one hundred   two of the executive law.5. To purchase, receive, lease or otherwise acquire, to  hold  in  the   name  of  the  state or otherwise, and to sell, convey, mortgage, lease,   pledge or otherwise dispose of, upon such terms and  conditions  as  the   authority  may deem advisable, real and personal property, together with   such rights and privileges as may be incidental and appurtenant  thereto   and  to  the  use  thereof,  including  but  not  restricted to any real   property acquired or held by the authority pursuant to the provisions of   section eighteen hundred  fifty-six  of  this  title  and  any  real  or   personal  property  acquired  by  the  authority  in the satisfaction of   obligations contained in contracts, leases or other arrangements.6. To enter into contracts, leases or other arrangements providing for   the establishment, operation, development and management of any property   or facility under the jurisdiction of the authority.7. To enter into contracts, leases or  other  arrangements  permitting   any person to use any property or facility under the jurisdiction of the   authority;  permitting  such  person  to  build  or  add  facilities  or   improvements upon such property  or  facility;  and  providing,  at  the   discretion of the authority, for the acquisition by the authority of any   such facilities or improvements built or added by such person, upon such   terms and conditions as the authority may deem advisable.8. To sell or otherwise make available, upon such terms and conditions   as  the authority may deem advisable, any product, by-product or service   produced in or provided by any facility under its jurisdiction.9. To fix and collect fees, rentals and charges for  the  use  of  any   property  or  facility  under  its  jurisdiction, or for the sale of any   product, by-product or service produced  in  or  provided  by  any  such   facility,  and  to  establish  the  rights  and  privileges created upon   payment thereof. Such fees, rentals and charges shall be established  by   the  authority  so  as  to  produce,  in  the judgment of the authority,   revenues sufficient, together with any  other  funds  available  to  the   authority,  to  meet  the  expenses  of maintenance and operation of the   facilities of the authority, to repay any moneys repayable to the state,   to fulfill the terms of agreements with the holders of its bonds,  notes   or  other  obligations,  and  to  provide funds for such other corporate   purposes as the authority may deem appropriate.10. To enter  into  any  contracts  and  to  execute  all  instruments   necessary or convenient for the exercise of its corporate powers and the   fulfillment of its corporate purposes under this title.11. To borrow money and to issue bonds, notes or other obligations and   to provide for the rights of the holders thereof.12.  To  enter  into agreements to pay annual sums in lieu of taxes to   any municipality or taxing district of the state in respect of any  real   property  which  is owned by the authority, leased by the authority to a   person and located in such municipality or  taxing  district,  provided,    however,  that  the  amount  so paid for any year upon any such property   shall not exceed the sum last paid as taxes on  such  property  to  such   municipality  or taxing district prior to the time of its acquisition by   the authority.13.  To  procure insurance, or obtain indemnification from the federal   government or other persons, against any loss  in  connection  with  the   assets  of  the  authority  and  any  liability  in  connection with the   activities of the authority, such insurance  or  indemnification  to  be   procured  or  obtained  in  such  amounts, and from such sources, as the   authority deems to be appropriate.14. 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  from  any  other   source  and to comply, subject to the provisions of this title, with the   terms and conditions thereof.15. To enter into any lands, waters or premises  for  the  purpose  of   making  borings, soundings, surveys or other investigations necessary to   the purposes of the authority or to public health and safety.16. To engage  the  services  of  bond  counsel,  financial  advisors,   accountants,  engineers,  attorneys  and  other private consultants on a   contract basis for rendering professional and technical  assistance  and   advice.17.  To  do  all  things  necessary  or  convenient  to  carry out its   corporate purposes and exercise the powers given  and  granted  by  this   title.