NY Pub Auth L § 2704 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 29 - Development Authority of the North Country Act 2704 - Powers of the Authority.

§  2704.  Powers of the authority. Except as otherwise limited by this   title, the authority shall have power:1. to make and alter by-laws for the regulation of its affairs and the   conduct of its business;2. to adopt an official seal and alter the same at pleasure;3. to maintain a principal  office  in  the  city  of  Watertown,  and   regional  offices at such place or places as it may designate within the   participating counties;4. to sue and be sued;5. to make and execute contracts and all other  instruments  necessary   or  convenient  for  the exercise of its powers and functions under this   title;6. pursuant to a plan approved, or amended and approved,  pursuant  to   section  twenty-seven hundred five of this title, in connection with any   project, to determine the feasibility, location and  character  of  such   project  and  to  acquire,  construct,  or to acquire any interest in or   right to capacity in, and to reconstruct, renovate,  replace,  maintain,   repair,  enlarge,  extend,  operate,  lease,  as  lessee  or lessor, and   regulate such project, to enter into contracts for any or  all  of  such   purposes,  to enter into contracts for the management and operation of a   project and, to enter into contracts for any or all  of  such  purposes,   including contracts for the management and operation of such project and   to  sell,  lease,  mortgage  or otherwise dispose of any project or part   thereof to the state, any person, public corporation or municipality;7. to borrow money and to issue bonds of the authority for any of  its   corporate  purposes, to secure the same with its revenues or other funds   and otherwise to provide for and  secure  the  payment  thereof  and  to   provide  for  the  rights  of  holders thereof and to fund or refund the   same.8. to make contracts  and  to  execute  all  necessary  or  convenient   instruments,   including   evidences   of  indebtedness,  negotiable  or   nonnegotiable in each case for securing its bonds or to  provide  direct   payment of any costs which the authority is authorized to pay;9.  subject to any limitation imposed or authorized by law, to fix and   revise from time to time and charge and collect rates, rents,  fees  and   charges for the use of and for the services furnished or to be furnished   by  a  project  or  any portion thereof and to contract with any person,   partnership, association or authority or other body  public  or  private   including  a  public  corporation  in respect thereof provided, however,   that the authority shall not have the power, within any city, to collect   rentals, charges, rates or fees from the owners of real estate,  or  the   occupants  of real estate (other than the occupants of premises owned or   controlled by such authority, or by the  state  or  any  civil  division   thereof), for services or facilities furnished or supplied in connection   with such real estate, if such services or facilities are of a character   or  nature  that  as  of  the  enactment  of  this  act or formerly were   furnished or supplied by the city, unless the electors of the city shall   approve the granting to such authority of such powers by a majority vote   at a general or special election in such city;10. pursuant to a plan approved, or amended and approved, pursuant  to   section  twenty-seven  hundred  five  of this title and upon approval by   resolution of the governing body of the county in which such property is   located, to condemn, in the name  of  the  authority,  pursuant  to  the   eminent domain procedure law, any real property within the participating   counties  required  by  the  authority  for any project to carry out the   powers granted by this title;11.   to   employ   consulting   engineers,   architects,   attorneys,   accountants,   construction   and  financial  experts,  superintendents,    managers, and such other agents as may be necessary in its judgment, and   to fix their compensation;12.  pursuant to a plan approved, or amended and approved, pursuant to   section twenty-seven hundred five  of  this  title,  to  assist  in  the   planning, development and construction of and the financing of, the cost   of any project whether or not such project is to be owned or operated by   the  authority, including any project as defined in title one of article   eighteen-A of the general municipal law,  provided,  however,  that  the   authority  shall  not  assist in the construction of or financing of the   cost of a project as defined in title one of article eighteen-A  of  the   general  municipal  law  unless  such project has first been approved by   resolution of the governing body of  each  municipality  in  which  such   project is located;13.  to  receive  and  accept loans, grants, aid in any form, gifts or   contributions from any source of either money, property, labor or  other   things  of value and, subject to the provisions of this title, to comply   with the terms and conditions thereof;14. to enter into any lease of or to mortgage  any  property,  project   and the site thereof;15.  subject to any agreement with the holders of its bonds, to invest   moneys of the authority not required for immediate use in obligations of   the state or the United States or obligations the principal and interest   of which are guaranteed  by  the  state  or  the  United  States  or  in   certificates  of  deposit or time deposits secured in such manner as the   authority shall determine, or in obligations of any agency of the  state   or the United States which may from time to time be legally purchased by   savings  banks  within  the state as an investment of funds belonging to   them or in their control, or in  any  other  obligations  in  which  the   comptroller  of  the  state  is authorized to invest pursuant to section   ninety-eight of the state finance law or any successor provision of law;16. subject to any  agreement  with  the  holders  of  its  bonds,  to   purchase  bonds,  of  the  authority  out  of any funds or moneys of the   authority available therefore, and to hold, cancel or resell the bonds;17. to contract to render and to render such services  to  the  United   States,   or  any  public  agency,  public  authority,  municipality  or   political subdivision of the state, as the United  States,  such  public   agency,  public  authority,  municipality or political subdivision shall   request, with respect to  the  custody,  administration,  management  or   servicing   of  obligations,  projects  and  property  of  such  entity,   including but not limited to the use  of  the  premises,  personnel  and   property  of  the  authority,  and  may provide for reimbursement to the   authority for any expenses necessarily  incurred  by  the  authority  in   rendering such services;18.  to appoint such officers, employees and agents as it may require,   prescribe their duties and qualifications and fix their compensation;19. to establish such reserves as the  authority  deems  necessary  or   appropriate;20.  to  acquire  by lease, purchase or gift, hold and dispose of real   and personal  property  (whether  tangible  or  intangible),  which  are   located  within  the  state,  or any interest therein, for its corporate   purposes, and, subject to any agreement with the holders of  its  bonds,   to  sell any mortgage or loan or other personal property acquired by the   authority, at a public or private sale and at such price or prices as it   shall determine;21. to enter into agreements, in its discretion, to pay annual sums in   lieu of taxes to  any  municipality,  political  subdivision  or  taxing   district  of the state in respect of any real property which is owned by    the authority and located in such municipality, political subdivision or   taxing district;22. to contract with persons, municipalities and the United States for   the use of projects and for the fixing and collection of rates, rentals,   fees  and  other  charges  for  the  use  of  such projects, or services   rendered by, or any commodities furnished by  the  authority  so  as  to   provide  revenues  sufficient  at  all  times  to pay, as the same shall   become due, the principal and interest on  the  bonds,  notes  or  other   obligations  of  the  authority  together with the maintenance of proper   reserves therefor, in addition to paying, as the same shall become  due,   the  expenses  of  operating  and  maintaining  the  properties  of  the   authority, together with proper reserves for debt service, depreciation,   maintenance and contingencies and all other obligations and indebtedness   of the authority;23. to coordinate the activities of state agencies and authorities  to   provide community facilities in the region;24.  to  participate  in  federal  programs for the insurance of loans   including programs which require the authority to share any loss arising   out of any loan insured by the federal government; and25. to do all things necessary or convenient to carry out the purposes   of the authority.