NY Pub Auth L § 1045-G (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 2-A - New York City Municipal Water Finance Authority 1045-G - General Powers of the Water Board.

§  1045-g.  General  powers  of  the  water board. Except as otherwise   limited by this title, the water board shall have power:1. To sue and be sued;2. To have a seal and alter the same at pleasure;3. To make  and  amend  by-laws  for  its  organization  and  internal   management,  and  rules  and  regulations  governing the exercise of its   powers and duties and the fulfillment of its purposes under this title;4. To establish, fix, revise,  charge  and  collect  and  enforce  the   payment  of all fees, rates, rents and other service charges for the use   of, or services furnished by the sewerage system, water system, or both,   as the case may be, so as to receive revenues which, together with other   revenues available to the board, if any, shall be at least sufficient at   all times  so  that  such  system  or  systems  shall  be  placed  on  a   self-sustaining   basis   in   accordance   with  section  one  thousand   forty-five-j of this title; provided, however that the water board shall   not establish a limit of less than four years commencing from  the  date   of  the  bill  for  services  to  challenge any fee, rate, rent or other   service charges for the use of or services furnished by the water and/or   sewerage systems; any such challenge shall specifically  set  forth  the   basis for such claim;5. To enter into contracts and to execute all instruments necessary or   convenient or desirable for the purposes of the water board to carry out   any  powers  expressly  given  it in this title, provided nothing herein   contained shall authorize the water board to borrow money  or  otherwise   contract indebtedness;6.  To  enter  into  an  agreement  pursuant  to  section one thousand   forty-five-i of this title with the authority and the city to provide  a   means whereby the authority shall finance the cost of constructing water   projects,  as  described in the agreement, and the water board may agree   to assume title to the water or sewerage system, or both, and  to  raise   revenues  from users through fees, rates, rents or other service charges   necessary or appropriate to secure such financing and to pay the cost of   the operation, management and repair of such water or sewerage system;7. To acquire, purchase, lease as lessee, hold and use  any  property,   real,  personal or mixed, or any interest therein necessary or desirable   to carry out the purposes of this title and, subject to any  limitations   in  any  agreement  with  the  city entered into pursuant to section one   thousand forty-five-h of this title, to sell, lease as lessor,  transfer   or otherwise dispose of any such property or interest therein;8.  To  appoint  such officers and employees as it may require for the   performance  of  its  duties,   and   to   fix   and   determine   their   qualifications,  duties,  and compensation, subject to the provisions of   the civil service law and the rules of the civil service  commission  of   the  city,  and  to  retain  or  employ counsel, auditors, engineers and   private consultants on a  contract  basis  or  otherwise  for  rendering   professional or technical services and advice;9.  To  acquire  from  the  city  title  to the sewerage system, water   system, or both the sewerage and water systems, as the case may  be,  of   such city;10.  To  make  plans,  surveys  and  studies  necessary, convenient or   desirable to the effectuation of the purposes and powers  of  the  water   board and to prepare recommendations in regard thereto;11.  To  make  use of existing studies, surveys, plans, data and other   material in the possession of the city in order to avoid duplication  of   effort, and such city is hereby authorized to make the same available to   the  water  board  and  otherwise to assist it in the performance of its   functions; 12. With the consent of the mayor of  the  city  to  use  officers  or   employees of the city and to pay a proper portion of the compensation or   costs for the services of such officers or employees;13.  To  conduct investigations and hearings in the furtherance of its   general purposes, and in aid  thereof  to  have  access  to  any  books,   records  or  papers  relevant thereto; and if any person whose testimony   shall be required for the proper performance of the duties of the  water   board  shall  fail  or  refuse  to  aid or assist the water board in the   conduct of any investigation or hearing,  or  to  produce  any  relevant   books,  records  or other papers, the water board is authorized to apply   for process of subpoena, to issue out of any court of  general  original   jurisdiction whose process can reach such person, upon due cause shown;14.  To  apply  for  and  to  accept  any  gifts or grants 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 any state agency, the city or from any other sources, for any or  all   of  the  purposes specified in this title, and to comply, subject to the   provisions of this title, with the terms and conditions thereof;15. To invest moneys not required for immediate use  or  disbursement,   subject to such restrictions as may be imposed by any agreement with the   authority,  in  such  obligations  or  deposits with such banks or trust   companies as it may determine and  designate,  provided  that  any  such   deposit  with  a  bank  or trust company shall be continuously and fully   secured by direct obligations of the  city,  the  state  or  the  United   States of America, or obligations the principal of and interest on which   are guaranteed by the state or the United States of America, of a market   value equal at all times to the amount of the deposit;16.  To  establish  and  maintain  such  reserves,  special  funds and   accounts, to be held in trust or otherwise, as may be  required  by  any   agreement with the authority and the city; and17.  To  do all things necessary, convenient or desirable to carry out   its purposes and for the exercise of the powers granted in this title.