NY Pub Auth L § 2535 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 26 - New York City Stabilization Reserve Corporation 2535 - General Powers of the Corporation.

§  2535. General powers of the corporation. The corporation shall have   the following powers in addition to those specially conferred  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 and,  subject  to  agreements  with  noteholders  or   bondholders,  to  make  rules  and  regulations governing the use of its   property and facilities; (4) to  make  and  execute  contracts,  leases,   subleases   and   all  other  instruments  or  agreements  necessary  or   convenient for the exercise of  its  powers  and  functions  under  this   title;   (5)  to  purchase  real  or  personal  property  necessary  and   convenient for its corporate purposes; to execute and deliver deeds  for   real  property held in its own name; and to sell or otherwise to dispose   of such  real  or  personal  property  that,  in  the  judgment  of  the   corporation,  is  no longer necessary for its corporate purposes; (6) to   appoint officers, agents  and  employees,  prescribe  their  duties  and   qualifications and fix their compensation; (7) to commence any action to   protect  or  enforce any right conferred upon it by any law, contract or   other agreement; (8) subject to other provisions of law, to transfer  to   the  city such sums of money as are not required for other purposes; (9)   to borrow money  and  to  issue  negotiable  notes  or  bonds  or  other   obligations  and  to  fund  or  refund  the same, and to provide for the   rights of the holders of its obligations; (10) subject to the provisions   of any contract with noteholders or bondholders,  to  invest  any  funds   held  in  reserves  or  sinking  funds,  or  any  funds not required for   immediate use or disbursement, at the discretion of the corporation,  in   obligations  of  the  city, state or federal government, obligations the   principal of and interest on which are guaranteed by the city, state  or   federal government, or obligations of agencies of the federal government   which  may,  from time to time, be legally purchased by savings banks of   the state as investments of funds belonging to them or in their  control   and which have been approved by the state comptroller or in secured time   deposits or other interest bearing accounts secured by such obligations;   (11)  subject  to  the  provisions  of  any contract with noteholders or   bondholders, to purchase notes or bonds  of  the  corporation;  (12)  to   procure  insurance  against  any  loss  in  such  amounts  and from such   insurers  as  it  deems  desirable;  (13)  to  engage  the  services  of   consultants on a contract basis for rendering professional and technical   assistance  and  advice; (14) to contract for and 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 any other source and  to  comply  with  the  terms  and   conditions thereof; (15) as security for the payment of the principal of   and  interest  on  any  bonds  so  issued  and  any  agreements  made in   connection therewith, to pledge all or any part of its revenues; (16) to   do any and all things necessary or convenient to carry out its  purposes   and exercise the powers expressly given and granted in this title.