NY Pub Auth L § 1284 (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 12 - New York State Environmental Facilities Corporation 1284 - General Powers of the Corporation.

§ 1284. General powers of the corporation. Except as otherwise limited   by this title, the corporation shall have power:1. To sue and be sued;2. To have a seal and alter the same at pleasure;3. To borrow money and issue negotiable or non-negotiable notes, bonds   or  other  obligations  and  to  provide  for  the rights of the holders   thereof;4. To invest any funds held in reserve or sinking funds, or any monies   not required for immediate use or disbursement, at the discretion of the   corporation (i) in obligations of the state  or  the  United  States  of   America;  (ii)  in  obligations  the principal and interest of which are   guaranteed by the state or  the  United  States  of  America;  (iii)  in   obligations issued by the United States of America, an agency thereof or   a  United  States  government sponsored corporation or obligations fully   insured or guaranteed as to the payment of principal and interest by the   United  States  of  America,  an  agency  thereof  or  a  United  States   government  sponsored  corporation;  or  in  deposits with such banks or   trust companies as may be designated by the corporation. Each such  bank   or  trust  company  deposit  shall  be continuously and fully secured by   direct obligations of the state or the United States of America,  or  by   obligations  the  principal  and interest of which are guaranteed by the   state or the United States  of  America,  and  additionally,  any  funds   managed  by the corporation for any municipality may be continuously and   fully secured by obligations of any  municipality,  school  district  or   district corporation of the state of New York of a market value equal at   all  times  to  the  amount  of  the  deposit,  and  all banks and trust   companies are hereby authorized to give such security;5. To make  and  alter  by-laws  for  its  organization  and  internal   management,  and  rules  and  regulations  governing the exercise of its   powers and the fulfillment of its purposes under this title;6. To enter into contracts and leases and to execute  all  instruments   necessary or convenient or desirable for the purposes of the corporation   or to carry out any powers expressly given it in this title;7. To acquire, purchase, hold, lease as lessee, dispose of and use any   real  or personal property or any interest therein necessary, convenient   or desirable to carry out the purpose of this title and to  sell,  lease   as  lessor,  transfer and dispose of any property or interest therein at   any time required by it in the exercise of its power including  but  not   limited  to  the sale, transfer or disposal of any materials, substances   or sources or forms of energy derived from any corporate activity.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 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  make  plans,  surveys,  and  studies  necessary, convenient or   desirable to  the  effectuation  of  the  purposes  and  powers  of  the   corporation  and  to prepare recommendations in regard thereto, provided   that such plans,  surveys,  studies  and  recommendations  shall  be  in   conformity with any comprehensive studies and reports on the collection,   treatment  and disposal of sewage conducted and approved pursuant to the   provisions of section twelve hundred sixty-three-a of the public  health   law,  on  the collection, treatment and disposal of refuse conducted and   approved pursuant to the provisions of title IX  of  the  public  health   law,  and on public water supply systems conducted and approved pursuant   to the provisions of part V-A of article V of the conservation  law  and   on  the  control  and  abatement of air pollution conducted and approved    pursuant to the provisions of title II, article twelve-A of  the  public   health law;10.  To  enter upon such lands, waters, or premises as in the judgment   of the corporation may be necessary, convenient  or  desirable  for  the   purpose  of  making  surveys,  soundings,  borings  and  examinations to   accomplish any purpose authorized by this title, the  corporation  being   liable for actual damage done;11.  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   corporation shall fail or refuse to aid or assist the corporation in the   conduct  of  any  investigation  or  hearing, or to produce any relevant   books, records or other papers, the corporation 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;12. To acquire municipal bonds  and  notes  and  bonds  and  notes  of   certain  state  agencies,  and  to  make  loan  commitments and loans to   municipalities and certain state agencies,  and  to  enter  into  option   arrangements with municipalities for the purchase of municipal bonds and   notes;13.  To  sell any municipal bonds or notes, other securities, or other   personal property acquired by the corporation whenever it is  determined   by  the  corporation  that  the  sale  of  such  property  is desirable;   municipal bonds and notes acquired by the corporation shall be  sold  by   the  corporation only at public sale at such price or prices as it shall   determine, and a notice of such sale shall be published at least once at   least five days prior to the date of such sale in a financial  newspaper   or  journal  published in the City of New York; the proceeds of the sale   by the corporation of any municipal bonds or notes shall be required  to   be  held  for  the  benefit  of the bonds and notes and interest thereon   entitled to be paid therefrom, or shall be used to purchase, or  applied   towards  the  redemption  of  bonds  or  notes,  at  not  more  than the   redemption price then applicable, plus  accrued  interest  to  the  next   payment  date  thereon,  or, if not then redeemable, at a premium of not   more than the redemption price applicable on the first date  after  such   purchase  upon  which  the  bonds or notes become subject to redemption,   plus accrued interest to said date, all subject to such agreements  with   bondholders or noteholders as may then exist;14.  To  accept any gifts or grants or loans of funds or property from   the federal government or from the state or from any  other  federal  or   state  public  body  or political subdivision or any other person and to   comply, subject to the provisions of this  title,  with  the  terms  and   conditions thereof;15.   To  appoint  such  advisory  committees  as  may  be  necessary,   convenient or desirable to the effectuation of the purposes  and  powers   of the corporation; and16.  To  do all things necessary, convenient or desirable to carry out   its purposes and for the exercise of the powers granted in this title.