NY Pub Auth L § 1727 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 6 - The New York City School Construction Authority Act 1727 - New York City School Construction Authority.

§  1727.  New  York  city  school  construction authority. 1. There is   hereby established a public benefit corporation to be known as the  "New   York city school construction authority".2.  The  authority  shall  be  governed  by  and  its  powers shall be   exercised by a board  of  trustees  consisting  of  three  members.  The   members shall be the chancellor, or acting chancellor if the position of   chancellor  is  vacant,  and  two  other members, to be appointed by the   mayor.  The  chancellor  or  acting  chancellor  shall  serve   as   the   chairperson  of the board of trustees. No member of the city board or of   a community school board shall be one of the appointed  members  of  the   board,  nor  shall an officer or employee of the city or state be one of   the appointed members of the board. The appointed members shall serve at   the pleasure of the mayor.3. Each appointed member shall continue in office  until  a  successor   has  been  appointed and qualifies. In the event a vacancy occurs in the   office of an appointed member, the vacancy shall be filled in  the  same   manner  as  was  the  original  appointment  of the trustee whose office   became vacant.4. Appointed members  may  engage  in  private  employment,  or  in  a   profession  or  business;  provided,  however,  that notwithstanding any   otherwise applicable provision of general  law,  the  members  shall  be   subject  to  the  limitations  contained  in sections twenty-six hundred   three, twenty-six hundred four, twenty-six hundred five, and  twenty-six   hundred  six  of the New York city charter. The authority shall, for the   purposes of such sections be an "agency"  and  such  trustees  shall  be   "public  servants"  for the purposes of such sections. In addition, such   trustees shall be subject to the provisions of  section  eleven  hundred   sixteen  of  such  charter and shall for the purposes of such section be   "officers  of  the  city".  Notwithstanding  any  otherwise   applicable   provision of general law, employees of the authority shall be subject to   such  provisions  of such charter and shall be deemed to be officers and   employees of the  city  of  New  York  for  purposes  of  the  financial   disclosure  requirements of section 12-110 of the administrative code of   such city.5. The board shall provide for the holding  of  regular  meetings  and   such  special meetings at the call of the chairman, as may be necessary.   A majority of the whole number of trustees shall constitute a quorum for   the transaction of business. The powers of the board shall be vested  in   and exercised by a majority of the whole number of the members thereof.6.  Trustees  shall  receive  no  compensation for their services, but   shall be reimbursed for the actual and necessary  expenses  incurred  by   them  in  the  performance  of  their official duties as trustees of the   authority.7. The board shall appoint as president of the authority an individual   who  has  extensive   executive-level   construction   experience.   The   president,  who  shall  not be a member of the board, shall be the chief   executive officer of the authority and  shall  be  responsible  for  the   discharge  of  the  executive and administrative functions and powers of   the authority. The president shall serve at the pleasure of the board.8. The authority shall  continue  in  its  corporate  existence  until   terminated  by  law. Upon termination of the existence of the authority,   all of the property interests of the authority shall pass to and vest in   the city and the city shall assume any outstanding contractual duties or   obligations of the authority, except as otherwise may  be  specified  by   law.