NY Pub Auth L § 2464 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 19 - New York State Sports Authority 2464 - General Powers of the Authority.

* § 2464. General powers of the authority. Except as otherwise limited   by this title, the authority shall have power:1. To sue and be sued;2. To have a seal and alter the same at pleasure;3. To acquire, hold and dispose of personal property for its corporate   purposes,  including  the  power  to  purchase  prospective or tentative   awards in connection with the appropriation of real property;4.  To  acquire,  in  the  name  of  the  authority,  by  purchase  or   appropriation, real property or rights or easements therein necessary or   convenient  for  its corporate purposes, and, except as may otherwise be   provided herein, to use the same so  long  as  its  corporate  existence   shall continue;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  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, architects and private  consultants  on  a   contract  basis  or  otherwise  for  rendering professional or technical   services and advice;7. To make contracts  and  leases,  and  to  execute  all  instruments   necessary or convenient;8. To examine and approve all leases and agreements of a participating   municipality, relating to the sports facility;9.   To  acquire,  construct,  reconstruct,  construct  additions  to,   improve, maintain and  operate  sports  facilities  including,  but  not   limited   to,   buildings,  structures,  parking  and  other  facilities   ancillary or appurtenant to such sports facilities as may  be  necessary   or  convenient  until  responsibility therefor may be transferred to the   participating municipality;10. 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 the state   or any agency or instrumentality thereof,  or  from  any  other  source,   public  or  private,  and  to  comply, subject to the provisions of this   title, with the terms and conditions thereof;11. To fix and collect any payments, fees and other  charges  for  the   use  of  the  sports  facility  subject  to  and in accordance with such   agreements with bondholders as may be made as hereinafter provided;12. To borrow money and issue negotiable  bonds  and  notes  or  other   obligations  and  to  provide  for and secure the payment thereof and to   provide for the rights of the holders thereof;13. To invest any funds held in  reserve  or  sinking  funds,  or  any   moneys not required for immediate use or disbursement, at the discretion   of  the  authority, in (a) obligations of the state or the United States   government, its agencies  and  instrumentalities,  (b)  obligations  the   principal  and  interest  of  which  are  guaranteed by the state or the   United States government, (c) certificates of deposit of banks or  trust   companies  in this state, secured, if the authority shall so require, by   obligations of the United States or of the state of New York of a market   value equal at all times to the amount of the deposit, and (d) as to the   said reserve and sinking funds, other securities in which the trustee or   trustees of any public retirement system or pension fund has  the  power   to  invest  the  moneys  thereof  pursuant  to  article  four-a  of  the   retirement and social security law, each such reserve and  sinking  fund   being  treated  as  a separate fund for the purposes of the said article   four-a of the retirement and social security law; 14. To make plans,  surveys,  and  studies  necessary,  convenient  or   desirable  to  the  effectuation  of  the  purposes  and  powers  of the   authority and to prepare recommendations in regard thereto;15. To enter upon such lands, waters or premises as in the judgment of   the  authority 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 authority being liable for  actual   damage done;16.  To  do all things necessary, convenient or desirable to carry out   its purposes and for the exercise of the powers granted in this title.Notwithstanding the foregoing provisions of  this  section,  no  power   granted under this title shall be exercised by the authority without the   prior  submission  of  a  plan  to it by a participating municipality in   accordance with the provisions of section twenty-four hundred sixty-five   hereof.* NB (Disbanded March, 1980)