NY Pub Auth L § 2504 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 25 - New York City Sports Authority 2504 - General Powers of the Authority.

*  §  2504.  General  powers  of the authority. In the exercise of the   powers  conferred  and  the  performance  of  duties  imposed  upon  the   authority  and subject to limitations contained elsewhere in this title,   the authority shall have the following general powers: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 the management and regulations of its   affairs and subject to agreements with bondholders for the regulation of   any sports facility;4. To make and execute contracts and all other instruments,  including   leases,  subleases and evidences of indebtedness necessary or convenient   to accomplish its corporate purposes;5. To prescribe a system of accounts for the authority;6. To purchase, receive, take  by  gift,  grant,  devise,  bequest  or   otherwise,  lease,  accept  jurisdiction over or otherwise acquire, own,   hold, manage, operate, improve, employ, use and otherwise  deal  in  and   with,  real  or  personal  property,  necessary  or  convenient  for its   corporate purposes;7. To sell or otherwise dispose  of  personal  property  held  in  its   corporate name;8.  Subject to the approval of the mayor, to execute and deliver deeds   for real property held in its corporate name  and  to  transfer,  lease,   sublease  or  otherwise  dispose of or make available real property upon   such terms as shall be agreed upon;9. To accept grants, loans, contributions, subsidies or other forms of   financial assistance from the United States, the state or the  city,  or   any agency or instrumentality thereof, and from any other source, and to   use same or expend the proceeds thereof for its corporate purposes;10.  With  the  consent  of  the  city  to  use  agents, employees and   facilities of the city, including the corporation counsel, paying to the   city its agreed proportion of the compensation or costs;11. To appoint officers, agents  and  employees,  to  prescribe  their   qualifications  and  to fix their compensation; subject, however, to the   provisions of the civil service law, as hereinafter provided;12.   To   engage   the   services   of   construction,   engineering,   architectural,  legal,  financial  or  other  consultants  surveyors and   appraisors, necessary or convenient for its  corporate  purposes,  on  a   contract  basis  or as employees, for professional service and technical   assistance and advice;13. To construct, reconstruct, improve, maintain, or operate or  cause   to  be constructed, reconstructed, improved, maintained or operated such   buildings, structures, parking and other facilities as may be  necessary   or convenient;14.  To  fix  and  collect  rents,  rates,  fees and other charges for   service rendered by the authority or for the use of its property;15. To procure such insurance as the authority deems necessary;16. With the consent of the mayor to  form  or  cause  to  be  formed,   subsidiary  corporations  pursuant  to  any  general  law  of  the state   necessary or convenient for its corporate purposes;17.  To  undertake  planning,  design  and  feasibility   studies   in   accordance with the terms and conditions of any agreement with the city;   or,  subject  to  the approval of the mayor in accordance with the terms   and conditions of any agreement to which the city is not a party;18. To enter into agreements with the  city  and  the  state  and  the   United  States,  or  any  agency or instrumentality thereof, individual,   firm or corporation for any lawful purpose necessary or  convenient  for   its corporate purposes; and 19.  To  do  all  things  necessary  or  convenient  for its corporate   purposes.* NB (Discontinued-Board of Directors never appointed)