NY Pub Auth L § 1331 (2021)
2021 New York Laws PBA - Public Authorities Article 5 - Public Utility Authorities Title 11-D - Central New York Regional Transportation Authority 1331 - General Powers of the Authority.

§  1331.  General  powers  of  the  authority.  A. 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  borrow  money  and  issue  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 authority,  in  obligations of the state or the United States government or obligations the principal and interest of which are guaranteed by the state or the United States government, or in certificates of deposit  or other  interest  bearing depository accounts in banks or trust companies in this state if the certificate or account is secured by obligations of the United States or of the state of a market value equal at  all  times to the amount of the deposit;   5.  To  make  and  alter  by-laws  for  its  organization and internal management, and rules and regulations  governing  the  exercise  of  its powers and fulfillment of its purposes under this title;   6.  To  enter into contracts and leases and to execute all instruments necessary or convenient;   7. To acquire, hold and dispose of real or personal  property  in  the exercise of its powers;   8.  To  appoint  a general manager, who shall serve at the pleasure of the authority, and such officers and  employees  as  the  authority  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, management  or  technical services and advice; such general manager, counsel, auditors, engineers, and  private  consultants, officers and employees may not be a member of the authority;   9. (a) Notwithstanding section one hundred thirteen of the  retirement and  social  security  law  or  any  other  general  or special law, the authority and any of its subsidiary corporations may continue or provide to its affected officers and employees any retirement, disability, death or other benefits provided or required for railroad  personnel  pursuant to  federal  or  state  law. Notwithstanding any provisions of the civil service law, no officer or employee of a subsidiary corporation, of  the authority,  other than a public benefit subsidiary corporation, shall be a public officer or a public employee;  (b)  The  authority  and  any  of  its   public   benefit   subsidiary corporations  may  be  a  "participating employer" in the New York state employees' retirement system with respect to  one  or  more  classes  of officers  and  employees  of  such  authority or any such public benefit subsidiary corporation,  as  may  be  provided  by  resolution  of  such authority or any such public benefit subsidiary corporation, as the case may  be, or any subsequent amendment thereof, filed with the comptroller and accepted by him pursuant to section thirty-one of the retirement and social security law. In taking any action  pursuant  to  this  paragraph (b), the authority and any of its public benefit subsidiary corporations shall consider the coverages and benefits continued or provided pursuant to paragraph (a) of this subdivision;   10.  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;   11. 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;   12.  The  authority  may  conduct  investigations  and hearings in the furtherance of its general purposes, and in aid thereof 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 authority shall fail or refuse to aid or assist the authority in the conduct  of  any  investigation  or  hearing, or to produce any relevant books, records or other papers, the authority 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;   13.  To  do all things necessary, convenient or desirable to carry out its purposes and for the exercise of the powers granted in this title;   14.  To  enter  into  collective  bargaining  agreements  with   labor representatives duly elected by the employees of the authority;   15. To insure or provide for the insurance of the authority's property or  operations  as  required by law and also against such other risks as the authority may deem advisable.   B. The authority shall prepare and file with the commissioner and each county of the transportation district an  annual  budget  consisting  of projected operating revenues and expenditures for the next fiscal year.   C.  The  authority shall file in the office of the commissioner annual reports, after the close of each of the authority's fiscal years,  which shall  be  open  to  public  inspection.  Such reports shall include, in addition to any  information  which  the  commissioner  may  require,  a statement with respect to its operation including the following data:  (a)  Cost  breakdown  of  real  property  acquired  for each system or facility acquired or operated by the authority;  (b) Cost breakdown in appropriate units  of  facilities  acquired  for each facility acquired or operated by the authority;  (c)  Operating  revenues for each facility acquired or operated by the authority;  (d) Operating expenses for each facility acquired or operated  by  the authority.   The  authority  shall  also  file  copies  of  such  reports  with the legislative body or bodies of the city  of  Syracuse  and  all  counties where such authority operates. In addition, the commissioner may request the   authority  to  file  interim  reports  with  him  containing  such information which he may require  and  the  authority  shall  file  such reports.