NY Pub Auth L § 153-B (2021)
2021 New York Laws PBA - Public Authorities Article 2 - Park, Parkway and Highway Authorities Title 3 - Jones Beach State Parkway Authority 153-B - Further Additional Powers of the Authority.

* §  153-b.  Further additional powers of the authority. The authority   shall have the power,  in  addition  to  the  powers  granted  in  other   sections of this title:1.  To  construct  an  extension of Meadowbrook state parkway from the   Southern state parkway to the Northern  state  parkway  with  incidental   roads,  structures,  facilities and bridges and to maintain, reconstruct   and operate such extension;2.  To  reconstruct,  widen  and  otherwise  improve  and   thereafter   maintain,  reconstruct  and operate (a) Southern state parkway, together   with  incidental  parkway   facilities   now   existing   or   hereafter   constructed,  on and along said parkway, from and including a connection   with the Belt parkway to Wantagh avenue and to acquire real property and   rights therein for future widening of  Southern  state  parkway  between   Wantagh   avenue  and  the  easterly  boundary  of  Nassau  county,  (b)   Meadowbrook state parkway  from  Merrick  road  to  the  Southern  state   parkway, and (c) Wantagh state parkway from Merrick road to the Southern   state parkway;3.  To  construct,  reconstruct,  improve  and thereafter maintain and   operate  facilities  such  as  gasoline,  comfort,  repair  and  storage   stations  and  other similar facilities along the route of the extension   of Meadowbrook state parkway  referred  to  in  paragraph  one  of  this   section  and  the  parts of the parkways referred to in paragraph two of   this section, to contract for such construction, and to lease the  right   to  construct  and  use  such  facilities  on  such  terms  and for such   consideration as it shall determine, provided, however, that no lease be   made for a period of more than ten years from the date when it is made;4. To  construct  and  maintain  over,  under,  along  or  across  the   extension  of  Meadowbrook state parkway referred to in paragraph one of   this section and the parts of the parkways referred to in paragraph  two   of  this section, telephone, telegraph or electric wires and cables, gas   mains, water mains, and other mechanical equipment not inconsistent with   park or parkway purposes; to contract for such construction and to lease   the right to construct and/or use the same on such terms  and  for  such   consideration  as  it  shall determine, provided, however, that no lease   shall be made for a period of more than ten years from the date when  it   is  made.  The authority shall also have power to grant, with respect to   any real property under its jurisdiction, on such terms  and  conditions   and  under such regulations and restrictions as the authority shall deem   just and proper, licenses or easements to any governmental agency of the   state of New York or to any municipal corporation,  public  district  or   governmental  agency  thereof, or to the United States of America or any   governmental agency thereof for any  public  purposes  and  in  addition   thereto may grant licenses or easements to individuals, partnerships and   corporations  for  drainage  facilities,  sewers,  water  and gas mains,   electric and telephone conduits, and railroad facilities. The  authority   shall also have power to sell, exchange or otherwise dispose of any real   property  or  interest  therein  acquired at the cost and expense of the   authority pursuant to the exercise of the powers granted by section  one   hundred  fifty-eight-b  of  this  title  which  is not necessary for its   corporate purposes or whenever the board shall determine that it  is  in   the  interest  of  the authority to do so. The proceeds of any such sale   shall be paid to the authority and applied to its corporate purpose.5. To charge tolls for the use of the part of Southern  state  parkway   improved  by  the  authority  subject  to  and  in  accordance  with any   agreements with bondholders made as hereinafter provided. The toll shall   be ten cents unless the revenues from such tolls and the income from the   facilities authorized by the foregoing provisions of  this  section  are   insufficient  to  meet all obligations of such agreements and to pay the    costs of operating and maintaining the parkways and facilities  operated   and  maintained by the authority pursuant to the foregoing provisions of   this section. The revenue from such  tolls  and  the  income  from  such   facilities  shall  be  used only to meet such obligations and to pay the   cost of constructing, reconstructing,  operating  and  maintaining  such   parkways and facilities;6.  To  pledge the tolls from the Southern state parkway and any other   revenues from the parkways operated  and  maintained  by  the  authority   pursuant to this section;7.  From time to time to issue bonds in the aggregate principal amount   of forty million dollars for any or all of the  following  purposes  and   purposes  incidental  thereto:  (a)  purposes  authorized by section one   hundred  fifty-three-b;  (b)  reconstructing,  widening  and   otherwise   improving  Meadowbrook  parkway  from  Merrick road to Jones Beach state   park, Wantagh parkway from Merrick road to Jones Beach  state  park  and   Loop  parkway;  (c)  constructing additional parking facilities on Jones   Beach at a total cost of not exceeding one  million  two  hundred  fifty   thousand  dollars;  and  (d)  the  payment  of  all  costs  and expenses   incidental to the issuance of  such  bonds,  including  interest  during   construction.  Such  bonds  shall mature not later than forty years from   January first, nineteen hundred fifty-four, and the authority shall  not   have  power  to  refund  the issuance of such bonds. The authority shall   have power to employ financial advisors in connection with the  issuance   of  such  bonds.  No revenues or moneys of the authority, other than the   tolls and other  revenues  from  the  Southern  state  parkway  and  the   proceeds  from  the  sale of the bonds, shall be pledged for or shall be   applicable to the payment of such bonds.  All  the  provisions  of  this   title  relating  to bonds which are not inconsistent with the provisions   of this section, shall apply to the bonds  authorized  by  this  section   except section one hundred fifty-eight and subdivisions two and three of   section  one  hundred fifty-eight-a. The authority also shall have power   from time to time in anticipation of the issuance of bonds  pursuant  to   this section to borrow money on bank loans and to evidence such loans by   notes  or  otherwise.  Such loans and notes shall be subject to the same   provisions of this title as relates to bonds  issued  pursuant  to  this   section;8. Bonds issued pursuant to this section shall be sold at public sale,   upon sealed bids publicly opened and read, to the bidder who shall offer   the  lowest interest cost to the authority, or if the authority shall so   determine, at the highest price. The notice of sale shall  be  published   at  least once, not less than seven nor more than thirty days before the   date of sale, in a financial newspaper published and circulated  in  the   city  of New York. Such notice shall contain a statement of the time and   place where all bids received  in  pursuance  of  such  notice  will  be   publicly  opened and read. Such bonds shall be sold for a price not less   than ninety-eight per centum of the  par  value  thereof,  plus  accrued   interest. The provisions of this subdivision shall not apply to notes of   the authority issued pursuant to subdivision seven of this section;9.   Notwithstanding  and  in  addition  to  any  provisions  for  the   redemption of bonds  issued  pursuant  to  this  section  which  may  be   contained  in  any contract with the holders of such bonds, the state of   New York may, upon furnishing sufficient  funds  therefor,  require  the   authority  to  redeem,  prior to maturity, as a whole, any issue of such   bonds on any interest payment date not less than five  years  after  the   date  of the bonds of such issue at one hundred five per centum of their   face value and accrued interest or at such lower redemption price as may   be provided in the bonds in case of the redemption thereof as a whole on   the redemption date. Notice of such redemption  shall  be  published  at    least  twice  in  at  least  two  newspapers  published  and  circulated   respectively in the county of Nassau and city of  New  York,  the  first   publication to be at least thirty days before the date of redemption;10.  The  authority  shall  have  the right to possess and use for its   corporate purposes the extension of Meadowbrook state  parkway  referred   to  in  paragraph  one  of  this  section  and the parts of the parkways   referred to in paragraph two of this section,  together  with  necessary   facilities  now  existing  or  hereafter  constructed  on  or along said   parkways. Policing of the parkways and other facilities of the authority   shall continue to be the responsibility of the force of  park  patrolmen   under  the  direction  of the commission. Such possession and use by the   authority shall continue until its liabilities  for  such  parkways  and   facilities  have  been met and the bonds authorized by this section have   been paid in full or such liabilities having otherwise been  discharged.   Thereafter  such  parkways  and  facilities  shall pass to the state and   become subject to the jurisdiction of the commission;11. All contracts  involving  payments  of  more  than  five  thousand   dollars,  except  for  professional or financial advisory services or in   connection with the issuance of bonds or notes,  shall  be  let  to  the   lowest  responsible  bidder  by  sealed  proposals publicly opened after   public notice published at least once  in  the  official  newspapers  of   Nassau  county,  at  least  ten  days  prior  to the day on which sealed   proposals are to be opened; provided, however, the authority may  reject   any  and  all  proposals  and  may  advertise for new proposals as above   provided if in its opinion the best  interests  of  the  authority  will   thereby be promoted.* NB (Authority abolished June 30, 1978)