NY Pub Auth L § 2675-E (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 28-BB - Albany Convention Center Authority 2675-E - General Purposes and Powers of the Authority.

§  2675-e.  General  purposes and powers of the authority. The general   purposes of the authority shall be to design,  develop,  plan,  finance,   create,  site,  construct,  renovate,  administer,  operate, manage, and   maintain the convention facility of the authority.  To  carry  out  such   purposes the authority shall have the following powers:1. To sue and be sued;2. To have a seal and alter the same at its pleasure;3.  To  acquire  by purchase or condemnation, real property within the   city of Albany necessary, desirable  or  convenient  for  its  corporate   purposes  and  hold,  use, develop and dispose of the same in connection   therewith;4. To borrow money and issue bonds of the authority  for  any  of  its   corporate  purposes, to secure the same with its revenues or other funds   and otherwise to provide for and  secure  the  payment  thereof  and  to   provide  for  the  rights  of  holders thereof and to fund or refund the   same;5. To acquire, hold, use and dispose  of  personal  property  for  its   corporate purposes;6.  To  make by-laws for the regulation of its affairs and the conduct   of its business;7. To appoint officers, agents and employees; and  to  describe  their   qualifications  and  fix  their  compensation  subject,  however, to the   provisions of the civil service law;8. To make  contracts  and  leases  and  to  execute  all  instruments   necessary or convenient for its corporate purposes;9.  To  accept  grants, loans, funding or other contributions from the   United States, the state of New York,  the  county  of  Albany,  or  any   agency  or  instrumentality of them, or the city of Albany or any of its   agencies or instrumentalities,  or  any  privately  endowed  foundation,   organization   or   individual,   including   gifts,  grants,  loans  or   contributions of real or personal property and to  expend  the  proceeds   for any purposes of the authority;10.  To  fix  and collect revenues, dues, costs, assessments, rentals,   fees and other charges for the use of real or personal  property  and/or   facilities   comprising  the  convention  facility  subject  to  and  in   accordance with such agreements with bondholders as may be  provided  in   this title;11.   To   contract   for   the  services  of  architects,  engineers,   consultants, lawyers, financial and other professional  consultants  and   advisors,  developers,  contractors,  vendors, concessionaires, tenants,   and/or  convention  facility  users,  occupant  managers   and   service   providers and to fix their compensation;12.  To  design, develop, own, plan, finance, create, site, construct,   renovate, administer, operate, manage and/or  maintain  such  buildings,   structures   and  other  improvements  and  facilities  comprising  such   convention facility;13. To designate the depositories of its money;14. To establish its fiscal year;15. To enter into any lease of or to mortgage any  property,  and  the   site thereof;16. To enter into agreements, in its discretion, to pay annual sums in   lieu  of  taxes  to the city of Albany, the Albany city school district,   the Albany public library, the county of Albany, or any other  political   subdivision or taxing district within the county of Albany in respect of   any  real  property  which  is owned by the authority and located in any   such municipality, political subdivision or taxing district; 17. With the consent  of  the  city,  to  use  agents,  employees  and   facilities  thereof;  paying  to  the  city  an agreed proportion of the   compensation or cost thereof; and18.  To  do  all  things necessary, convenient or desirable, including   ancillary and incidental activities, to carry out its purposes  and  for   the exercise of the powers granted in this title.