2023 New York Laws › PBA - Public Authorities › Article 5 - Public Utility Authorities › Title 12 - New York State Environmental Facilities Corporation › 1284 - General Powers of the Corporation.

§ 1284. General powers of the corporation. Except as otherwise limited
  by this title, the corporation 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 or non-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
  corporation (i) in obligations of the state  or  the  United  States  of
  America;  (ii)  in  obligations  the principal and interest of which are
  guaranteed by the state or  the  United  States  of  America;  (iii)  in
  obligations issued by the United States of America, an agency thereof or
  a  United  States  government sponsored corporation or obligations fully
  insured or guaranteed as to the payment of principal and interest by the
  United  States  of  America,  an  agency  thereof  or  a  United  States
  government  sponsored  corporation;  or  in  deposits with such banks or
  trust companies as may be designated by the corporation. Each such  bank
  or  trust  company  deposit  shall  be continuously and fully secured by
  direct obligations of the state or the United States of America,  or  by
  obligations  the  principal  and interest of which are guaranteed by the
  state or the United States  of  America,  and  additionally,  any  funds
  managed  by the corporation for any municipality may be continuously and
  fully secured by obligations of any  municipality,  school  district  or
  district corporation of the state of New York of a market value equal at
  all  times  to  the  amount  of  the  deposit,  and  all banks and trust
  companies are hereby authorized to give such security;
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 enter into contracts and leases and to execute  all  instruments
  necessary or convenient or desirable for the purposes of the corporation
  or to carry out any powers expressly given it in this title;
7. To acquire, purchase, hold, lease as lessee, dispose of and use any
  real  or personal property or any interest therein necessary, convenient
  or desirable to carry out the purpose of this title and to  sell,  lease
  as  lessor,  transfer and dispose of any property or interest therein at
  any time required by it in the exercise of its power including  but  not
  limited  to  the sale, transfer or disposal of any materials, substances
  or sources or forms of energy derived from any corporate activity.
8. 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 and private  consultants  on  a  contract  basis  or
  otherwise for rendering professional or technical services and advice;
9.  To  make  plans,  surveys,  and  studies  necessary, convenient or
  desirable to  the  effectuation  of  the  purposes  and  powers  of  the
  corporation  and  to prepare recommendations in regard thereto, provided
  that such plans,  surveys,  studies  and  recommendations  shall  be  in
  conformity with any comprehensive studies and reports on the collection,
  treatment  and disposal of sewage conducted and approved pursuant to the
  provisions of section twelve hundred sixty-three-a of the public  health
  law,  on  the collection, treatment and disposal of refuse conducted and
  approved pursuant to the provisions of title IX  of  the  public  health
  law,  and on public water supply systems conducted and approved pursuant
  to the provisions of part V-A of article V of the conservation  law  and
  on  the  control  and  abatement of air pollution conducted and approved

  pursuant to the provisions of title II, article twelve-A of  the  public
  health law;
10.  To  enter upon such lands, waters, or premises as in the judgment
  of the corporation 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  corporation  being
  liable for actual damage done;
11.  To  conduct investigations and hearings in the furtherance of its
  general purposes, and in aid  thereof  to  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
  corporation shall fail or refuse to aid or assist the corporation in the
  conduct  of  any  investigation  or  hearing, or to produce any relevant
  books, records or other papers, the corporation 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;
12. To acquire municipal bonds  and  notes  and  bonds  and  notes  of
  certain  state  agencies,  and  to  make  loan  commitments and loans to
  municipalities and certain state agencies,  and  to  enter  into  option
  arrangements with municipalities for the purchase of municipal bonds and
  notes;
13.  To  sell any municipal bonds or notes, other securities, or other
  personal property acquired by the corporation whenever it is  determined
  by  the  corporation  that  the  sale  of  such  property  is desirable;
  municipal bonds and notes acquired by the corporation shall be  sold  by
  the  corporation only at public sale at such price or prices as it shall
  determine, and a notice of such sale shall be published at least once at
  least five days prior to the date of such sale in a financial  newspaper
  or  journal  published in the City of New York; the proceeds of the sale
  by the corporation of any municipal bonds or notes shall be required  to
  be  held  for  the  benefit  of the bonds and notes and interest thereon
  entitled to be paid therefrom, or shall be used to purchase, or  applied
  towards  the  redemption  of  bonds  or  notes,  at  not  more  than the
  redemption price then applicable, plus  accrued  interest  to  the  next
  payment  date  thereon,  or, if not then redeemable, at a premium of not
  more than the redemption price applicable on the first date  after  such
  purchase  upon  which  the  bonds or notes become subject to redemption,
  plus accrued interest to said date, all subject to such agreements  with
  bondholders or noteholders as may then exist;
14.  To  accept any gifts or grants or loans of funds or property from
  the federal government or from the state or from any  other  federal  or
  state  public  body  or political subdivision or any other person and to
  comply, subject to the provisions of this  title,  with  the  terms  and
  conditions thereof;
15.   To  appoint  such  advisory  committees  as  may  be  necessary,
  convenient or desirable to the effectuation of the purposes  and  powers
  of the corporation; and
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.