2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 28 - New York State Olympic Regional Development Authority › 2611 - Powers of the Authority.

§ 2611. Powers of the authority. Except as otherwise may be 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  acquire, lease, hold and dispose of real and personal property
  or any interest therein for its corporate purposes;
4. 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. Such  rules
  and  regulations  must be filed with the secretary of state and the town
  clerk of North Elba and the town  clerks  of  the  towns  of  Johnsburg,
  Shandaken and Middletown;
5.  To  enter  into  contracts  for  employment  of  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 such personnel as may be  required  for  its  corporate
  purposes  and  private  consultants on a contract basis or otherwise for
  rendering professional or technical services and advice;
6. To schedule and book events at  participating  olympic  facilities,
  and the facilities of Belleayre Mountain ski center and other properties
  owned   or   controlled   by  the  authority  with  public  and  private
  individuals, organizations, groups and other entities  desiring  to  use
  such  facilities for conducting events and activities appropriate to the
  purposes of the authority;
7. To enter into contracts, leases and subleases and  to  execute  all
  instruments  necessary  or  convenient  for  the  conduct  of  authority
  business, including agreements with the  park  district  and  any  state
  agency  which  administers,  owns  or supervises any olympic facility or
  Belleayre Mountain  ski  center,  as  provided  in  sections  twenty-six
  hundred  twelve  and  twenty-six  hundred  fourteen  of  this title, and
  including contracts or other agreements to plan, prepare  for  and  host
  the  two thousand twenty-three World University Games to be held in Lake
  Placid, New York where such contracts or agreements would  obligate  the
  authority to defend, indemnify and/or insure third parties in connection
  with,  arising  out  of, or relating to such games, such authority to be
  limited by the amount of any lawful appropriation or other funding  such
  as  a  performance  bond surety, or other collateral instrument for that
  purpose. With respect to the two thousand twenty-three World  University
  Games,  the  amount  of such appropriation shall be no more than sixteen
  million dollars;
8. To undertake or cause to be undertaken plans, surveys, analyses and
  studies necessary, convenient or desirable for the effectuation  of  the
  purposes  and  powers of the authority and to prepare recommendations in
  regard thereto;
9. To enter into contracts to operate,  maintain  and  manage  olympic
  facilities and the Belleayre Mountain ski center;
10.  To  fix  and collect fees, rents and other charges for the use of
  olympic facilities and to authorize any other person on  its  behalf  to
  collect same;
11.  To  conduct  or  contract  for  the  conduct  of all necessary or
  convenient services relevant to the publicizing, advertising,  marketing
  and  promoting  of participating olympic facilities and events scheduled
  at such facilities, including, without limitation,  the  sale  of  media
  rights;
12.  To operate, or contract for the operation of, concession services
  at any participating olympic facility  or  the  Belleayre  Mountain  ski
  center;
13.  To  contract for and to accept any gifts or grants, subsidies, or
  loans of funds or property or financial or other aid in  any  form  from
  the  federal  or  state  government  or  any  agency  or instrumentality
  thereof, or from any other source, public or  private,  and  to  comply,
  subject  to  the provisions of this title, with the terms and conditions
  thereof; provided however, the authority  shall  not  contract  for  the
  payment  of  debt  evidenced  by  bonds  or  notes  or other evidence of
  indebtedness issued by any public corporation for  capital  improvements
  either  directly  or  through a lease purchase agreement with any public
  corporation without the prior approval of the public authorities control
  board;
14. To develop and construct, or participate in  the  development  and
  construction of, a facility or facilities, whether or not to be owned by
  the  authority, and to operate, maintain and manage any such facilities,
  for the training and housing of amateur athletes in connection with  the
  United  States  olympic  training  center  program  and  the authority's
  conduct of national and international sports events;
15. To procure insurance against any loss or liability  in  connection
  with the use, management, maintenance and operation of the participating
  olympic facilities and/or Belleayre Mountain ski center, in such amounts
  and from such insurers, subject to public bidding as it deems desirable;
  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.