2023 New York Laws › ACA - Arts and Cultural Affairs › Title E - New York State Cultural Resources Act › Article 21 - Trust for Cultural Resources of the City of New York › 21.05 - Creation and Administration of the Trust.

§ 21.05. Creation  and administration of the trust. 1. There is hereby
  created the trust for cultural resources of the city of New  York  which
  shall  have all the powers, rights, privileges and exemptions of a trust
  for cultural resources described in article twenty of this  chapter  and
  this article.
2.  The board of trustees of the trust shall consist of nine trustees,
  as follows: the deputy mayor of finance and economic development of  the
  city  of  New  York,  the  chairperson  of  the New York city industrial
  development agency, the commissioner of cultural affairs of the city  of
  New  York and six trustees to be appointed by the mayor. The mayor shall
  designate one of the trustees appointed by the mayor as chairman of  the
  board  of  trustees. The chairman shall preside over all meetings of the
  board of trustees, and after consultation with the mayor,  the  chairman
  may  appoint  a  trustee  who may be the chairman as president and chief
  executive officer of the trust. The chairman and the president and chief
  executive officer shall have such powers and duties as are set forth  in
  the  by-laws  of  the  trust.  Trustees  appointed by the mayor shall be
  appointed for a term of six years from  the  effective  dates  of  their
  appointments; provided, however, that the term of office of two trustees
  first  appointed  shall  be  five  years,  and the term of office of one
  trustee first appointed shall be four years. All trustees shall continue
  to hold office until their successors have been  appointed.  If  at  any
  time  there  is a vacancy in the membership of the board of trustees, by
  reason  of  death,  resignation,  disqualification  or  otherwise,  such
  vacancy shall be filled for the unexpired term in the same manner as the
  original  appointment.  The mayor may remove any trustee from office for
  cause.
3. The deputy mayor for economic development  and  rebuilding  of  the
  city  of  New  York,  the  chairperson  of  the New York city industrial
  development agency and the commissioner of cultural affairs of the  city
  of  New York each may designate a person from his or her staff or agency
  to represent him or her at all meetings of the board of trustees of  the
  trust  for  cultural  resources for the city of New York from which such
  trustee may be absent. Any representatives so designated shall have  the
  power  to  attend and to vote at any meeting of the board of trustees of
  said trust from which the trustee so designating him or her  is  absent,
  with  the  same  force  and  effect  as  if the trustee designating such
  representative were present and voting. Such  designation  shall  be  by
  written  notice  signed  by  the  trustee  making  the  designation  and
  delivered to the chairman of the board of  trustees  of  the  trust  for
  cultural  resources  for  the  city of New York. The designation of each
  such person shall continue until revoked at any time by  written  notice
  signed  by the trustee making the designation or his or her successor in
  office. Such designation shall not limit the power of the trustee making
  the designation to attend and vote in person at any meeting of the board
  of trustees of the trust for cultural resources  for  the  city  of  New
  York.
4.  Notwithstanding  any other provision of law, any person serving as
  an ex officio member of the board of trustees of the trust for  cultural
  resources  for  the  city  of  New York, may also serve as an ex officio
  member  of  the  board  of  trustees,  or  equivalent   body,   of   any
  participating  cultural institution. Notwithstanding any other provision
  of law, the trust for cultural resources for the city of  New  York  may
  enter   into   a  financing  agreement  with  a  participating  cultural
  institution if more than one person serving on the board of trustees, or
  the equivalent body, of such participating cultural  institution  serves
  concurrently  on  the  board  of  trustees  of  the  trust  for cultural
  resources for the city of New York, provided, however, that no more than

  one such person serves other than in an ex officio capacity. Any trustee
  of the trust for cultural resources for the city  of  New  York  who  is
  concurrently  serving on the board of trustees, or equivalent body, of a
  participating  cultural  institution shall refrain from participating in
  discussions or  voting  on  matters  pertaining  to  such  participating
  cultural  institution,  except  that  any  such trustee of the trust for
  cultural resources for the city of New York who is serving  concurrently
  as an ex officio member of the board of trustees of such trust and as an
  ex  officio  member of the board of trustees, or the equivalent body, of
  such participating cultural institution may participate  in  discussions
  and   voting  on  matters  pertaining  to  such  participating  cultural
  institutions while attending any regularly  scheduled  meeting  or  duly
  called  special  meeting  of  the  board  of directors for the trust for
  cultural resources for the city of New York.