2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 9 - New York State Energy Research and Development Authority › 1855 - General Powers of the Authority.

§  1855.  General  powers  of  the  authority.  Subject  to  the other
  provisions of this  title  and  the  provisions  of  any  contract  with
  bondholders  or  noteholders,  the  authority  shall  have the following
  powers in  addition  to  any  powers  specifically  conferred  upon  the
  authority elsewhere in this title:
1. To sue and be sued.
2. To have a seal and alter the same at pleasure.
3.  To  make  and  alter  by-laws  for  its  organization and internal
  management.
4. To make  rules  and  regulations  governing  the  exercise  of  its
  corporate  powers  and  the  fulfillment of its corporate purposes under
  this title and title nine-A of this article, which shall be  filed  with
  the  department  of  state in the manner provided by section one hundred
  two of the executive law.
5. To purchase, receive, lease or otherwise acquire, to  hold  in  the
  name  of  the  state or otherwise, and to sell, convey, mortgage, lease,
  pledge or otherwise dispose of, upon such terms and  conditions  as  the
  authority  may deem advisable, real and personal property, together with
  such rights and privileges as may be incidental and appurtenant  thereto
  and  to  the  use  thereof,  including  but  not  restricted to any real
  property acquired or held by the authority pursuant to the provisions of
  section eighteen hundred  fifty-six  of  this  title  and  any  real  or
  personal  property  acquired  by  the  authority  in the satisfaction of
  obligations contained in contracts, leases or other arrangements.
6. To enter into contracts, leases or other arrangements providing for
  the establishment, operation, development and management of any property
  or facility under the jurisdiction of the authority.
7. To enter into contracts, leases or  other  arrangements  permitting
  any person to use any property or facility under the jurisdiction of the
  authority;  permitting  such  person  to  build  or  add  facilities  or
  improvements upon such property  or  facility;  and  providing,  at  the
  discretion of the authority, for the acquisition by the authority of any
  such facilities or improvements built or added by such person, upon such
  terms and conditions as the authority may deem advisable.
8. To sell or otherwise make available, upon such terms and conditions
  as  the authority may deem advisable, any product, by-product or service
  produced in or provided by any facility under its jurisdiction.
9. To fix and collect fees, rentals and charges for  the  use  of  any
  property  or  facility  under  its  jurisdiction, or for the sale of any
  product, by-product or service produced  in  or  provided  by  any  such
  facility,  and  to  establish  the  rights  and  privileges created upon
  payment thereof. Such fees, rentals and charges shall be established  by
  the  authority  so  as  to  produce,  in  the judgment of the authority,
  revenues sufficient, together with any  other  funds  available  to  the
  authority,  to  meet  the  expenses  of maintenance and operation of the
  facilities of the authority, to repay any moneys repayable to the state,
  to fulfill the terms of agreements with the holders of its bonds,  notes
  or  other  obligations,  and  to  provide funds for such other corporate
  purposes as the authority may deem appropriate.
10. To enter  into  any  contracts  and  to  execute  all  instruments
  necessary or convenient for the exercise of its corporate powers and the
  fulfillment of its corporate purposes under this title.
11. To borrow money and to issue bonds, notes or other obligations and
  to provide for the rights of the holders thereof.
12.  To  enter  into agreements to pay annual sums in lieu of taxes to
  any municipality or taxing district of the state in respect of any  real
  property  which  is owned by the authority, leased by the authority to a
  person and located in such municipality or  taxing  district,  provided,

  however,  that  the  amount  so paid for any year upon any such property
  shall not exceed the sum last paid as taxes on  such  property  to  such
  municipality  or taxing district prior to the time of its acquisition by
  the authority.
13.  To  procure insurance, or obtain indemnification from the federal
  government or other persons, against any loss  in  connection  with  the
  assets  of  the  authority  and  any  liability  in  connection with the
  activities of the authority, such insurance  or  indemnification  to  be
  procured  or  obtained  in  such  amounts, and from such sources, as the
  authority deems to be appropriate.
14. To accept any gifts or grants or loans of  funds  or  property  or
  financial  or  other  aid in any form from the federal government or any
  agency or instrumentality thereof or from the state or  from  any  other
  source  and to comply, subject to the provisions of this title, with the
  terms and conditions thereof.
15. To enter into any lands, waters or premises  for  the  purpose  of
  making  borings, soundings, surveys or other investigations necessary to
  the purposes of the authority or to public health and safety.
16. To engage  the  services  of  bond  counsel,  financial  advisors,
  accountants,  engineers,  attorneys  and  other private consultants on a
  contract basis for rendering professional and technical  assistance  and
  advice.
17.  To  do  all  things  necessary  or  convenient  to  carry out its
  corporate purposes and exercise the powers given  and  granted  by  this
  title.