2023 New York Laws › EDN - Education › Title 7 - State and City Colleges and Institutions-Cornell University › Article 125-B - City University Construction Fund › 6275 - General Powers.

§ 6275. General  powers.  The  fund shall have the following powers in
addition to those specially conferred elsewhere in this article:
(1) to sue and to be sued;
(2) to have a seal and alter the same at its pleasure;
(3) to make and  alter  by-laws  for  its  organization  and  internal
management;
(4)  to prescribe a system of accounts, with the approval of the state
comptroller;
(5) to accept jurisdiction over and  to  hold,  use  and  improve,  in
accordance  with  such  terms  and  conditions  as the fund and the city
university shall determine any or all real property acquired  by,  under
the  jurisdiction  of,  or  assigned  to  the use of the board of higher
education for purposes of the city university, together with such rights
and privileges as may be incidental and appurtenant thereto;
(6)  to  purchase  real  property  necessary  or  convenient  for  its
corporate  purposes in its own name and to execute and deliver deeds for
real property held in its own name;
(7) to purchase, receive, lease or otherwise acquire personal property
necessary and convenient for its corporate  purposes  and  to  transfer,
sublease or otherwise make such personal property available to the board
of  higher  education or the dormitory authority or to sell or otherwise
to dispose of such personal property that, in the judgment of the  fund,
is no longer necessary for its corporate purposes;
(8)  subject  to  other  provisions of law, to give, donate, transfer,
grant or lend to the city university upon such terms and  conditions  as
is  deemed  appropriate such sums of money as are not required for other
purposes;
(9) to make and execute contracts, leases,  subleases  and  all  other
instruments  or  agreements  necessary or convenient for the exercise of
its  corporate  powers  and  purposes  to  an   amount   not   exceeding
seventy-five  thousand dollars without prior approval by any other state
officer or agency; notwithstanding the foregoing, all contracts, leases,
subleases,  and  all   other   instruments   or   agreements   exceeding
seventy-five  thousand dollars in amount shall be subject to section one
hundred twelve of the state finance law;
(10) with the consent of the board of higher  education,  to  use  the
agents, employees and facilities of the city university;
(11)   to   engage   the   services   of   construction,  engineering,
architectural,  legal   and   financial   consultants,   surveyors   and
appraisers,  on  a  contract  basis  or  as  employees, for professional
service and technical assistance and advice;
(12) to  cause  facilities  to  be  designed,  constructed,  acquired,
reconstructed,  rehabilitated, improved, operated, maintained, furnished
and equipped and made secure in accordance with the provisions  of  this
article;
(13) to procure insurance against loss in connection with any facility
in such amounts and from such insurers as it deems desirable;
(14)  to accept, administer and disburse federal, state, and city aid;
and
(15) to do any and all things necessary or convenient to carry out its
corporate powers and purposes.