N.Y. General Municipal Law § 926: City of Syracuse industrial development agency

* § 926. City of Syracuse industrial development agency. (a) For the

benefit of the city of Syracuse and the inhabitants thereof, an

industrial development agency, to be known as the CITY OF SYRACUSE

INDUSTRIAL DEVELOPMENT AGENCY, is hereby established for the

accomplishment of any or all of the purposes specified in title one of

article eighteen-A of this chapter. It shall constitute a body corporate

and politic, and be perpetual in duration. It shall consist of five

members who shall be appointed by the mayor of the city of Syracuse and

its chairman shall be designated by such mayor. It shall have the powers

and duties now or hereafter conferred by title one of article eighteen-A

of this chapter upon industrial development agencies. It shall organize

in a manner prescribed by and be subject to the provisions of title one

of article eighteen-A of this chapter. The agency, its members, officers

and employees, and its operations and activities shall in all respects

be governed by the provisions of title one of article eighteen-A of this

chapter.

(b) The city shall have the power to make, or contract to make grants

or loans, including but not limited to grants or loans of money, to the

agency in such amounts, upon such terms and conditions and for such

period or periods of time as in the judgment of the city and the agency

are necessary or appropriate for the accomplishment of any of the

purposes of the agency.

* NB Agency expires per §§ 856 and 882