N.Y. Public Authorities Law § 1020-c: Long Island power authority; creation

* § 1020-c. Long Island power authority; creation. 1. For the purpose

of effectuating the policy declared in section one thousand twenty-a of

this title, there is hereby created a corporate municipal

instrumentality of the state to be known as the "Long Island power

authority", which shall be a body corporate and politic and a political

subdivision of the state, exercising essential governmental and public

powers.

2. The area of operations of the authority shall be the service area.

3. The authority is not created or organized, and its operations shall

not be conducted, for the purpose of making a profit. No part of the

revenues or assets of the authority shall inure to the benefit of or be

distributable to its trustees or officers or any other private persons,

except as herein provided for actual services rendered.

* NB There are 2 § 1020-c's