N.Y. Public Authorities Law § 1283: Purposes of the corporation

§ 1283. Purposes of the corporation. 1. The purposes of the

corporation shall be the planning, financing, construction, maintenance

and operation of sewage treatment works, sewage collecting systems, air

pollution control facilities, water management facilities, storm water

collecting systems, solid waste disposal facilities and state park

infrastructure projects, the construction on behalf of municipalities

and state agencies of sewage treatment works, sewage collecting systems,

air pollution control facilities, water management facilities, storm

water collecting systems and solid waste disposal facilities, the

financing, for or on behalf of persons, of sewage treatment works, air

pollution control facilities, water management facilities, and solid

waste disposal facilities and the making of loans which may, but need

not, be secured by mortgage, contracts and other instruments to persons

for the planning and construction of sewage treatment works, air

pollution control facilities, water management facilities and solid

waste disposal facilities and the assistance of municipalities, state

agencies and the state in the planning, financing, construction,

maintenance and operation of sewage treatment works, sewage collecting

systems, air pollution control facilities, water management facilities,

storm water collecting systems and solid waste disposal facilities, in

accordance with the provisions of this title. In addition, the purposes

of the corporation shall include financing the design, acquisition,

construction, improvement and installation of all or any portion of

Riverbank Park.

2. It is hereby found and declared that such purposes are in all

respects for the benefit of the people of the state of New York and the

corporation shall be regarded as performing an essential governmental

function in carrying out its purposes and in exercising the powers

granted by this title.