N.Y. Public Authorities Law § 1727: New York city school construction authority

§ 1727. New York city school construction authority. 1. There is

hereby established a public benefit corporation to be known as the "New

York city school construction authority".

2. The authority shall be governed by and its powers shall be

exercised by a board of trustees consisting of three members. The

members shall be the chancellor, or acting chancellor if the position of

chancellor is vacant, and two other members, to be appointed by the

mayor. The chancellor or acting chancellor shall serve as the

chairperson of the board of trustees. No member of the city board or of

a community school board shall be one of the appointed members of the

board, nor shall an officer or employee of the city or state be one of

the appointed members of the board. The appointed members shall serve at

the pleasure of the mayor.

3. Each appointed member shall continue in office until a successor

has been appointed and qualifies. In the event a vacancy occurs in the

office of an appointed member, the vacancy shall be filled in the same

manner as was the original appointment of the trustee whose office

became vacant.

4. Appointed members may engage in private employment, or in a

profession or business; provided, however, that notwithstanding any

otherwise applicable provision of general law, the members shall be

subject to the limitations contained in sections twenty-six hundred

three, twenty-six hundred four, twenty-six hundred five, and twenty-six

hundred six of the New York city charter. The authority shall, for the

purposes of such sections be an "agency" and such trustees shall be

"public servants" for the purposes of such sections. In addition, such

trustees shall be subject to the provisions of section eleven hundred

sixteen of such charter and shall for the purposes of such section be

"officers of the city". Notwithstanding any otherwise applicable

provision of general law, employees of the authority shall be subject to

such provisions of such charter and shall be deemed to be officers and

employees of the city of New York for purposes of the financial

disclosure requirements of section 12-110 of the administrative code of

such city.

5. The board shall provide for the holding of regular meetings and

such special meetings at the call of the chairman, as may be necessary.

A majority of the whole number of trustees shall constitute a quorum for

the transaction of business. The powers of the board shall be vested in

and exercised by a majority of the whole number of the members thereof.

6. Trustees shall receive no compensation for their services, but

shall be reimbursed for the actual and necessary expenses incurred by

them in the performance of their official duties as trustees of the

authority.

7. The board shall appoint as president of the authority an individual

who has extensive executive-level construction experience. The

president, who shall not be a member of the board, shall be the chief

executive officer of the authority and shall be responsible for the

discharge of the executive and administrative functions and powers of

the authority. The president shall serve at the pleasure of the board.

8. The authority shall continue in its corporate existence until

terminated by law. Upon termination of the existence of the authority,

all of the property interests of the authority shall pass to and vest in

the city and the city shall assume any outstanding contractual duties or

obligations of the authority, except as otherwise may be specified by

law.