N.Y. Public Authorities Law § 1856: Acquisition of real property

§ 1856. Acquisition of real property. 1. Upon determination by the

authority that any real property is necessary for its corporate

purposes, the commissioner shall, if so requested by the authority,

acquire the same in the name of the state by dedication, by agreement,

by condemnation pursuant to the condemnation law, or by appropriation in

the manner provided by section thirty of the highway law, and payment

therefor shall be made by the authority from the proceeds of sale of its

bonds, notes or other obligations, or from other available moneys

therefor. The authority shall hold such property in the name of the

state and shall have the right to possess and use for its corporate

purposes, so long as its corporate existence shall continue, all such

real property and rights in real property so acquired.

2. At any time after this title shall become effective, the authority

may, by resolution, assume jurisdiction over and hold in the name of the

state all or any part of the real property acquired and held in the name

of the state by the state office of atomic development. Upon the

effective date of such resolution, the authority shall hold any such

real property in the name of the state and shall have the right to

possess and use for its corporate purposes, so long as its corporate

existence shall continue, any such real property.