N.Y. Public Authorities Law § 2579: General powers of the authority

§ 2579. General powers of the authority. Except as otherwise limited

by this title, the authority shall have power:

1. To sue and be sued;

2. To have a seal and alter the same at pleasure;

3. To borrow money and issue bonds for any of its corporate powers,

purposes or its projects, and to provide for the rights of the holders

thereof;

4. To make bylaws and rules for the management and regulation of its

affairs and for the regulation of any project and, subject to agreements

with its bondholders, to make and alter rules and regulations governing

the exercise of its powers and the fulfillment of its purposes under

this title. A copy of such bylaws and rules, and all amendments thereto,

duly certified by the secretary of the authority shall be filed in the

office of the county clerk of the county and shall be published

thereafter once in each of two newspapers having a general circulation

in the county;

5. To acquire by purchase, grant, lease, gift, or condemnation

pursuant to the provisions of the eminent domain procedure law and at

the request of the municipality in which the real property is located,

and to hold and use property necessary, convenient or desirable to carry

out its corporate purposes, and to sell, convey, mortgage, lease,

pledge, exchange or otherwise dispose of any such property in such

manner as the authority shall determine;

6. To acquire, construct, reconstruct, lease, expand, improve,

maintain, equip, furnish, and operate a project for purposes of

professional soccer and, if necessary, to pay or finance the cost

thereof, and provided, that any lease, management or operation agreement

shall contain a condition that the lessee, manager or operator shall

establish a summer soccer program for city youth;

7. To operate and maintain a facility for the purposes of minor league

baseball, presently known as Frontier Field;

8. To apply for and to accept gifts, grants, loans, or contributions

of funds or property or financial or other aid in any form, from, and

enter into contracts or other transactions with, the federal government,

the state, any municipality, any public corporation, or any other

source, and to use any such gifts, grants, loans or contributions for

any of its corporate purposes; provided that in any agreement selling

the naming rights to a sports facility constructed for purposes of

professional soccer, there shall be a provision requiring that the

person purchasing such naming rights shall initiate a youth internship

program for city high school students;

9. To grant options to renew any lease with respect to any project or

projects and to grant options to buy any project at such price as the

authority may deem desirable;

10. To designate the depositories of its money;

11. To establish its fiscal year;

12. To enter into contracts, agreements and leases and to execute all

instruments necessary or convenient to accomplishing its purposes as

described in this title;

13. To appoint such officers, employees and agents as the authority

may require for the performance of its duties, and to fix and determine

their qualifications, duties, and compensation, subject to the

provisions of the civil service law and any applicable collective

bargaining agreement, and to retain or employ counsel, auditors,

engineers and private consultants on a contract basis or otherwise for

rendering professional, management or technical services and advice;

14. With the consent of the county executive, to use employees,

agents, consultants and facilities of the county paying its agreed

proportion of the compensation or costs;

15. To make plans, surveys, and studies necessary, convenient or

desirable to the effectuation of the purposes and powers of the

authority and to prepare recommendations in regard thereto;

16. To enter upon such lands, waters or premises as in the judgment of

the authority may be necessary, convenient or desirable for the purpose

of making surveys, soundings, borings and examinations to accomplish any

purpose authorized by this title;

17. To establish, fix, revise, charge, collect and enforce fees and

charges for the use of such facilities so as to provide revenues which,

together with other earnings of the sports facilities, if any, as the

same shall become due, offset the expense of operating and maintaining

the sports facility together with proper reserves for maintenance,

contingencies and all other obligations and indebtedness of the

authority;

18. To do all things necessary, convenient or desirable to carry out

its purposes and for the exercise of the powers granted in this title;

and

19. To insure or provide for the insurance of the authority's property

or operations.