N.Y. Public Authorities Law § 2606: Legislative findings

§ 2606. Legislative findings. It is hereby found, determined and

declared that there is an immediate need to institute a comprehensive,

coordinated program of activities utilizing the olympic facilities in

and around Lake Placid, New York, in order to insure optimum year-round

use and enjoyment of these facilities to the economic and social benefit

of the olympic region and to minimize the financial burden on the state

and local governments in the maintenance and operation of these

facilities by means of maximizing revenue opportunities for their

support; and to take advantage of the opportunity to improve the

physical fitness and athletic and recreational education of the people

of this state and the United States by assisting in the use and

maintenance of these facilities. It is further declared to be desirable

to create a state olympic regional development authority to operate,

manage and maintain the olympic facilities, develop, implement and

supervise the professional management necessary for such a

comprehensive, coordinated program and for the management, promotion,

scheduling and conduct of an integrated, year-round program and a wide

range of national and international athletic training and competitive

opportunities and other activities which can effectively utilize the

available facilities. The authority shall carry out its purposes and

responsibilities and utilize the facilities through agreements with

state and local agencies which have jurisdiction over the various

olympic facilities in the olympic region. It is further declared to be

desirable that the authority develop, construct, operate, manage and

maintain facilities, or participate therein, for the training and

housing of amateur athletes in connection with the United States olympic

committee's training center program and the authority's conduct of

national and international sports events. It is further declared that

the authority shall be created as a public benefit corporation and that

the corporate programs and powers conferred under this title and the

expenditures of public moneys pursuant thereto are in furtherance of

serving a valid public interest and public purpose.