N.Y. Public Authorities Law § 2633: Purposes and powers of the commission

§ 2633. Purposes and powers of the commission. The purposes of the

commission shall be to undertake the necessary administrative and

development activities in furtherance of the management plan; and to

carry out the aforesaid purposes, the commission shall have the

following powers:

1. To sue and be sued;

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

3. To acquire, hold and dispose of personal property for its corporate

purposes;

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

otherwise and to use, real property or rights or easements therein

necessary for its corporate purposes subject to the local zoning,

planning and historic preservation regulations as well as regional and

local comprehensive land use plans, and to sell, convey, mortgage,

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

such manner as the commission shall determine;

5. To make by-laws for the management and regulation of its affairs

and, subject to agreements with its bondholders, for the regulation of

the use of a project or projects;

6. With the consent of the state or municipality, to use agents,

employees and facilities of the state or municipality;

7. To appoint officers, agents and employees, to prescribe their

qualifications and to fix their compensation and to pay the same out of

funds of the commission;

8. To make contracts and leases, and to execute all instruments

necessary or convenient to or with any person, firm, partnership or

corporation, either public or private;

9. To acquire, construct, reconstruct, lease, improve, maintain, equip

or furnish one or more projects;

10. To administer a preservation revolving fund, including provision

for grants and loans therefrom with funds for such purpose from state,

municipal, and/or private sources for the preservation of historic

properties to private property owners for preservation projects in

furtherance of the public interest in preservation as declared in

section 14.01 of the parks, recreation and historic preservation law;

11. To accept gifts, grants, loans, or contributions from, and enter

into contracts or other transactions with, the United States and the

state or any commission of either of them, any municipality, any public

or private corporation or any other legal entity, and to use any such

gifts, grants, loans or contributions for any of its corporate purposes;

12. 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

commission may deem desirable;

13. To designate the depositories of its money;

13-a. To make amendments to the Hudson-Mohawk urban cultural park

management plan, in lieu of the appropriate local legislative bodies,

subject to the approval of the commissioner of parks, recreation and

historic preservation pursuant to the provisions of section 35.05 of the

parks, recreation and historic preservation law;

14. To establish and re-establish its fiscal year; and

15. To do all things necessary or convenient to carry out its purposes

and exercise the powers expressly given in this title.