N.Y. Public Authorities Law § 3953: Administration of the authority

§ 3953. Administration of the authority. 1. The authority shall be

administered by seven directors appointed by the governor. Of the seven

directors, one each shall be appointed on the written recommendation of

the temporary president of the state senate, the speaker of the state

assembly and the state comptroller, respectively. One member appointed

directly by the governor and the members appointed on the recommendation

of the temporary president of the state senate, the recommendation of

the speaker of the state assembly and the recommendation of the state

comptroller shall be residents of the county. Each director shall be

appointed for a term of four years, provided however, that two of the

directors first appointed by the governor shall serve for a term ending

December thirty-first, two thousand nine, and the remaining five

directors first appointed shall serve for the following terms: the

directors appointed on recommendation of the temporary president of the

state senate, the speaker of the state assembly and the state

comptroller shall serve for a term ending December thirty-first, two

thousand ten and the two remaining directors first appointed directly by

the governor shall serve for a term ending on December thirty-first, two

thousand eleven. Each director shall hold office until his or her

successor has been appointed and qualified. Thereafter each director

shall serve a term of four years, except that any director appointed to

fill a vacancy shall serve only until the expiration of his or her

predecessor's term.

2. The governor shall designate a chairperson and a vice-chairperson

from among the directors. The chairperson shall preside over all

meetings of the directors and shall have such other duties as the

directors may prescribe. The vice-chairperson shall preside over all

meetings of the directors in the absence of the chairperson and shall

have such other duties as the directors may prescribe.

3. The directors of the authority shall serve without salary, but each

director shall be reimbursed for actual and necessary expenses incurred

in the performance of such director's official duties as a director of

the authority.

4. Notwithstanding any inconsistent provision of any general, special

or local law, ordinance, resolution or charter, no officer, member or

employee of the state, any city, county, town or village, any

governmental entity operating any public school or college, any school

district or any other public agency or instrumentality which exercises

governmental powers under the laws of the state, shall forfeit his or

her office or employment by reason of his or her acceptance of

appointment as a director, officer or employee of the authority; nor

shall service as such director, officer or employee of the authority be

deemed incompatible or in conflict with such office or employment.

5. Four directors shall constitute a quorum for the transaction of any

business or the exercise of any power of the authority. No action shall

be taken by the authority except pursuant to a favorable vote of at

least four directors participating in a meeting at which such action is

taken.

6. The authority shall appoint a treasurer and may appoint officers

and agents as it may require and prescribe their duties.

7. At least annually, commencing no more than one year after the date

on which authority bonds, notes or other obligations are first issued,

the authority shall report to the county executive, legislature,

comptroller, the director of the budget, the chair of the state senate

finance committee, the chair of the state assembly ways and means

committee and the state comptroller on the amount of financing and the

cost savings for the county over the past year.