Section 373. General powers and duties of fund

The fund shall have the
  following powers in addition to those specifically  conferred  elsewhere
  in this article:
    1. To sue and be sued;
    2. To have a seal and alter the same at pleasure;
    3.  To  make  and  alter  by-laws  for  its  organization and internal
  management;
    4. With the approval of the comptroller,  to  prescribe  a  system  of
  accounts;
    5.  To  make  rules  and  regulations  governing  the  exercise of its
  corporate powers and the fulfillment of  its  corporate  purposes  under
  this  article,  which  rules  and  regulations  shall  be filed with the
  secretary of state in the manner provided by section one hundred two  of
  the executive law;
    6.  To  accept  jurisdiction  over  and  to  hold, use and improve, in
  accordance with such terms and conditions as  the  fund  and  the  state
  university  shall  determine,  any  or all real property acquired by the
  state university trustees in the name of the state for state  university
  purposes,  together with such rights and privileges as may be incidental
  and appurtenant thereto;
    7. To purchase, receive, lease or otherwise acquire in accordance with
  the requirements of article eleven of the  state  finance  law  personal
  property  necessary  and convenient for its corporate purposes, provided
  that  such  personal  property  shall  not  be  construed   to   include
  furnishings and equipment for completed facilities;
    8.  To  design,  construct,  acquire,  reconstruct,  rehabilitate  and
  improve academic buildings, dormitories and  other  facilities  for  the
  state  university in accordance with sections three hundred seventy-five
  and three hundred seventy-six of this chapter;
    9.  In  connection  with  such  design,   construction,   acquisition,
  reconstruction,  rehabilitation and improvement, (i) to install or cause
  to be installed water, sewer, gas, electrical, telephone,  heating,  air
  conditioning   and   other   utility   services,  including  appropriate
  connections, (ii) to construct or  cause  to  be  constructed  walkways,
  roadways and other improvements on adjacent real property made available
  by  the  state university, and (iii) to landscape adjacent real property
  or cause the same to be landscaped;
    10. To maintain, repair and keep up the real property held by  it  and
  the  facilities  constructed,  acquired, reconstructed, rehabilitated or
  improved pursuant to  this  article  until  responsibility  therefor  is
  transferred  to  the  state  university in accordance with section three
  hundred seventy-nine of this chapter;
    11. Subject to the terms of any lease or agreement with third parties,
  with  respect  to  approved  university-related   economic   development
  facilities  or approved university related economic development projects
  to develop, manage, operate, and/or lease, solely or in cooperation with
  one or more entities or individuals, or to surrender to the  appropriate
  state  official,  for  other  public  use  or  for  sale, lease or other
  disposition in accordance with law, real property made available to  the
  fund  for  its  corporate  purposes by the state university whenever the
  state  university  trustees  determine  that  such  real   property   is
  unnecessary  for  present  or  foreseeable  future  needs  of  the state
  university;
    12. To make and execute contracts, lease  agreements,  and  all  other
  instruments  necessary  or  convenient for the exercise of its corporate
  powers and the fulfillment of its corporate purposes under this article;
    13. To procure insurance against  any  loss  in  connection  with  any
  facility leased to the fund under section three hundred seventy-eight of

  this  chapter,  in  such  amounts,  and  from such insurers, as it deems
  desirable;
    14.  To act as agent for, or to assist generally, the attorney general
  and the state commissioner of transportation  in  making  land  surveys,
  topographical  surveys  and valuation appraisals of real property sought
  to be acquired by the state university trustees;
    15.   To   engage   the   services   of   construction,   engineering,
  architectural,   legal   and   financial   consultants,   surveyors  and
  appraisers, on a  contract  basis  or  as  employees,  for  professional
  service and technical assistance and advice; and
    16.  To do any and all things necessary or convenient to carry out its
  corporate purposes and exercise the powers given and granted  to  it  in
  this article.
    * 17.  To  construct,  design/build  (using  a  competitive  selection
  process with due consideration of cost), develop, manage,  lease  and/or
  operate  real property and facilities made available to the fund for its
  corporate purposes by the state university related to academic incubator
  facilities and a pharmaceutical research, development,  which  may  also
  include  a  manufacturing  facility  located at the state university New
  York college of technology at Farmingdale.
    * NB There are 2 sub 17's
    * 17. To construct, design/build, develop, manage and/or operate  real
  property  and  facilities  made  available to the fund for its corporate
  purposes by the state  university  related  to  academic  incubator  and
  approved university-related economic development facilities;
    * NB There are 2 sub 17's
    * 18.  To  receive or acquire by gift, purchase or otherwise, real and
  personal property, or services or other aid, including any reimbursement
  allowance offered or made available by any person, government agency  or
  corporation,  including,  but  not  limited  to, any foundation or other
  not-for-profit entity and to receive and  use  money  from  any  source,
  including,  but  not  limited to the dormitory authority of the state of
  New York, or any other private or public source for the site acquisition
  and construction of a pharmaceutical research,  development,  which  may
  also  include  a  manufacturing  facility at the state university of New
  York college of technology at Farmingdale.
    * NB There are 2 sub 18's
    * 18. With respect to approved university-related economic development
  facilities, to act as agent for, and execute the powers of, a foundation
  or other not-for-profit entity created by or for the  state  university;
  and
    * NB There are 2 sub 18's
    19.  To  receive  or  acquire by gift, purchase or otherwise, real and
  personal property, or services or other aid, including any reimbursement
  allowance offered or made available by any person, government agency  or
  corporation,  including,  but  not  limited  to, any foundation or other
  not-for-profit entity and to receive and  use  money  from  any  source,
  including,  but  not  limited to the dormitory authority of the state of
  New York, or any other private or public source for the site acquisition
  and construction of  approved  university-related  economic  development
  facilities  as  set forth in section three hundred seventy-two-a of this
  article.