Section 1020-C. Long Island power authority; creation

1. For the purpose
  of effectuating the policy declared in section one thousand twenty-a  of
  this   title,   there   is   hereby   created   a   corporate  municipal
  instrumentality of the state to be  known  as  the  "Long  Island  power
  authority",  which shall be a body corporate and politic and a political
  subdivision of the state, exercising essential governmental  and  public
  powers.
    2. The area of operations of the authority shall be the service area.
    3. The authority is not created or organized, and its operations shall
  not  be  conducted,  for  the purpose of making a profit. No part of the
  revenues or assets of the authority shall inure to the benefit of or  be
  distributable  to its trustees or officers or any other private persons,
  except as herein provided for actual services rendered.
    * NB There are 2 § 1020-c's