Section 1283. Purposes of the corporation

1.  The  purposes  of  the
  corporation shall be the planning, financing, construction,  maintenance
  and  operation of sewage treatment works, sewage collecting systems, air
  pollution control facilities, water management facilities,  storm  water
  collecting  systems,  solid  waste  disposal  facilities  and state park
  infrastructure projects, the construction on  behalf  of  municipalities
  and state agencies of sewage treatment works, sewage collecting systems,
  air  pollution  control  facilities,  water management facilities, storm
  water collecting  systems  and  solid  waste  disposal  facilities,  the
  financing,  for  or on behalf of persons, of sewage treatment works, air
  pollution control facilities, water  management  facilities,  and  solid
  waste  disposal  facilities  and the making of loans which may, but need
  not, be secured by mortgage, contracts and other instruments to  persons
  for  the  planning  and  construction  of  sewage  treatment  works, air
  pollution control facilities,  water  management  facilities  and  solid
  waste  disposal  facilities  and the assistance of municipalities, state
  agencies  and  the  state  in  the  planning,  financing,  construction,
  maintenance  and  operation of sewage treatment works, sewage collecting
  systems, air pollution control facilities, water management  facilities,
  storm  water  collecting systems and solid waste disposal facilities, in
  accordance with the provisions of this title. In addition, the  purposes
  of  the  corporation  shall  include  financing the design, acquisition,
  construction, improvement and installation of  all  or  any  portion  of
  Riverbank Park.
    2.  It  is  hereby  found  and  declared that such purposes are in all
  respects for the benefit of the people of the state of New York and  the
  corporation  shall  be  regarded as performing an essential governmental
  function in carrying out its  purposes  and  in  exercising  the  powers
  granted by this title.