Section 1383-A. Sale or lease of industrial projects

Notwithstanding the
  provisions of  any  general,  special  or  local  law,  subject  to  any
  agreement  with  noteholders  or  bondholders, the authority may sell or
  lease any industrial project, without public bidding or public sale, for
  such price or rental and upon such terms as may be agreed  upon  between
  the authority and such purchaser or lessee, either prior to, at the date
  of,  or  subsequent  to  the completion of the industrial project by the
  authority, provided, however, that in the case  of  a  lease,  the  term
  thereof  shall  not exceed thirty years. Where such contract for sale or
  lease is entered into after the commencement of construction  and  prior
  to  the physical completion of the improvement to be conveyed or leased,
  the authority may complete the  construction  and  development  of  such
  improvement prior to the actual conveyance or lease.