Section 2311. Compensation, procurement and investment

1. The compensation
  of an officer or full-time employee of the authority (but not  including
  part-time employees or consultants, including accountants, attorneys and
  bond  counsel  to the authority) shall not be contingent on the granting
  of financial assistance by the authority.
    2. The provisions  of  section  one  hundred  four-b  of  the  general
  municipal  law  shall  be  applicable  to  the  procurement of goods and
  services paid for by the authority for its own use and account.
    3. The provisions of sections ten and eleven of the general  municipal
  law  shall  be  applicable  to  deposits and investments of funds for an
  agency's own use and account.