Section 1855. General powers of the authority

Subject  to  the other
  provisions of this  title  and  the  provisions  of  any  contract  with
  bondholders  or  noteholders,  the  authority  shall  have the following
  powers in  addition  to  any  powers  specifically  conferred  upon  the
  authority elsewhere in this title:
    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. To make  rules  and  regulations  governing  the  exercise  of  its
  corporate  powers  and  the  fulfillment of its corporate purposes under
  this title, which shall be filed with the department  of  state  in  the
  manner provided by section one hundred two of the executive law.
    5.  To  purchase,  receive, lease or otherwise acquire, to hold in the
  name of the state or otherwise, and to sell,  convey,  mortgage,  lease,
  pledge  or  otherwise  dispose of, upon such terms and conditions as the
  authority may deem advisable, real and personal property, together  with
  such  rights and privileges as may be incidental and appurtenant thereto
  and to the use  thereof,  including  but  not  restricted  to  any  real
  property acquired or held by the authority pursuant to the provisions of
  section  eighteen  hundred  fifty-six  of  this  title  and  any real or
  personal property acquired by  the  authority  in  the  satisfaction  of
  obligations contained in contracts, leases or other arrangements.
    6. To enter into contracts, leases or other arrangements providing for
  the establishment, operation, development and management of any property
  or facility under the jurisdiction of the authority.
    7.  To  enter  into contracts, leases or other arrangements permitting
  any person to use any property or facility under the jurisdiction of the
  authority;  permitting  such  person  to  build  or  add  facilities  or
  improvements  upon  such  property  or  facility;  and providing, at the
  discretion of the authority, for the acquisition by the authority of any
  such facilities or improvements built or added by such person, upon such
  terms and conditions as the authority may deem advisable.
    8. To sell or otherwise make available, upon such terms and conditions
  as the authority may deem advisable, any product, by-product or  service
  produced in or provided by any facility under its jurisdiction.
    9.  To  fix  and  collect fees, rentals and charges for the use of any
  property or facility under its jurisdiction, or  for  the  sale  of  any
  product,  by-product  or  service  produced  in  or provided by any such
  facility, and to  establish  the  rights  and  privileges  created  upon
  payment  thereof. Such fees, rentals and charges shall be established by
  the authority so as to  produce,  in  the  judgment  of  the  authority,
  revenues  sufficient,  together  with  any  other funds available to the
  authority, to meet the expenses of  maintenance  and  operation  of  the
  facilities of the authority, to repay any moneys repayable to the state,
  to  fulfill the terms of agreements with the holders of its bonds, notes
  or other obligations, and to provide  funds  for  such  other  corporate
  purposes as the authority may deem appropriate.
    10.  To  enter  into  any  contracts  and  to  execute all instruments
  necessary or convenient for the exercise of its corporate powers and the
  fulfillment of its corporate purposes under this title.
    11. To borrow money and to issue bonds, notes or other obligations and
  to provide for the rights of the holders thereof.
    12. To enter into agreements to pay annual sums in lieu  of  taxes  to
  any  municipality or taxing district of the state in respect of any real
  property which is owned by the authority, leased by the authority  to  a
  person  and  located  in such municipality or taxing district, provided,
  however, that the amount so paid for any year  upon  any  such  property

  shall  not  exceed  the  sum last paid as taxes on such property to such
  municipality or taxing district prior to the time of its acquisition  by
  the authority.
    13.  To  procure insurance, or obtain indemnification from the federal
  government or other persons, against any loss  in  connection  with  the
  assets  of  the  authority  and  any  liability  in  connection with the
  activities of the authority, such insurance  or  indemnification  to  be
  procured  or  obtained  in  such  amounts, and from such sources, as the
  authority deems to be appropriate.
    14. To accept any gifts or grants or loans of  funds  or  property  or
  financial  or  other  aid in any form from the federal government or any
  agency or instrumentality thereof or from the state or  from  any  other
  source  and to comply, subject to the provisions of this title, with the
  terms and conditions thereof.
    15. To enter into any lands, waters or premises  for  the  purpose  of
  making  borings, soundings, surveys or other investigations necessary to
  the purposes of the authority or to public health and safety.
    16. To engage  the  services  of  bond  counsel,  financial  advisors,
  accountants,  engineers,  attorneys  and  other private consultants on a
  contract basis for rendering professional and technical  assistance  and
  advice.
    17.  To  do  all  things  necessary  or  convenient  to  carry out its
  corporate purposes and exercise the powers given  and  granted  by  this
  title.