Section 331. Powers

The fund shall have power:
    1. To sue and be sued.
    2. To have a seal and alter the same at pleasure.
    3. To acquire, hold and dispose of personal property for its corporate
  purposes.
    4. To make by-laws for the management and regulation of its affairs.
    5.  To  invest  or to authorize the comptroller to invest on behalf of
  the fund any moneys of the fund pursuant to the  provisions  of  section
  ninety-eight-a  of  the state finance law, and all interest earned shall
  be  credited  to  each  account  authorized  by  section  three  hundred
  thirty-two of this chapter pursuant to resolution.