* § 1020-f. General powers of the authority. Except as otherwise\nlimited by this title, the authority shall have all of the powers\nnecessary or convenient to carry out the purposes and provisions of this\ntitle, including without limiting the generality of the foregoing, the\npower:\n (a) To sue and be sued in all courts and to participate in actions and\nproceedings, whether judicial, administrative, arbitrative or otherwise;\n (b) To have a corporate seal, and to alter such seal at pleasure, and\nto use it by causing it or a facsimile to be affixed or impressed or\nreproduced in any other manner;\n (c) To appoint officers, agents and employees, without regard to any\npersonnel or civil service law, rule or regulation of the state and in\naccordance with guidelines adopted by the authority, prescribe their\nduties and qualifications and fix and pay their compensation. By January\nfirst, two thousand fourteen, the authority, through its governance\ncommittee, shall amend such guidelines to require that staffing at the\nauthority is kept at levels only necessary to ensure that the authority\nis able to meet obligations with respect to its bonds and notes and all\napplicable statutes and contracts, and oversee the activities of the\nservice provider;\n (d) To purchase, receive, take by grant, gift, devise, bequest or\notherwise, lease, or otherwise acquire, own, hold, improve, employ, use\nand otherwise deal in and with, real or personal property whether\ntangible or intangible, or any interest therein, within the state;\n (e) To acquire real or personal property, whether tangible or\nintangible, including without limitation property rights, interests in\nproperty, franchises, obligations, contracts, and debt and equity\nsecurities, by the exercise of the power of eminent domain; provided,\nhowever, that any real property acquired by the exercise of the power of\neminent domain must be located within the service area;\n (f) To sell, convey, lease, exchange, transfer, abandon or otherwise\ndispose of, or mortgage, pledge or create a security interest in, all or\nany of its assets, properties or any interest therein, wherever\nsituated;\n (g) To purchase, take, receive, subscribe for, or otherwise acquire,\nhold, make a tender offer for, vote, employ, sell, lend, lease,\nexchange, transfer, or otherwise dispose of, mortgage, pledge or grant a\nsecurity interest in, use and otherwise deal in and with, bonds and\nother obligations, shares or other securities (or interests therein)\nissued by others, whether engaged in a similar or different business or\nactivity;\n (h) To make and execute agreements, contracts and other instruments\nnecessary or convenient in the exercise of the powers and functions of\nthe authority under this title, including contracts with any person,\nfirm, corporation, municipality, state agency or other entity in\naccordance with the provisions of section one hundred three of the\ngeneral municipal law, and all state agencies and all municipalities are\nhereby authorized to enter into and do all things necessary to perform\nany such agreement, contract or other instrument with the authority;\n (i) To borrow money at such rate or rates of interest as the authority\nmay determine, issue its notes, bonds or other obligations to evidence\nsuch indebtedness, and secure any of its obligations by mortgage or\npledge of all or any of its property or any interest therein, wherever\nsituated;\n (j) To arrange for guarantees of its bonds, notes or other obligations\nby the federal government or by any private insurer or otherwise, and to\npay any premiums therefor;\n (k) To issue such bonds or notes or other obligations whether or not\nthe income therefrom is exempt from federal income taxation;\n (l) To purchase bonds, notes or other obligations of the authority at\nsuch price or prices as the authority may determine;\n (m) To lend money, invest and reinvest its funds, and take and hold\nreal and personal
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