§ 1689. Board of cooperative educational services school facilities.\n1. For all the purposes of this section sixteen hundred eighty-nine the\nterm "board of cooperative educational services school facilities" shall\nmean any interest in real property, any building, library, laboratory,\nclassroom, or other building or structure essential, necessary or useful\nin a career education or other program of any board of cooperative\neducational services.\n 2. a. The authority is hereby authorized and empowered upon\napplication of the board of cooperative educational services concerned\nto construct, acquire, reconstruct, rehabilitate and improve, and\nfurnish and equip or otherwise provide a board of cooperative\neducational services school facility. The board for whose students any\nsuch board of cooperative educational services school facility is\nintended to be provided shall approve plans and specifications and the\nlocation of such board of cooperative educational services facilities.\nThe authority shall have the same power and authority in respect to such\nboard of cooperative educational services school facilities erected\npursuant to this section that it has relative to dormitories.\n b. The authority shall have power to acquire, in the name of the\nauthority, on terms necessary or convenient by purchase, condemnation,\ngift or devise, real property, leasehold interest in real property or\nrights of easement in relation to the board of cooperative educational\nservices school facilities erected pursuant to this section.\n c. When authorized by the voters of the board of cooperative\neducational services, any board of cooperative educational services\nshall have power to convey to the authority real property, leasehold\ninterest in real property or rights of easement, the title of which is\nvested in the board, in relation to the board of cooperative educational\nservices school facilities to be erected pursuant to this section, and,\nwhen so authorized, any board of cooperative educational services shall\nhave power to enter into any lease or other agreement with the authority\nin connection with the provision of a board of cooperative educational\nservices school facility.\n d. The authority shall have power to accept gifts of real and personal\nproperty in the name of the authority for the purposes of this section.\n e. The authority may lease any such board of cooperative educational\nservices school facilities to the board for which such board of\ncooperative educational services school facilities are erected. At such\ntime as the liabilities of the authority incurred for any such board of\ncooperative educational services school facilities have been discharged\nand the bonds of the authority issued therefor have been paid or such\nliabilities and bonds have otherwise been discharged, the authority\nshall transfer title to all real and personal property of such board of\ncooperative educational services school facilities vested in the\nauthority to the board to which such board of cooperative educational\nservices school facilities are then leased, provided, however, that if\nat such time the board of cooperative educational services school\nfacilities are not located in any board or any successor thereto in the\nstate of New York, then such title shall vest in the people of the state\nof New York.\n f. Any lease of a board of cooperative educational services school\nfacility authorized by this section may contain provisions which shall\nbe a part of the contract with the holder of the bonds of the authority\nissued for such board of cooperative educational services school\nfacility, as to\n (1) pledging all or any part of the moneys, income or revenues of the\nlessee or other personal property of the lessee, to secure payments\nrequired under the terms of such lease;\n (2) the setting aside of reserves and the creation of special funds\nand the regulation and disposition thereof;\n (3) the procedure, if any,
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