New York Public Authorities Code § 2799-HHH

Special powers of the authority
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§ 2799-hhh. Special powers of the authority. In order to effectuate\nthe purpose of this title:\n  1. The authority may enter into any joint service arrangements as\nprovided in this section.\n  2. The authority may, establish, construct, effectuate, operate,\nmanage, maintain, renovate, improve, extend or repair any aviation\nfacilities or pollution control facilities, or may provide for such\nestablishment, construction, effectuation, operation, management,\nmaintenance, renovation, improvement, extension or repair by contract,\nlease, or other arrangement with the federal government, any state or\nagency or instrumentality thereof, or any person or public corporation.\nIn connection with the operation of any such facilities, the authority\nmay establish, construct, effectuate, operate, manage, maintain,\nrenovate, improve, extend or repair or may provide by contract, lease or\nother arrangement for the establishment, construction, effectuation,\noperation, management, maintenance, renovation, improvement, extension\nor repair of any related services and activities.\n  3. The authority may establish, fix, revise, levy and collect or cause\nto be established, fixed, revised, levied and collected and, in the case\nof a joint service arrangement, join with others in the establishment,\nfixing, revision, levy and collection of such fares, rentals, rates,\ncharges, landing and field use fees, concession fees and other fees for\nthe use and operation of any real property, aviation facilities,\npollution control facilities, facility and related services operated or\nmanaged by the authority or under contract, lease or other arrangement,\nincluding joint service arrangements, with the authority. Such fares,\nrentals, rates, charges, landing and field use fees, concession fees or\nother fees shall be at least sufficient at all times in the judgment of\nthe authority to establish and maintain the combined operations of the\nauthority on a self-sustaining basis. Such operations shall be deemed to\nbe on a self-sustaining basis as required by this title, when the\nauthority is able to pay or fund or cause to be paid or funded from\nrevenues and any other funds actually available to the authority:\n  (a) the principal of, premium, if any, and the interest on the\noutstanding bonds of the authority as the same shall become due and\npayable and any capital or debt service reserve therefor and, to the\nextent required by any agreement between the city and the authority, the\nprincipal of and interest on any general obligation bonds, notes or\nother evidence of indebtedness of the city issued for or allocable to\nany project of the authority as the same shall become due and payable\nand any reserves therefor;\n  (b) the cost of administering, maintaining, repairing and operating\nany project of the authority;\n  (c) the cost of constructing capital improvements thereto pursuant to\nany agreement between the city and the authority;\n  (d) any liabilities incurred for or allocable to any project of the\nauthority including any liabilities of the city assumed by the authority\npursuant to any agreement between the city and the authority, as the\nsame become due and payable;\n  (e) any requirements of any agreement including those relating to the\nestablishment of reserves for renewal and replacement and for\nuncollected fares, rentals, rates, charges and fees and covenants\nrespecting rates and debt service and earnings coverage ratios;\n  (f) all other reasonable and necessary expenses of the authority; and\n  (g) the cost of such additional projects as may be now or hereafter\nauthorized by law and agreed to by the authority.\n  4. The authority may establish and, in the case of joint service\narrangements, join with others in the establishment of such schedules\nand standards of operations and such other rules and regulations\nincluding but not limited to rules and regulations governing the\nconduct, safety and security of the public as it m

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