§ 384. Additional powers of the authority to undertake and finance\ncertain transportation projects. 1. (a) The authority is hereby\nauthorized and directed, as an additional corporate purpose thereof, to\nenter into contracts or agreements with any private person or\ncorporation or with the state or local governments or with other public\ncorporations to finance, construct, reconstruct, improve or develop the\nfollowing transportation projects subject to the limitations prescribed\nby this section: (i) the projects, or portions thereof, known as the\ninner harbor project and the intermodal transportation project located\nin Onondaga county, including but not limited to, the consolidation of\nthe Syracuse canal terminal and the planning, design and construction of\nan intermodal transportation facility, provided, however, that prior to\nproceeding with the inner harbor project, the authority and the city of\nSyracuse shall enter into a memorandum of understanding regarding the\nundertaking of such project; (ii) the project, or portions thereof,\nknown as the horizons waterfront development project generally located\nin and around Erie county, and the New York state canal system generally\nlocated along the Erie canal in Erie and Niagara counties; and (iii) the\nproject, or portions thereof, known as the Stewart airport access\nproject located in Orange county to provide direct access to Stewart\ninternational airport from interstate eighty-four in the vicinity of the\nairport. Notwithstanding the provisions of article VI-A and section one\nhundred thirty-eight-c of the canal law and paragraph (m) of subdivision\nseven of section three hundred eighty-two of this chapter, the New York\nstate thruway authority, or the subsidiary corporation thereof, is\nauthorized to enter into an agreement with the city of Syracuse for the\nleasing of the land comprising the inner harbor project in Onondaga\ncounty. Any projects for the construction, reconstruction or improvement\nof property or structures undertaken pursuant to this section shall be\nin full compliance with title thirteen of article twenty-seven of the\nenvironmental conservation law and shall be deemed public works for the\npurposes of section two hundred twenty of the labor law and section one\nhundred three of the general municipal law, except that any contracts\nlet by the authority for the construction, reconstruction or improvement\nof such projects shall be subject to section three hundred fifty-nine of\nthis title. For the purposes of article fifteen-A of the executive law\nonly, the authority shall be deemed a state agency as that term is used\nin such article and its contracts for such projects as provided in this\narticle shall be deemed state contracts within the meaning set forth in\nsuch article.\n (b) The authority is hereby authorized, as an additional corporate\npurpose thereof, to issue its bonds, notes and other obligations in\nconformity with applicable provisions of the uniform commercial code in\na principal amount necessary to achieve purposes enumerated in paragraph\n(a) of this subdivision, including a principal amount necessary to\nprovide capitalized interest for a period not to exceed six months\nsubject to the limitations in subdivision three of this section. In\ncomputing the total principal amount of bonds, notes and other\nobligations that may at any time be issued for any purpose under this\nsection, the amount of the outstanding bonds or notes that constitutes\ninterest under the United States internal revenue code of nineteen\nhundred eighty-six, as amended to the effective date of this section,\nshall be excluded.\n 2. All of the provisions of this title, which are not inconsistent\nwith the provisions of this section, shall apply to the projects and\nobligations authorized by this section, including but not limited to the\npower to issue renewal notes or refunding bonds.\n 3. The authority shall make available a total amount of moneys not
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