Legislation

§ 1206-a. Transit construction fund. In addition to the powers
provided elsewhere in this title, and to effectuate the purposes of the
transit construction fund act, constituting title nine-a of article five
of this chapter, the authority or any subsidiary may: (a) acquire and
use any transit facility in accordance with the terms and conditions of
any sublease or other agreement with the transit construction fund; (b)
authorize the use by the transit construction fund, either with or
without compensation to the authority, of the agents, employees and
facilities of the authority; (c) make and execute contracts, leases,
subleases and all other instruments or agreements deemed necessary or
convenient including agreements with the metropolitan transportation
authority and the transit construction fund; and (d) do any and all
other things deemed necessary or convenient.