§ 1283. Purposes of the corporation. 1. The purposes of the
corporation shall be the planning, financing, construction, maintenance
and operation of sewage treatment works, sewage collecting systems, air
pollution control facilities, water management facilities, storm water
collecting systems, solid waste disposal facilities and state park
infrastructure projects, the construction on behalf of municipalities
and state agencies of sewage treatment works, sewage collecting systems,
air pollution control facilities, water management facilities, storm
water collecting systems and solid waste disposal facilities, the
financing, for or on behalf of persons, of sewage treatment works, air
pollution control facilities, water management facilities, and solid
waste disposal facilities and the making of loans which may, but need
not, be secured by mortgage, contracts and other instruments to persons
for the planning and construction of sewage treatment works, air
pollution control facilities, water management facilities and solid
waste disposal facilities and the assistance of municipalities, state
agencies and the state in the planning, financing, construction,
maintenance and operation of sewage treatment works, sewage collecting
systems, air pollution control facilities, water management facilities,
storm water collecting systems and solid waste disposal facilities, in
accordance with the provisions of this title. In addition, the purposes
of the corporation shall include financing the design, acquisition,
construction, improvement and installation of all or any portion of
Riverbank Park.

2. It is hereby found and declared that such purposes are in all
respects for the benefit of the people of the state of New York and the
corporation shall be regarded as performing an essential governmental
function in carrying out its purposes and in exercising the powers
granted by this title.