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This entry was published on 2014-09-22
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SECTION 1856
Acquisition of real property
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 9
§ 1856. Acquisition of real property. 1. Upon determination by the
authority that any real property is necessary for its corporate
purposes, the commissioner shall, if so requested by the authority,
acquire the same in the name of the state by dedication, by agreement,
by condemnation pursuant to the condemnation law, or by appropriation in
the manner provided by section thirty of the highway law, and payment
therefor shall be made by the authority from the proceeds of sale of its
bonds, notes or other obligations, or from other available moneys
therefor. The authority shall hold such property in the name of the
state and shall have the right to possess and use for its corporate
purposes, so long as its corporate existence shall continue, all such
real property and rights in real property so acquired.

2. At any time after this title shall become effective, the authority
may, by resolution, assume jurisdiction over and hold in the name of the
state all or any part of the real property acquired and held in the name
of the state by the state office of atomic development. Upon the
effective date of such resolution, the authority shall hold any such
real property in the name of the state and shall have the right to
possess and use for its corporate purposes, so long as its corporate
existence shall continue, any such real property.