§ 826 — Central New York Regional Market Authority

§ 826. Central New York Regional Market Authority. 1. There is hereby\ncreated and established a district to be known as the "central New York\nregional market district," hereinafter in this title referred to as "the\ndistrict," which shall embrace all the territory included within the\nfollowing named counties: Cayuga, Cortland, Madison, Oneida, Onondaga,\nOswego, that territory in Wayne county lying east of the new pre-emption\nline. For the accomplishment of the purposes hereinafter indicated\nrelative to that district there is hereby created and established a\npublic benefit corporation, to be known as "Central New York Regional\nMarket Authority," hereinafter in this title referred to as "the\nauthority." Such authority shall have perpetual existence and the power\nto acquire by the exercise of the right of eminent domain or otherwise\nsuch real estate within the district and other property as may be\nnecessary, to sue and be sued, to incur debts, liabilities and\nobligations, to issue bonds and other evidences of indebtedness, to have\na seal, and to exercise all powers authorized by this title and\nreasonably necessary for accomplishing its purposes, subject to the\nprovisions herein contained and the constitution and laws of the United\nStates and of New York state. Such powers shall be exercised in the name\nof the "Central New York Regional Market Authority."\n 2. In fulfilling the authority's mission, the board shall work\ncooperatively and in consultation with the department of agriculture and\nmarkets to ensure the proper development of agriculture and regional\nmarket facilities, in the central New York regional market district. The\nboard and the department of agriculture and markets, hereinafter in this\ntitle referred to as "the department," shall jointly develop a plan for\nthe future development and viability of agriculture and regional market\nfacilities in the district. Such plan shall include both short-term and\nlong-term goals and objectives as well as actual and projected revenues\nand expenditures. Such plan shall annually allocate no less than\nseventy-five percent of the authority's available funds for the\ncreation, development, and enhancement of agriculture and regional\nmarket facilities, in the district. For purposes of this subdivision,\navailable funds shall mean the net amount available after contractually\nobligated expenditures are subtracted from, but not be limited to, cash,\ncash equivalents, certificates of deposit, and other receivables\navailable. The board and department shall meet annually prior to the\nclose of the authority's fiscal year to evaluate the effectiveness of\nthe use of funds for that fiscal year, review the goals and objectives\nof the plan, and properly prepare for the allocation and use of such\nfunds for the next fiscal year. The plan shall be updated annually to\nmake appropriate modifications to such plan for the next fiscal year.\nPrior to any such funds being expended, both the board and the\ndepartment must approve such plan, its goals and objectives as well as\nthe projected revenues and proposed allocations.\n 3. The authority shall furnish an annual real estate report detailing\nall real estate holdings and detailed property information, including\nbut not limited to the tenants, important lease terms, rents, durations\nof leases, as well as copies of each lease. Notwithstanding any other\nprovision of law to the contrary, the authority shall furnish all\nrequired reports, audits, and reviews, including the annual real estate\nreport, to all parties enumerated in paragraph (a) of subdivision one of\nsection twenty-eight hundred of this chapter, to the department of\nagriculture and markets, as well as publish such report on its website\nwithin ninety days after the end of its fiscal year.\n