New York Laws
Title 33 - New York City Transitional Finance Authority
2799-DD - Administration of the Authority.

§ 2799-dd. Administration of the authority. 1. The authority shall be
administered by five directors, consisting of the director of management
and budget, the commissioner of finance of the city, the commissioner of
the department of design and construction of the city, the comptroller
and the speaker of the council.

2. The director of management and budget shall serve as chairperson of
the authority. The chairperson or his or her alternate shall preside
over all meetings of the directors and shall have such other duties as
may be fixed by the directors.

3. Notwithstanding any inconsistent provision of any general, special
or local law, ordinance, resolution or charter, no officer, member or
employee of the state of New York, any city, county, town or village,
any governmental entity operating any public school or college, any
school district or any other public agency or instrumentality which
exercises governmental powers under the laws of the state, shall forfeit
his or her office or employment by reason of his or her acceptance of
appointment as a director, officer or employee of the authority, nor
shall service as such director, officer or employee of the authority be
deemed incompatible or in conflict with such office or employment.

4. Three directors shall constitute a quorum for the transaction of
any business or the exercise of any power of the authority. No action
shall be taken by the authority except pursuant to a favorable vote of
at least three directors present at a meeting at which such action is
taken. Any director may, by written instrument, filed with and approved
as to form by the authority, designate an alternate or alternates to
perform, in the absence of such director, his or her duties unde this
title. The term "director" as used in this title shall include such
alternates, except that no alternate may designate an alternate pursuant
to this subdivision. The designation of such alternates shall be deemed
temporary only and shall not affect the civil service or retirement
rights of any persons so designated.

5. The authority shall appoint a treasurer and may appoint officers
and agents as it may require and prescribe their duties.