* § 926. City of Syracuse industrial development agency. (a) For the
benefit of the city of Syracuse and the inhabitants thereof, an
industrial development agency, to be known as the CITY OF SYRACUSE
INDUSTRIAL DEVELOPMENT AGENCY, is hereby established for the
accomplishment of any or all of the purposes specified in title one of
article eighteen-A of this chapter. It shall constitute a body corporate
and politic, and be perpetual in duration. It shall consist of five
members who shall be appointed by the mayor of the city of Syracuse and
its chairman shall be designated by such mayor. It shall have the powers
and duties now or hereafter conferred by title one of article eighteen-A
of this chapter upon industrial development agencies. It shall organize
in a manner prescribed by and be subject to the provisions of title one
of article eighteen-A of this chapter. The agency, its members, officers
and employees, and its operations and activities shall in all respects
be governed by the provisions of title one of article eighteen-A of this
chapter.

(b) The city shall have the power to make, or contract to make grants
or loans, including but not limited to grants or loans of money, to the
agency in such amounts, upon such terms and conditions and for such
period or periods of time as in the judgment of the city and the agency
are necessary or appropriate for the accomplishment of any of the
purposes of the agency.

* NB Agency expires per §§ 856 and 882