§ 826. Central New York Regional Market Authority. 1. There is hereby
created and established a district to be known as the "central New York
regional market district," hereinafter in this title referred to as "the
district," which shall embrace all the territory included within the
following named counties: Cayuga, Cortland, Madison, Oneida, Onondaga,
Oswego, that territory in Wayne county lying east of the new pre-emption
line. For the accomplishment of the purposes hereinafter indicated
relative to that district there is hereby created and established a
public benefit corporation, to be known as "Central New York Regional
Market Authority," hereinafter in this title referred to as "the
authority." Such authority shall have perpetual existence and the power
to acquire by the exercise of the right of eminent domain or otherwise
such real estate within the district and other property as may be
necessary, to sue and be sued, to incur debts, liabilities and
obligations, to issue bonds and other evidences of indebtedness, to have
a seal, and to exercise all powers authorized by this title and
reasonably necessary for accomplishing its purposes, subject to the
provisions herein contained and the constitution and laws of the United
States and of New York state. Such powers shall be exercised in the name
of the "Central New York Regional Market Authority."

2. In fulfilling the authority's mission, the board shall work
cooperatively and in consultation with the department of agriculture and
markets to ensure the proper development of agriculture and regional
market facilities, in the central New York regional market district. The
board and the department of agriculture and markets, hereinafter in this
title referred to as "the department," shall jointly develop a plan for
the future development and viability of agriculture and regional market
facilities in the district. Such plan shall include both short-term and
long-term goals and objectives as well as actual and projected revenues
and expenditures. Such plan shall annually allocate no less than
seventy-five percent of the authority's available funds for the
creation, development, and enhancement of agriculture and regional
market facilities, in the district. For purposes of this subdivision,
available funds shall mean the net amount available after contractually
obligated expenditures are subtracted from, but not be limited to, cash,
cash equivalents, certificates of deposit, and other receivables
available. The board and department shall meet annually prior to the
close of the authority's fiscal year to evaluate the effectiveness of
the use of funds for that fiscal year, review the goals and objectives
of the plan, and properly prepare for the allocation and use of such
funds for the next fiscal year. The plan shall be updated annually to
make appropriate modifications to such plan for the next fiscal year.
Prior to any such funds being expended, both the board and the
department must approve such plan, its goals and objectives as well as
the projected revenues and proposed allocations.

3. The authority shall furnish an annual real estate report detailing
all real estate holdings and detailed property information, including
but not limited to the tenants, important lease terms, rents, durations
of leases, as well as copies of each lease. Notwithstanding any other
provision of law to the contrary, the authority shall furnish all
required reports, audits, and reviews, including the annual real estate
report, to all parties enumerated in paragraph (a) of subdivision one of
section twenty-eight hundred of this chapter, to the department of
agriculture and markets, as well as publish such report on its website
within ninety days after the end of its fiscal year.