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Public Authorities: Limited Existence with Potential for Abuse
Public authorities are semi-independent organizations funded through bond sales and government support, designed to achieve specific goals, often functioning with secrecy similar to private corporations. Their limited-term nature means they should dissolve after fulfilling their purpose, transferring ownership of completed projects to the city. However, mechanisms exist within the legal framework that can enable misuse of power, as illustrated by the example of the Triborough Authority, which evolved into a self-governing entity under certain laws, facilitating abuse and manipulation of public resources. This dynamic, while historically rooted in England, manifested uniquely in America, where the operational challenges of existing authorities, like the Port Authority of New York and New Jersey, highlight potential systemic issues.