Terms Used In New York Laws > General Municipal > Article 5-E - Drainage

• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Board of directors: means the board of directors of a municipal assistance corporation. See N.Y. Public Authorities Law 3003
• City: means the city of New York. See N.Y. Public Authorities Law 3032
• City budget director: means the director of management and budget of the city of New York. See N.Y. Public Authorities Law 3032
• City comptroller: means the comptroller of the city of New York. See N.Y. Public Authorities Law 3032
• Comptroller: means the comptroller of the state of New York. See N.Y. Public Authorities Law 3003
• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Corporation: means the corporate governmental agency created by section three thousand thirty-three of this chapter. See N.Y. Public Authorities Law 3032
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Governor: means the governor of the state of New York. See N.Y. Public Authorities Law 3003
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Legislature: means the legislature of the state of New York. See N.Y. Public Authorities Law 3003
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Mayor: means the mayor of the city of New York. See N.Y. Public Authorities Law 3032
• notes: means bonds and notes, respectively, issued by a municipal assistance corporation pursuant to this article. See N.Y. Public Authorities Law 3003
• Obligations: means bonds and notes. See N.Y. Public Authorities Law 3003
• public corporation: as used in this article shall mean a public corporation as defined in the general corporations law. See N.Y. General Municipal Law 119-C
• Short-term obligations: means tax anticipation notes, revenue anticipation notes, bond anticipation notes, budget notes and urban renewal notes. See N.Y. Public Authorities Law 3032
• State: means the state of New York. See N.Y. Public Authorities Law 3003