N.Y. Rapid Transit Law 92 – Approval of contracts to effectuate plans
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§ 92. Approval of contracts to effectuate plans. Anything contained in this article to the contrary notwithstanding, the commission shall not execute and deliver any plan, or any lease thereunder, without obtaining the consent and approval of the board of estimate.
Terms Used In N.Y. Rapid Transit Law 92
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC