Terms Used In New York Laws > Economic Development Law > Article 13 - Industrial Infrastructure Development Program

• 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.
• Industrial facility: shall mean any type of facility to be used or occupied by any person in an enterprise deemed to offer a reasonable likelihood for promoting the creation or retention of job opportunities in the state and includes, but is not limited to, industrial or manufacturing plants, facilities for research and development purposes, facilities for conducting wholesale, receiving and distributing operations, facilities for conducting office operations, warehousing operations, agricultural operations, or any other operation dealing in the exchange of goods, wares, services or other types of property of any type or description. See N.Y. Economic Development Law Law 250
• Industrial infrastructure development project: shall mean a project for the design, acquisition of property, construction and/or reconstruction in connection with storm and sanitary sewers, electric and gas service distribution lines, water supply systems, drainage systems and site clearance, preparation, improvements, and demolition. See N.Y. Economic Development Law Law 250
• Person: means any individual, firm, co-partnership, association or corporation other than the state and a "public corporation. See N.Y. Environmental Conservation Law 15-0107
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• State agency: shall mean an office, department, board, commission, bureau, division, public corporation, agency or instrumentality of the state. See N.Y. Economic Development Law Law 250