Terms Used In New York Laws > Economic Development Law > Article 6-A - Western New York Power Proceeds Allocation Act

• 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.
• Eligible applicant: means a private business, including a not-for-profit corporation. See N.Y. Economic Development Law Law 189-A
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• expansion and replacement power: means the energy associated with such power. See N.Y. Economic Development Law Law 189-A
• fund: is a fund of the authority into which all net earnings are deposited by the authority in accordance with subdivision twenty of § 1005 of the public authorities law and from which allocations of fund benefits to eligible projects may be made. See N.Y. Economic Development Law Law 189-A
• 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.
• Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
• Quorum: The number of legislators that must be present to do business.
• Statute: A law passed by a legislature.
• Water power: shall be construed to mean power developed from falling or flowing water, and all electrical current and other forms of energy into which such power may be transformed. See N.Y. Environmental Conservation Law 15-0107
• Waters: shall be construed to include lakes, bays, sounds, ponds, impounding reservoirs, springs, wells, rivers, streams, creeks, estuaries, marshes, inlets, canals, the Atlantic ocean within the territorial limits of the state of New York, and all other bodies of surface or underground water, natural or artificial, inland or coastal, fresh or salt, public or private, which are wholly or partially within or bordering the state or within its jurisdiction. See N.Y. Environmental Conservation Law 15-0107