Terms Used In New York Laws > Economic Development Law > Article 4-A - Division of Minority and Women's Business Development

• 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
• Conviction: A judgement of guilt against a criminal defendant.
• 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.
• Devise: To gift property by will.
• Division: shall mean the division of minority and women's business development created by this article. See N.Y. Economic Development Law Law 115
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Minority leader: See Floor Leaders
• Technical assistance: shall mean assistance and services designed to improve the efficiency, effectiveness and viability of a minority or women-owned business enterprise, including, but not limited to, management assistance, problem solving, the development of business and marketing plans, market analysis, financial planning, regulatory compliance, safety and security measures, export assistance, procurement assistance, application assistance, state program assistance, referral to private and public financing sources, contracting assistance, and other forms of assistance which the commissioner deems necessary and appropriate. See N.Y. Economic Development Law Law 115