Terms Used In New York Laws > General Municipal > Article 5-C - Water Supply

• Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
• Amortized value: means for securities purchased at a premium above or a discount below par, the value as of any given date obtained by dividing the total amount of the premium or discount at which such securities were purchased by the number of days remaining to maturity on such securities at the time of such purchase and by multiplying the amount so calculated by the number of days having passed since the date of such purchase; and (a) in the case of securities purchased at a premium, by deducting the product thus obtained from the purchase price, and (b) in the case of securities purchased at a discount, by adding the product thus obtained to the purchase price. See N.Y. Public Authorities Law 3003
• 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 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: means the corporate governmental agency created by section three thousand thirty-three of this chapter. See N.Y. Public Authorities Law 3032
• Director of the budget: means the director of the budget of the state of New York. See N.Y. Public Authorities Law 3003
• Governor: means the governor 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
• Minority leader: See Floor Leaders
• 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 118
• Revenues: means all federal or state aid, rents, fees, charges, payments and other income and receipts paid or payable to a municipal assistance corporation or for the account of a municipal assistance corporation, including any payment permitted or required to be made to such a corporation by this article. See N.Y. Public Authorities Law 3003
• 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