N.Y. Private Housing Finance Law 252 – Definitions
§ 252. Definitions. As used in this article, unless a different meaning clearly appears from the context: 1. "Agency", "area" and "plan" shall mean agency, urban renewal area and urban renewal plan, respectively, as defined in Article 15 of the general municipal law.
Terms Used In N.Y. Private Housing Finance Law 252
- 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.
- plan: shall mean agency, urban renewal area and urban renewal plan, respectively, as defined in Article 15 of the general municipal law. See N.Y. Private Housing Finance Law 252
- Project: shall mean a non-profit capital development project invested with a public interest, including facilities incidental or appurtenant thereto and all lands, buildings and improvements acquired, owned, constructed, maintained or operated pursuant to this article, or any combination thereof. See N.Y. Private Housing Finance Law 252
2. "Municipality" shall mean the city, town or village in which a community development corporation conducts or proposes to conduct its activities.
3. "Project" shall mean a non-profit capital development project invested with a public interest, including facilities incidental or appurtenant thereto and all lands, buildings and improvements acquired, owned, constructed, maintained or operated pursuant to this article, or any combination thereof. It shall include but not be limited to civic auditoriums, libraries, museums and recreational centers.