New York Laws > Public Authorities > Article 1-A – New York State Public Authorities Control Board
Current as of: 2024 | Check for updates
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Other versions
| § 50 | New York state public authorities control board; creation; procedure |
| § 51 | Powers, functions and duties of the New York state public authorities control board; limitations |
Terms Used In New York Laws > Public Authorities > Article 1-A - New York State Public Authorities Control Board
- 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.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Minority leader: See Floor Leaders
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.