Terms Used In New York Laws > Public Authorities > Article 10 > Title 1 - Short Title; General Definitions; Legislative Findings and Statement of Purposes

• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• Board of directors: means the board of directors of a municipal assistance corporation. See N.Y. Public Authorities Law 3003
• 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: 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.
• 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
• Legislature: means the legislature of the state of New York. See N.Y. Public Authorities Law 3003
• Lien: A claim against real or personal property in satisfaction of a debt.
• Municipal assistance corporation: means a corporation created pursuant to section three thousand ten of this article. See N.Y. Public Authorities Law 3003
• Municipality: means any city in the state. See N.Y. Public Authorities Law 3003
• notes: means bonds and notes, respectively, issued by a municipal assistance corporation pursuant to this article. See N.Y. Public Authorities Law 3003
• 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.
• Obligations: means bonds and notes. See N.Y. Public Authorities Law 3003
• Political subdivision: means a municipal corporation, school district, district corporation and board of cooperative educational services. See N.Y. General Municipal Law 100
• Special law: means the special law of the legislature pursuant to which a municipal assistance corporation is created. See N.Y. Public Authorities Law 3003
• State: means the state of New York. See N.Y. Public Authorities Law 3003
• Statute: A law passed by a legislature.