§ 13-1302 Acquisition or establishment of self-supporting improvements. The board of trustees of any village may, by local law, provide for the acquisition, construction, lease or purchase of any self-supporting improvement, or may establish any existing recreational facility, and parking areas in connection therewith, as a self-supporting improvement, pursuant to the provisions of this article.

Terms Used In N.Y. Village Law 13-1302

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • self-supporting improvement: shall mean any recreational facility, and parking areas in connection therewith, established pursuant to this article from which revenues are obtained by the imposition and collection of rates, fees, tolls or admissions. See N.Y. Village Law 13-1300
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