|§ 396-G||Creation; Board; Employees|
|§ 396-H||Powers of the Authority|
|§ 396-I||Reports of the Authority|
|§ 396-J||Acquisition of Real Property; Financing of Expenditures|
Terms Used In New York Laws > County > Article 7-C
- 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
- Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.