Terms Used In New York Laws > General Municipal > Article 5-A - Public Contracts

• Allegation: something that someone says happened.
• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
• Appraisal: A determination of property value.
• 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
• contact: shall mean any conversation, in person or by telephonic or other remote means, or correspondence between any lobbyist engaged in the act of lobbying and any person within a state authority who can make or influence a decision on the subject of the lobbying on behalf of the authority, and shall include, at a minimum, all members of the governing board and all officers of the state authority. See N.Y. Public Authorities Law 2987
• Director of the budget: means the director of the budget of the state of New York. See N.Y. Public Authorities Law 3003
• Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. ^{Source: OCC}
• Fire company: means :
  
  a. See N.Y. General Municipal Law 100
• Governor: means the governor of the state of New York. See N.Y. Public Authorities Law 3003
• 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}
• Judgement: The official decision of a court finally determining the respective rights and claims of the parties to a suit.
• Legislature: means the legislature of the state of New York. See N.Y. Public Authorities Law 3003
• lobbying: shall mean and include any attempt to influence:
  
  (i) the adoption or rejection of any rule or regulation having the force and effect of law by a public authority, and
  
  (ii) the outcome of any rate making proceeding by a public authority. See N.Y. Public Authorities Law 2987
• 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
• Obligations: means bonds and notes. See N.Y. Public Authorities Law 3003
• Office: means the office of general services. See N.Y. Public Authorities Law 2875-A
• Personal property: All property that is not real property.
• Political subdivision: means a municipal corporation, school district, district corporation and board of cooperative educational services. See N.Y. General Municipal Law 100
• Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
• Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
• Revenues: means all federal or state aid, rents, fees, charges, payments and other income and receipts paid or payable to a municipal assistance corporation or for the account of a municipal assistance corporation, including any payment permitted or required to be made to such a corporation by this article. See N.Y. Public Authorities Law 3003
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• 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
• Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
• Voluntary ambulance service: means a voluntary ambulance service as defined in Article 30 of the public health law and possessing a valid statement of registration or possessing a valid ambulance service certificate pursuant to Article 30 of the public health law. See N.Y. General Municipal Law 100