§ 2530 Short title
§ 2531 Definitions
§ 2532 New York city stabilization reserve corporation
§ 2533 Legislative findings and declaration of purposes
§ 2534 Administration of the corporation
§ 2535 General powers of the corporation
§ 2536 Notes and bonds of the corporation
§ 2537 Reserve fund and appropriations
§ 2538 Payments to the city
§ 2539 Resources of the corporation
§ 2540 Payments to the corporation
§ 2541 Agreement with the state
§ 2542 State and city not liable on notes and bonds
§ 2543 Remedies of noteholders and bondholders
§ 2544 Notes and bonds as legal investments
§ 2545 Exemption from taxation
§ 2546 Employees of the corporation
§ 2547 Actions against the corporation
§ 2548 Assistance to the corporation
§ 2549 Corporation counsel to be attorney
§ 2550 Termination of authority and existence
§ 2551 Bonds or notes legal investments for public authorities

Terms Used In New York Laws > Public Authorities > Article 8 > Title 26 - New York City Stabilization Reserve Corporation

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Chairman: means the chairman of the dormitory authority. See N.Y. Public Authorities Law 1695
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Personal property: All property that is not real property.
  • President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Statute: A law passed by a legislature.
  • 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.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • Venue: The geographical location in which a case is tried.