N.Y. General Municipal Law 119-Q – Definitions
§ 119-q. Definitions. As used in this article, the following terms shall mean and include:
Terms Used In N.Y. General Municipal Law 119-Q
- 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.
a. "Municipal corporation". A city, town, village, county not wholly contained within a city, special transportation district, public benefit corporation or other public corporation, or two or more of the foregoing acting jointly.
b. "Mass transportation capital project". The acquisition, construction, reconstruction or improvement of any rapid transit, railroad, railroad freight capital facility, omnibus, marine transportation or other mass transportation capital facility and any capital equipment used in connection therewith.
c. "Airport or aviation capital project." The acquisition, construction, reconstruction or improvement of an airport or aviation capital facility and any capital equipment used in connection therewith.
d. "Federal mass transportation operating assistance." Any federal financial assistance granted for the specific purpose of paying the operating expenses of any public transportation system, as such term is defined in § 18-a of the transportation law, or any rail freight system, in providing transportation services.