Terms Used In N.Y. Public Authorities Law 1371

  • authority: shall mean the corporation created by section thirteen hundred fifty-three of this title. See N.Y. Public Authorities Law 1351
  • Contract: A legal written agreement that becomes binding when signed.

It shall be a misdemeanor for a member of the authority or an officer, agent, servant or employee employed by or appointed by the authority, to be in any way or manner interested, directly or indirectly, as principal, surety or otherwise, in a contract, the expense or consideration whereof is payable out of the funds of the authority.