N.Y. Public Authorities Law 1020-A*2 – Definitions
* § 1020-a. Definitions. As used or referred to in this title, unless a different meaning clearly appears from the context:
Terms Used In N.Y. Public Authorities Law 1020-A*2
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- 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.
1. The term "authority" shall mean the corporation created by section one thousand twenty-c of this title.
2. The term "bonds" shall mean bonds, notes or other evidences of indebtedness issued by the authority pursuant to this title.
3. The term "comptroller" shall mean the comptroller of the state.
4. The term "civil service commission" shall mean the civil service commission of the county of Albany.
5. The term "district" shall mean the Green Island power district created by section one thousand twenty-b of this title.
6. The term "board of trustees" shall mean the board of trustees of the village of Green Island.
7. The term "mayor" shall mean the mayor of the village of Green Island.
8. The term "properties" shall mean the power distribution system or systems of the authority, whether situated within or without the territorial limits of the district, including the plants, works, structures, poles, lines, conduits, mains, systems, instrumentalities or part thereof and appurtenances thereto, lands, easements, rights in land and water rights, rights-of-way, contract rights, franchises, transmission facilities and distribution facilities, or any other property incidental to and included in such system or part thereof, and any improvements, extensions or betterments.
9. The term "municipalities" shall mean any county, city, town, village, school district, and any other political subdivision of the state.
10. The term "revenues" shall mean all rates, rents, fees, charges, payments and other income and receipts derived from the operation of the properties of the authority including, but not limited to, investment proceeds and proceeds of insurance, condemnation, and sales or other disposition of assets, together with all federal, state or municipal aid.
11. The term "state" shall mean the state of New York.
12. The term "village" shall mean the village of Green Island.
* NB There are 2 § 1020-a's