N.Y. Public Authorities Law § 2501: Definitions

* § 2501. Definitions. As used or referred to in this title, unless a

different meaning clearly appears from the context, the following terms

shall mean and include:

1. "Amortized value". For securities purchased at a premium above or a

discount below par, the value as of any given date obtained by dividing

the total amount of the premium or discount at which such securities

were purchased by the number of days remaining to maturity on such

securities at the time of such purchase and by multiplying the amount so

calculated by the number of days having passed since the date of such

purchase; and (a) in the case of securities purchased at a premium, by

deducting the product thus obtained from the purchase price, and (b) in

the case of securities purchased at a discount, by adding the product

thus obtained to the purchase price.

2. "Authority". The corporation created by section twenty-five hundred

three of this title.

3. "Board of estimate". The board of estimate of the city of New York.

4. "Bonds". The bonds authorized by this title.

5. "City". The city of New York.

6. "City council". The city council of the city of New York.

7. "Comptroller". The comptroller of the city of New York.

8. "Corporation counsel". The corporation counsel of the city of New

York.

9. "Governor". The governor of the state of New York.

10. "Mayor". The mayor of the city of New York.

11. "Notes". The notes authorized by the title.

12. "Real property". Lands, including air and subsurface rights and

lands under water, structures, franchises and interests in lands and any

and all things usually included within the said terms, including not

only fees simple absolute but also any and all lesser interests, such as

easements, rights of way, uses, leases, licenses, and all other

incorporeal heriditaments and every estate, interest or right, legal or

equitable, including terms of years, and liens thereon by way of

judgments, mortgages or otherwise, and also claims for damage to real

estate.

13. "Sports facility". Real property in the city of New York but not

in the borough of Brooklyn used or to be used primarily for the conduct

of sports events, including a sports complex, stadium or arena and other

related facilities suitable for the holding of athletic or sports

events, including parking therefor.

14. "State". The state of New York.

* NB (Discontinued-Board of Directors never appointed)