N.Y. Public Authorities Law § 2799-bb: Definitions

§ 2799-bb. Definitions. For the purposes of this title, unless the

context otherwise requires:

1. "Alternative revenues" means (i) sales and compensating use taxes

that the city is authorized by the state to impose and (ii) taxes

imposed pursuant to section eleven hundred seven of the tax law.

2. "Authority" or "New York city transitional finance authority" means

the public benefit corporation created by this title.

3. "Bonds" means bonds, notes and other evidences of indebtedness,

issued by the authority.

4. "Capital financing need" means a period during which and only the

extent to which the issuance of bonds in accordance with this title

would assist the city in meeting its capital needs as determined by the

mayor pursuant to section twenty-seven hundred ninety-nine-ff of this

title.

5. "City" means the city of New York.

6. "Comptroller" means the comptroller of the city.

7. "Council" means the council of the city.

8. "Director of management and budget" means the director of

management and budget of the city.

9. "Mayor" means the mayor of the city.

10. "Project capital costs" or "costs" means costs, appropriated in

the capital budget of the city pursuant to chapters nine and ten of the

New York city charter, as amended from time to time, providing for the

construction, reconstruction, acquisition or installation of physical

public betterments or improvements, or the costs of any preliminary

studies, surveys, maps, plans, estimates and hearings, or incidental

costs, including, but not limited to, legal fees, printing or engraving,

publication of notices, taking of title, apportionment of costs, and

interest during construction, or any underwriting or other costs

incurred in connection with the financing thereof.

11. "Public corporation" means and includes the city, the state and

every public corporation as defined in the general construction law.

12. "Revenues" means the tax revenues and all aid, rents, fees,

charges, payments and other income and receipts paid or payable to the

authority or a trustee for the account of the authority.

13. "Speaker" means the speaker of the council, elected pursuant to

the rules of the council.

14. "State" means the state of New York.

15. "Tax revenues" means the taxes paid or payable to the authority

pursuant to subsection (d) of section eight hundred seventy-three, or

section thirteen hundred thirteen, of the tax law and such other

revenues as the authority may derive directly from the state from taxes

imposed by the city or the state and collected by the state.