N.Y.
Public Authorities Law Section 1500-B
Definitions
1.
The term “authority” shall mean the corporation created by § 1500-C (City of Buffalo parking authority)section fifteen hundred-c of this title;2.
The term “city” shall mean the city of Buffalo;3.
The term “bonds” shall mean the bonds, notes or other evidences of indebtedness issued by the authority pursuant to this title relating to bonds and bondholders;4.
The term “board” shall mean the members of the authority;5.
The term “real property” shall mean lands, structures, franchises, and interest in lands, and any and all things usually included within the said term, and includes not only fees simple absolute but also any and all lesser interest, such as easements, rights of way, uses, leases, licenses, and all other incorporeal hereditaments 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, in the area of the city;6.
The term “project” shall mean any area or place operated or to be operated by the authority for the parking or storing of motor and other vehicles and shall, without limiting the foregoing, include all real and personal property, driveways, roads, approaches, structures, terminals of all kinds, garages, meters, mechanical equipment, and all appurtenances and facilities on, above or under the ground which are used or usable in connection with such parking or storing of such vehicles in the area of the city or which facilitates electric vehicle charging infrastructure;7.
The term “projects” shall mean more than one covered projects.8.
The term “covered project” shall mean a project located on a public parking facility owned by the city at the time this title shall take effect.9.
The term “Buffalo fiscal stability authority” shall mean the public benefit corporation established pursuant to title two of article 10-D (Miscellaneous Authorities)article ten-D of this chapter.
Source:
Section 1500-B — Definitions, https://www.nysenate.gov/legislation/laws/PBA/1500-B (updated May 16, 2025; accessed May 24, 2025).
