N.Y. Public Authorities Law Section 901

As used or referred to in this title, unless a different meaning clearly appears from the context:


“Authority” means the corporation created by § 902 (Long Island market authority)section nine hundred two of this title.


“Bonds” means the bonds, notes or other evidences of indebtedness issued by the authority pursuant to this title and the provisions of this title relating to bonds and bondholders shall apply with equal force and effect to notes and noteholders, respectively, unless the context otherwise clearly requires.


“Civil service commission” means the civil service commission of the county of Suffolk.


“Comptroller” means the comptroller of the state.


“Construction” or “constructed” means the acquisition, erection, building, alteration, improvement, increase, enlargement, extension, reconstruction, renovation or rehabilitation of the authority; the inspection and supervision thereof; and the engineering, architectural, legal, fiscal and economic investigations and studies, surveys, designs, plans, working drawings, specifications, procedure and other actions preliminary or incidental thereto and claims arising therefrom.


“Cost”, as applied to any project, includes the cost of construction, the cost of the acquisition of all property, including real property and other property, both real, personal and mixed, improved and unimproved, the cost of the demolishing, removing or relocating any buildings or structures on lands so acquired, including the cost of acquiring any lands to which such buildings or structures may be moved or relocated, the cost of all machinery, apparatus and equipment, financing charges, interest prior to, during and after construction to the extent not paid or provided for from revenues or other sources, the cost of engineering and architectural surveys, plans and specifications, the cost of consultant and legal services, the cost of guarantee, bond insurance or other credit support devices and the cost of other expenses necessary or incidental to the construction of any such project and the financing of the construction thereof, including the amount authorized in the resolution of the authority providing for the issuance of bonds to be paid into any reserve or other special funds from the proceeds of such bonds and the financing of the placing of any project in operation, including reimbursement to any municipality, state agency, the state, the United States government, or any other person for expenditures that would be costs of the project hereunder had they been made directly by the authority.


“County” means the county of Suffolk, New York.


“County executive” means the county executive of the county.


“County legislature” means the county legislature of the county.


“Governing body” means the members of the authority constituting and acting as the governing body of the authority.


“Municipality” means any county, city, town, village, special or improvement district located or operating within or partly within the service area.


“Person” means any natural person, firm, partnership, limited liability company, association, joint venture or corporation, exclusive of a public corporation as defined pursuant to article two-A of the general construction law.


“Project” means a regional wholesale market facility operated primarily for perishable agricultural commodities and commercial fishing products, including the lands, building, fixtures, equipment and other appurtenances necessary or incidental thereto, constituting an integrated market for the service area and which serves as a significant source of supply of such commodities to such area.


“Real property” means lands, structures, franchises, rights and interests in land, air space, waters, land underwater, riparian rights and air rights and any and all things and rights included within said term and includes not only fees simple absolute, but also any and all lesser interests including, but not limited to, easements, rights-of-way, uses, leases, licenses and all other incorporeal hereditaments and every estate, interest or right, legal or equitable, including terms for years and liens thereon by way of judgments, mortgages or otherwise.


“Revenues” means all rates, fees, charges, payments and other income and receipts derived from the operation of the properties of the authority including, without limiting the generality of the foregoing, investment proceeds and proceeds of insurance, condemnation, and sale or other disposition of assets, together with all federal, state or municipal aid, if any.


“Service area” means the area comprising the entirety of the county of Suffolk.


“State” means the state of New York.


“State agency” means any state officer, public benefit corporation, department, board, commission, bureau or division, or other agency or instrumentality of the state.

Source: Section 901 — Definitions, https://www.­nysenate.­gov/legislation/laws/PBA/901 (updated Sep. 22, 2014; accessed Jul. 20, 2024).

Jul. 20, 2024

Last modified:
Sep. 22, 2014

§ 901’s source at nysenate​.gov

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