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This entry was published on 2014-09-22
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Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 25
* § 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

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

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)