2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 12 › 1972 - Definitions.

§  1972.  Definitions.  As used in this title, the following words and
phrases shall have the  following  meanings  unless  the  context  shall
indicate another or different meaning or intent:
(1)  "Authority". The corporate governmental agency created by section
nineteen hundred seventy-three of this title.
(2) "Bonds" and "Notes". The bonds, notes and  obligations  issued  by
the authority pursuant to this title.
(3) "City". The city of New York.
(4) "Comptroller". The comptroller of the State of New York.
(5)  "Battery  Park project area". All that portion of the City of New
York, County of New York, State of New York  generally  bounded  by  the
easterly  line  of  West  Street, the northerly line of lot number 10 in
block 130 as shown on the tax maps of the City of New York,  borough  of
Manhattan,  and  its  extensions easterly to West Street and westerly to
the United States pierhead line as  now  constituted,  the  said  United
States  pierhead  line, the lands of Battery Park and the southerly line
of Battery Place.
(6) "Project". One or more  works  or  improvements  including  lands,
buildings,  improvements,  real,  personal  or  mixed  property  or  any
interest   therein,   acquired,   owned,   constructed,   reconstructed,
rehabilitated  or  improved  by the authority, or caused to be acquired,
owned, constructed, reconstructed,  rehabilitated  or  improved  by  the
authority  within  the  project  area  as  defined  herein,  all  as the
authority shall deem  necessary,  together  with  lands,  buildings  and
improvements  outside  the  project area required for relocation of city
facilities and for vehicular and pedestrian access roads, rights of way,
utility and other easements to and from the  project  area  all  as  the
authority  shall  deem necessary and as shall be determined by agreement
with the city.
(7) "Project cost". The  sum  total  of  all  costs  incurred  by  the
authority in carrying out all works and undertakings which the authority
deems reasonable and necessary for the development of the project. These
shall  include  but  are  not  necessarily  limited  to the costs of all
necessary studies, surveys,  plans  and  specifications,  architectural,
engineering  or  other  special  services,  acquisition  of land and any
buildings  thereon,  site  preparation  and  development,  construction,
reconstruction,  rehabilitation and improvement of the project area; the
necessary expenses incurred in connection with the initial occupancy  of
the project; the administrative and operating expenses of the authority;
the cost of financing the project, including interest on bonds and notes
issued  by the authority to finance the project from the date thereof to
the date when the authority shall determine that the project  be  deemed
substantially complete; the cost of other necessary items, including any
indemnity  and  surety bonds and premiums on insurance, legal fees, fees
and expenses of trustees, depositories and paying agents for  the  bonds
and  notes  issued  by  the  authority;  relocation  costs,  all  as the
authority  shall  deem  necessary  and  the  costs  of  acquisition  and
construction  of  lands,  buildings and improvements outside the project
area for relocation of city facilities whether such costs  are  incurred
by  the  authority or by the city for and on behalf of the authority and
for vehicular and pedestrian access roads, rights of  way,  utility  and
other easements to and from the project area, all as the authority shall
deem necessary and as shall be determined by agreement with the city.
(8)  "Real  property". Lands, structures, improvements, franchises and
interests in land, including lands  under  water,  waterfront  property,
marginal  streets  and  riparian rights, space rights and air rights and
any and all other things and rights usually included  within  said  term
and  any fixtures, equipment and article of personal property affixed to

or used in connection therewith.  Real  property  shall  also  mean  and
include  any  and  all  interests in such property less than full title,
such as easements, 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, and also all claims
for damages for such real estate.
(9) "State". The state of New York.
(10) "State  agency".  Any  officer,  board,  department,  commission,
bureau,  division,  public corporation, agency or instrumentality of the
state.
(11) "Subsidiary". A corporation created pursuant to section  nineteen
hundred seventy-four-a of this title.
(12)   "Residential   housing   facilities".  One  or  more  works  or
improvements  containing  one  or  more  residential   dwelling   units,
including,  but  not  limited  to,  single  room  occupancy  units,  and
including the real and personal property acquired,  owned,  constructed,
equipped, improved, enlarged, rehabilitated or renovated to provide such
accommodations  and  such incidental and appurtenant commercial, social,
recreational or communal facilities, to be located without  the  Battery
Park project area and within the city.
(13)  "Excess  revenues".  All  revenues from the Battery Park project
area in excess of those needed (i) to satisfy bond  and  note  covenants
(other than as they relate to bonds and notes issued pursuant to section
nineteen  hundred  seventy-four-c  of this title and section six hundred
fifty-four-c  of  the  private  housing  finance  law)  including  those
covenants  which  require  that  the authority maintain its revenues and
reserve funds in an amount necessary to permit it to discharge its  debt
service   obligations,   (ii)   to   fulfill  its  legal  and  financial
commitments, and (iii) to pay its operating and maintenance expenses.
(14)  "Housing  New  York  program".  The  housing  New  York  program
established by section four of the housing New York program act.
(15) "Housing New York corporation". The subsidiary corporation of the
New  York  city  housing  development corporation created by section six
hundred fifty-four-c of the private housing finance law.