New York Laws
Title 12
1972 - Definitions.

(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.