State Codes and Statutes

Statutes > New-york > Pvh > Article-5 > 102

§ 102. Definitions. As used in this article, the following terms shall  mean and include:    1.  "Project." A specific work or improvement to effectuate all or any  part of a plan including lands,  buildings  and  improvements  acquired,  owned,  constructed,  managed  or operated in an area by a redevelopment  company  or  an  insurance  company  providing  dwelling  accommodations  pursuant  to  this  article  and  such business, commercial, cultural or  recreational facilities appurtenant thereto as may be approved  pursuant  to section one hundred fourteen of this article.    2.  "Supervising  agency." The municipal comptroller in a municipality  having a comptroller; in a municipality having no comptroller the  chief  financial  officer  of such municipality; except that in the city of New  York it shall be the department of housing preservation and development.  However, as to any insurance company providing  dwelling  accommodations  pursuant  to  this  article, or if any of the stock and income debenture  certificates having voting power of a redevelopment company are  or  are  to  be  issued  to  one or more insurance companies, the term shall mean  only the superintendent of insurance.    3. "Local and municipal  taxes."  Taxes  levied  by  a  county,  city,  village,  town,  school  and  special  district  but  shall  not include  assessments for local improvements.    3-a. "Redevelopment company." A corporation, partnership  (general  or  limited),  limited  liability  companies or trust created as provided in  section one hundred three of this article.    4. "Capital." In the case of a corporation, the capital shares of that  corporation for the time being issued and outstanding; in the case of  a  partnership,  the  aggregate value of the money and property contributed  by the partners for the purpose of  carrying  on  the  business  of  the  partnership,  so  far  as  such  is  credited to the partners on capital  account; in the case of a limited liability company, the aggregate value  of the money and property contributed by the members for the purpose  of  carrying on the business of the company; and in the case of a trust, the  aggregate value of the money or property subject to the trust.    5.  "Federally-aided mortgage." A mortgage loan made or insured by the  federal government  or  any  agency  or  instrumentality  thereof  or  a  mortgage  loan  entered  into  in  conjunction with a housing assistance  payments contract in connection with  new  construction  or  substantial  rehabilitation  or  moderate rehabilitation pursuant to section eight of  the United States housing act of 1937, as amended.    6. The term "mutual" when applied to  a  redevelopment  company  shall  mean a redevelopment company which is a corporation operated exclusively  for the benefit of the persons or families who are entitled to occupancy  in  a  project  of  such redevelopment company by reason of ownership of  shares in such redevelopment company.

State Codes and Statutes

Statutes > New-york > Pvh > Article-5 > 102

§ 102. Definitions. As used in this article, the following terms shall  mean and include:    1.  "Project." A specific work or improvement to effectuate all or any  part of a plan including lands,  buildings  and  improvements  acquired,  owned,  constructed,  managed  or operated in an area by a redevelopment  company  or  an  insurance  company  providing  dwelling  accommodations  pursuant  to  this  article  and  such business, commercial, cultural or  recreational facilities appurtenant thereto as may be approved  pursuant  to section one hundred fourteen of this article.    2.  "Supervising  agency." The municipal comptroller in a municipality  having a comptroller; in a municipality having no comptroller the  chief  financial  officer  of such municipality; except that in the city of New  York it shall be the department of housing preservation and development.  However, as to any insurance company providing  dwelling  accommodations  pursuant  to  this  article, or if any of the stock and income debenture  certificates having voting power of a redevelopment company are  or  are  to  be  issued  to  one or more insurance companies, the term shall mean  only the superintendent of insurance.    3. "Local and municipal  taxes."  Taxes  levied  by  a  county,  city,  village,  town,  school  and  special  district  but  shall  not include  assessments for local improvements.    3-a. "Redevelopment company." A corporation, partnership  (general  or  limited),  limited  liability  companies or trust created as provided in  section one hundred three of this article.    4. "Capital." In the case of a corporation, the capital shares of that  corporation for the time being issued and outstanding; in the case of  a  partnership,  the  aggregate value of the money and property contributed  by the partners for the purpose of  carrying  on  the  business  of  the  partnership,  so  far  as  such  is  credited to the partners on capital  account; in the case of a limited liability company, the aggregate value  of the money and property contributed by the members for the purpose  of  carrying on the business of the company; and in the case of a trust, the  aggregate value of the money or property subject to the trust.    5.  "Federally-aided mortgage." A mortgage loan made or insured by the  federal government  or  any  agency  or  instrumentality  thereof  or  a  mortgage  loan  entered  into  in  conjunction with a housing assistance  payments contract in connection with  new  construction  or  substantial  rehabilitation  or  moderate rehabilitation pursuant to section eight of  the United States housing act of 1937, as amended.    6. The term "mutual" when applied to  a  redevelopment  company  shall  mean a redevelopment company which is a corporation operated exclusively  for the benefit of the persons or families who are entitled to occupancy  in  a  project  of  such redevelopment company by reason of ownership of  shares in such redevelopment company.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pvh > Article-5 > 102

§ 102. Definitions. As used in this article, the following terms shall  mean and include:    1.  "Project." A specific work or improvement to effectuate all or any  part of a plan including lands,  buildings  and  improvements  acquired,  owned,  constructed,  managed  or operated in an area by a redevelopment  company  or  an  insurance  company  providing  dwelling  accommodations  pursuant  to  this  article  and  such business, commercial, cultural or  recreational facilities appurtenant thereto as may be approved  pursuant  to section one hundred fourteen of this article.    2.  "Supervising  agency." The municipal comptroller in a municipality  having a comptroller; in a municipality having no comptroller the  chief  financial  officer  of such municipality; except that in the city of New  York it shall be the department of housing preservation and development.  However, as to any insurance company providing  dwelling  accommodations  pursuant  to  this  article, or if any of the stock and income debenture  certificates having voting power of a redevelopment company are  or  are  to  be  issued  to  one or more insurance companies, the term shall mean  only the superintendent of insurance.    3. "Local and municipal  taxes."  Taxes  levied  by  a  county,  city,  village,  town,  school  and  special  district  but  shall  not include  assessments for local improvements.    3-a. "Redevelopment company." A corporation, partnership  (general  or  limited),  limited  liability  companies or trust created as provided in  section one hundred three of this article.    4. "Capital." In the case of a corporation, the capital shares of that  corporation for the time being issued and outstanding; in the case of  a  partnership,  the  aggregate value of the money and property contributed  by the partners for the purpose of  carrying  on  the  business  of  the  partnership,  so  far  as  such  is  credited to the partners on capital  account; in the case of a limited liability company, the aggregate value  of the money and property contributed by the members for the purpose  of  carrying on the business of the company; and in the case of a trust, the  aggregate value of the money or property subject to the trust.    5.  "Federally-aided mortgage." A mortgage loan made or insured by the  federal government  or  any  agency  or  instrumentality  thereof  or  a  mortgage  loan  entered  into  in  conjunction with a housing assistance  payments contract in connection with  new  construction  or  substantial  rehabilitation  or  moderate rehabilitation pursuant to section eight of  the United States housing act of 1937, as amended.    6. The term "mutual" when applied to  a  redevelopment  company  shall  mean a redevelopment company which is a corporation operated exclusively  for the benefit of the persons or families who are entitled to occupancy  in  a  project  of  such redevelopment company by reason of ownership of  shares in such redevelopment company.