N.Y. PBA Law § 2462

* § 2462. Definitions. As used or referred to in this title, unless a\ndifferent meaning clearly appears from the context:\n 1. The term "state" shall mean the state of New York;\n 2. The term "authority" shall mean the corporate body created by\nsection two thousand four hundred sixty-three of this title;\n 3. The terms "bonds and notes" shall mean the bonds and notes\nauthorized in this title;\n 4. The term "participating municipality" shall mean any public benefit\ncorporation, city, county, town, village or any combination thereof\nexercising its powers throughout the political subdivision in which a\nsports facility is or is proposed to be located, which submits a plan\npursuant to the provisions of section twenty-four hundred sixty-five of\nthis title or which joins in the submission of such plan with such a\nmunicipality or corporation;\n 5. The term "sports facility" shall mean a sports complex, stadium, or\narena and other related facilities suitable for the holding of athletic\nor sporting events, including parking therefor;\n 6. The "comptroller" shall be the comptroller of the state;\n 7. The "commissioner of taxation and finance" shall be the\ncommissioner of taxation and finance of the state;\n 8. The term "state aid" shall mean any moneys payable by the\ncomptroller to any participating municipality pursuant to section\nfifty-four of the state finance law and section one hundred twelve of\nthe highway law;\n 9. The term "amortized value" shall mean that for securities purchased\nat a premium above or a discount below par, the value as of any given\ndate obtained by dividing the total amount of the premium or discount at\nwhich such securities were purchased by the number of days remaining to\nmaturity on such securities at the time of such purchase and by\nmultiplying the amount so calculated by the number of days having passed\nsince the date of such purchase; and (a) in the case of securities\npurchased at a premium, by deducting the product thus obtained from the\npurchase price, and (b) in the case of securities purchased at a\ndiscount, by adding the product thus obtained to the purchase price.\n * NB (Disbanded March, 1980)\n