Section 980. Definitions  


Latest version.
  • As used in this article:
        (a)  "Average  full  valuation  of  taxable  real  property" means the
      valuation obtained by taking the  assessed  valuation  of  taxable  real
      property  in the district as it appears upon the last completed and four
      preceding assessment rolls of the municipality and dividing each by  the
      applicable  state  equalization rate as determined by the state board of
      real property services pursuant to article twelve of the  real  property
      tax  law  for  each  of the assessment rolls and dividing the sum of the
      quotients thus obtained by five.
        (b) "District"  means  a  business  improvement  district  established
      pursuant to this article.
        (c)  "District  charge" means a levy imposed on behalf of the district
      as provided in the district plan.
        (d)  "District   management   association"   means   the   association
      established pursuant to section nine hundred eighty-m of this article.
        (e)  "District  plan" or "plan" means a proposal as defined in section
      nine hundred eighty-a of this article.
        (f) "Legislative body" means the local legislative body  empowered  to
      adopt and amend local laws or ordinances.
        (g)  "Municipality"  means a city, town or village within the state of
      New York.
        (h) "Owner" means owner of record.
        (i) "Tenant" means an occupant pursuant to a lease of commercial space
      or a dwelling unit, other than an owner.