Section 68-A. Definitions  


Latest version.
  • 1. "Authorized issuer" shall mean the following
      public authorities and public benefit corporations, and  any  successors
      thereto:
        (a) the dormitory authority of the state of New York;
        (b) the urban development corporation;
        (c) the New York state thruway authority;
        (d) the New York state environmental facilities corporation;
        (e) the New York state housing finance agency.
        2.  "Authorized  purpose"  for  purposes  of  this article and section
      ninety-two-z  of  this  chapter  shall  mean  any  purposes  for   which
      state-supported  debt,  as  defined  by  section  sixty-seven-a  of this
      chapter, may or has been issued except  debt  for  which  the  state  is
      constitutionally  obligated  thereunder  to pay debt service and related
      expenses, and except (a) as authorized in paragraph (b)  of  subdivision
      one  of section three hundred eighty-five of the public authorities law,
      (b) as authorized for the department of health of the state of New  York
      facilities  as  specified  in  paragraph a of subdivision two of section
      sixteen  hundred  eighty  of  the  public  authorities  law,  (c)  state
      university  of New York dormitory facilities as specified in subdivision
      eight of section sixteen hundred seventy-eight of the public authorities
      law, and (d) as authorized for  mental  health  services  facilities  by
      section nine-a of section one of chapter three hundred ninety-two of the
      laws  of  nineteen hundred seventy-three constituting the New York state
      medical care facilities financing act. Notwithstanding the provisions of
      clause (d) of this subdivision, for the period April first, two thousand
      nine  through  March  thirty-first,  two  thousand  ten,  mental  health
      services  facilities,  as authorized by section nine-a of section one of
      chapter three  hundred  ninety-two  of  the  laws  of  nineteen  hundred
      seventy-three  constituting  the  New York state medical care facilities
      financing act, shall constitute an authorized purpose.
        3. "Revenue bonds" for  the  purposes  of  this  article  and  section
      ninety-two-z  of this chapter shall mean any bonds, notes or obligations
      issued or incurred pursuant to section sixty-eight-b of this article.