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The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
New York state public-benefit corporations are commonly used by the state government to perform a specific purpose, such as investment in infrastructure or regulation of horse racing. These corporations are frequently referred to as authorities .
The New York State Urban Development Corporation (UDC) was created in 1968 by the New York State Urban Development Corporation Act. [1] [7] On August 31, 1987, the Omnibus Economic Development Act created the state Department of Economic Development (DED). [7]
The Olympic Regional Development Authority (ORDA) is a New York State public benefit corporation, created by the State of New York to manage the facilities used after the 1980 Olympic Winter Games at Lake Placid, New York. ORDA is the only state-owned ski area organization in the United States. [1]
New York Board of Trade: financial exchanges New York Life: insurance New York Mercantile Exchange: financial exchanges New York Private Bank & Trust: financial services New York Stock Exchange: financial exchanges The New York Times Company: media New Young Broadcasting: media Newmark Grubb Knight Frank: real estate News Corporation (1980 ...
Loews Corporation Reports Net Income for 2012 NEW YORK--(BUSINESS WIRE)-- Loews Corporation (NYS: L) today reported net income for 2012 of $568 million or $1.43 per share as compared to $1.1 ...
More specifically, as a New York State public-benefit corporation, DASNY provides services for public and non-proprietary (i.e., nonprofit) private universities in New York State; for not-for-profit healthcare facilities in the State; and for other New York State-related institutions/purposes (such as State court facilities and State pension ...
This page was last edited on 23 December 2024, at 00:58 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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