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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 Business Corporation Law is the primary corporation statute in the State of New York. It is an influential model in U.S. corporate law. It is chapter 4 of the Consolidated Laws of New York, originally enacted as chapter 567 of the Laws of 1890.
Dr. Michael Schluter CBE (born 1947), is a British social thinker and social entrepreneur who founded Britain's Relationships Foundation. [ 1 ] After gaining his Ph.D. [ 2 ] from Cornell University , Schluter worked as an applied economist with the International Food Policy Research Institute (IFPRI) and the World Bank .
The New York City Law Department, also known as the Office of the Corporation Counsel, [1] is the department of the government of New York City responsible for most of the city's legal affairs. [2] The department is headed by the Corporation Counsel , Muriel Goode-Trufant, the 82nd official to hold this position, confirmed in December 2024.
The office of the secretary of state of New York was established in 1778, and is one of the oldest government agencies of the state of New York. Until 1822, the secretary of state was appointed by the Council of Appointment for an indefinite term, [6] but could be substituted at any time, especially if the majority party in the council changed ...
HFA and its subsidiaries are now administered by New York State Homes and Community Renewal, [4] created in September 2010 to include the New York State Division of Housing and Community Renewal. In 2017, the HFA had operating expenses of $368.76 million, an outstanding debt of $16.780 billion, and a staffing level of 263 people. [5]
A charter is a grant of authority or rights issued by the New York State Education Department (NYSED). The organization grants provisional and absolute charters to legally establish educational corporations including schools, libraries, historical societies, and museums.