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The Banking Board was established in 1932 by N.Y.S. Banking Law § 13 and 14, and was a quasi-legislative body. The Banking Board was created to advise and cooperate with the Banking Department in the formulation of banking standards and regulations and to exercise power to approve or disapprove the issuance of bank charters and licenses and the establishment of branch banks.
The New York City Office of Workforce Development (WKDEV) coordinates workforce development with economic development. The New York City Workforce Development Board (WDB) oversees Workforce Innovation and Opportunity Act activities, and is the local board counterpart to the New York State Workforce Investment Board.
The State of New York Municipal Bond Bank Agency (MBBA) was a New York State public-benefit corporation founded in 1972 by the state legislature to offer municipalities increased access to the bond market by creating an alternate method by which they could sell their general obligation bonds. MBBA was authorized to issue up to $1 billion of its ...
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....
The New York State Executive Department of the New York state government serves as the administrative department of the Governor of New York. [1] This department has no central operating structure; it consists of a number of divisions, offices, boards, commissions, councils, and other independent agencies that provide policy advice and assistance to the governor and conduct activities ...
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 Niagara Frontier Transit System was replaced by the Niagara Frontier Transportation Authority Corp. (NFTA) in 1967, as part of New York State's efforts in the late 1960s and early 1970s at creating public agencies that would oversee the development and continuation of public transportation in a number of key urban areas of the state; other ...
The Lower Manhattan Development Corporation was formed in November 2001 by then-Governor George Pataki and then-Mayor Rudolph Giuliani. [2] The LMDC is a joint State-City corporation governed by a 16-member Board of Directors, half appointed by the Governor of New York and half by the Mayor of New York. As a result, Pataki and Giuliani ...