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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 .
New York's public services are heavily organized into public-benefit nonprofit corporations, known frequently as authorities or development corporations. New York State-chartered public benefit corporations exist all over the state, but the most famous examples are probably in New York City (the Metropolitan Transportation Authority and the ...
Template: New York state public-benefit corporations. ... Upload file; Special pages; ... a non-profit organization.
Pages in category "Non-profit organizations based in New York City" The following 200 pages are in this category, out of approximately 481 total. This list may not reflect recent changes .
The L3C structure was designed by Robert M. Lang, Jr., who was the CEO of a New York-based family foundation. [4] Lang developed the structure as a way for foundations to clear tax and regulatory hurdles when it came to donations. With the first L3C statute being enacted in 2008, L3Cs are considered a relatively young legal form of business ...
A public-benefit nonprofit corporation [1] is a type of nonprofit corporation chartered by a U.S. state government, and organized primarily or exclusively for social, educational, recreational or charitable purposes by like-minded citizens.
Museums in New York (state) (31 C, 6 P) Pages in category "Non-profit organizations based in New York (state)" The following 183 pages are in this category, out of 183 total.
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