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New York State Public-benefit Corporations
New York state public-benefit corporations and authorities operate like quasi-private corporations, with boards of directors appointed by elected officials, overseeing both publicly operated and privately operated systems. Public-benefit nonprofit corporations share characteristics with government agencies, but they are exempt from many state and local regulations. Of particular importance, they can issue their own debt, allowing them to bypass limits on state debt contained in the New York State Constitution. This allows public authorities to make potentially risky capital and infrastructure investments without directly putting the credit of New York State or its municipalities on the line. As a result, public authorities have become widely used for financing public works, and they are now responsible for more than 90% of the state's debt. The growing influence of public authorities over state and local financing, coupled with their ability to avoid regulations applicable to gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public-benefit Nonprofit Corporation
A public-benefit nonprofit corporationnonprofit A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ... corporation chartered by a state governments of the United States, U.S. state government and organized primarily or exclusively for Institution, social, educational institution, educational, Recreation, recreational or Charitable organization, charitable purposes by like-minded citizens. Public-benefit nonprofit corporations are distinct in the law from mutual-benefit nonprofit corporations in that they are organized for the general public benefit rather than for the interest of its members. They are also distinct in the law from religious corporations. See also * Civic society * New York state public-benefit corporations References External links Non-profit corporations ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brooklyn-Queens Expressway
Interstate 278 (I-278) is an auxiliary Interstate Highway in New Jersey and New York in the United States. The road runs from US Route 1/9 (US 1/9) in Linden, New Jersey, northeast to the Bruckner Interchange in the New York City borough of the Bronx. The majority of I-278 is in New York City, where it serves as a partial beltway and passes through all five of the city's boroughs. I-278 follows several freeways, including the Union Freeway in Union County, New Jersey; the Staten Island Expressway (SIE) across Staten Island; the Gowanus Expressway in southern Brooklyn; the Brooklyn–Queens Expressway (BQE) across Northern Brooklyn and Queens; a small part of the Grand Central Parkway in Queens; and a part of the Bruckner Expressway in the Bronx. I-278 also crosses multiple bridges, including the Goethals, Verrazzano-Narrows, Kosciuszko, and Robert F. Kennedy bridges. I-278 was opened in pieces from the 1930s through the 1960s. Some of its completed se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lower Manhattan Development Corporation
The Lower Manhattan Development Corporation was formed in November 2001, following the September 11 attacks, to plan the reconstruction of Lower Manhattan and distribute nearly $10 billion in federal funds aimed at rebuilding downtown Manhattan. It is a subsidiary of the Empire State Development Corporation, which is a New York state public-benefit corporations, New York state public-benefit corporation. History The Lower Manhattan Development Corporation was formed in November 2001 by then-Governor of New York, Governor George Pataki and then-Mayor of New York City, Mayor Rudolph Giuliani. The LMDC is a joint venture, 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 appointees dominate the LMDC. Its original chairman was John C. Whitehead, a former Deputy Secretary of State and head of Goldman Sachs. One of its first projects was the granting of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Long Island Lighting Company
The Long Island Lighting Company, or LILCO ("lil-co"), was an Electrical power industry, electrical power company and natural gas utility for Long Island, New York (state), New York, serving 2.7 million people in Nassau County, New York, Nassau, Suffolk County, New York, Suffolk and Queens County, New York, Queens counties,Company profile at Business.com from 1911 until 1998. History Formation 
Ellis Laurimore Phillips, an engineer, and a group of New York City investors, including George W. Ol ...
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Long Island Power Authority
Long Island Power Authority (LIPA, "lie-pah") is a municipal subdivision of the State of New York that owns the electric transmission and electric distribution system serving all of Long Island and a portion of Queens in New York City known as the Rockaways. History LIPA was originally created under the Long Island Power Act of 1985 to acquire the Long Island Lighting Company (LILCO)'s electric and natural gas infrastructure. LIPA acquired LILCO's transmission system in May 1998. Before 2014, LIPA's electric and natural gas infrastructure was run under its own name, though KeySpan operated its electric and natural gas infrastructure under a prior management contract with LIPA until 2007. KeySpan merged with National Grid USA in 2007, and National Grid began operating the electric infrastructure portion of LIPA business until 2013. Since January 1, 2014, LIPA has contracted with New Jersey–based Public Service Enterprise Group to operate LIPA's electric infrastructure o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hugh L
Hugh is the English-language variant of the masculine given name , itself the Old French variant of '' Hugo (name)">Hugo'', a short form of Continental Germanic Germanic name">given names beginning in the element "mind, spirit" (Old English ). The Germanic name is on record beginning in the 8th century, in variants ''Chugo, Hugo, Huc, Ucho, Ugu, Uogo, Ogo, Ougo,'' etc. The name's popularity in the Middle Ages ultimately derives from its use by Frankish nobility, beginning with Duke of the Franks and Count of Paris Hugh the Great (898–956). The Old French form was adopted into English from the Norman period (e.g. Hugh of Montgomery, 2nd Earl of Shrewsbury d. 1098; Hugh d'Avranches, 1st Earl of Chester, d. 1101). The spelling ''Hugh'' in English is from the Picard variant spelling '' Hughes'', where the orthography ''-gh-'' takes the role of ''-gu-'' in standard French, i.e. to express the phoneme /g/ as opposed to the affricate /ʒ/ taken by the grapheme ''g'' before front ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York City Metropolitan Area
The New York metropolitan area, also called the Tri-State area and sometimes referred to as Greater New York, is the List of cities by GDP, largest metropolitan economy in the world, with a List of U.S. metropolitan areas by GDP, gross metropolitan product of over US$2.6 trillion. It is also the List of largest cities by area, largest metropolitan area in the world by urban area, urban landmass, encompassing . Among the List of largest cities#Metropolitan area, most populous metro areas in the world, New York is the largest metropolitan statistical area in the United States and the only one with more than 20 million residents according to the 2020 United States census, 2020 U.S. Census. The core of this vast area, the New York metropolitan statistical area, includes New York City and much of Downstate New York (Long Island as well as the mid- and lower Hudson Valley) and the suburbs of North Jersey, northern and Central Jersey, central New Jersey (including that state's el ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York State Public-benefit Corporations
New York state public-benefit corporations and authorities operate like quasi-private corporations, with boards of directors appointed by elected officials, overseeing both publicly operated and privately operated systems. Public-benefit nonprofit corporations share characteristics with government agencies, but they are exempt from many state and local regulations. Of particular importance, they can issue their own debt, allowing them to bypass limits on state debt contained in the New York State Constitution. This allows public authorities to make potentially risky capital and infrastructure investments without directly putting the credit of New York State or its municipalities on the line. As a result, public authorities have become widely used for financing public works, and they are now responsible for more than 90% of the state's debt. The growing influence of public authorities over state and local financing, coupled with their ability to avoid regulations applicable to gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York State Public Authorities Control Board
The New York State Public Authorities Control Board is composed of five members, appointed by the Governor, some upon the recommendation of members of the Legislature. The five members of PACB are appointed by the Governor to serve one-year terms, with one member representing the Governor and acting as the chairperson. The Governor appoints the four remaining members based upon the recommendations of the Majority and Minority leaders of the Legislature. The members appointed by the governor upon the recommendation of the Minority Leader of the Senate and the Minority Leader of the Assembly are non-voting members. 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 Port Authority of New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eminent Domain
Eminent domain, also known as land acquisition, compulsory purchase, resumption, resumption/compulsory acquisition, or expropriation, is the compulsory acquisition of private property for public use. It does not include the power to take and transfer ownership of private property from one property owner to another private property owner without a valid public purpose. This power can be legislatively delegated by the state to municipalities, government subdivisions, or even to private persons or corporations, when they are authorized to exercise the functions of public character. The most common uses of property taken by eminent domain have been for roads, government buildings and public utility, public utilities. Many railroads were given the right of eminent domain to obtain land or easements in order to build and connect rail networks. In the mid-20th century, a new application of eminent domain was pioneered, in which the government could take the property and transfer it to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contracts
A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent to transfer of goods, services, money, or promise to transfer any of those at a future date. The activities and intentions of the parties entering into a contract may be referred to as contracting. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or equitable remedies such as specific performance or rescission. A binding agreement between actors in international law is known as a treaty. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. Like other areas of private law, contract law varies between jurisdictions. In general, contract law is exercised and governed either under common law jurisdictions, civil law jurisdictions, or mixed-law jurisdictions that combine el ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Empire State Development Corporation
Empire State Development (ESD) is the umbrella organization for New York's two principal economic development public-benefit corporations, the New York State Urban Development Corporation (UDC) and the New York Job Development Authority (JDA). The New York State Department of Economic Development (DED) is a department of the New York government that has been operationally merged into ESD. ESD gives its mission as promoting the state economy, encouraging business investment and job creation, and supporting local economies through loans, grants, tax credits, real estate development, marketing and other forms of assistance. History The Division of Commerce was created in 1941 and incorporated several state bureaus and the Bureau of Industry. It was replaced in 1944 by the Department of Commerce. The New York State Urban Development Corporation (UDC) was created in 1968 by the New York State Urban Development Corporation Act. On August 31, 1987, the Omnibus Economic Development ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
