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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....
Category. : Public benefit corporations in New York (state) 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 State-chartered public benefit corporations. Add languages. Add links. Article; Talk; ... New York state public-benefit corporations; Retrieved from "https: ...
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). [ 4] The New York State Department of Economic Development (DED) is a department of the New York ...
edc .nyc. New York City Economic Development Corporation ( NYCEDC) is a public-benefit corporation that serves as the official economic development organization for New York City. NYCEDC gives its mission as strengthening business confidence in New York City, diversifying the city's economic sectors, and delivering sustainable infrastructure.
NYC Health + Hospitals, officially the New York City Health and Hospitals Corporation ( HHC ), operates the public hospitals and clinics in New York City as a public benefit corporation. HHC was created in 1969 by the New York State Legislature as a public benefit corporation. [ 1] It is similar to a municipal agency, but has a board of directors .
200 Southern Blvd. PO Box 189. Albany, NY 12201-0189. Authority executive. Frank G. Hoare, Executive Director. Website. www .thruway .ny .gov. The New York State Thruway Authority ( NYSTA) is a public benefit corporation in New York State, United States. The NYSTA was formed in 1950 with the responsibility of constructing, maintaining, and ...
Bill failed a vote in the state's legislature. In business, and only in United States corporate law, a benefit corporation (or in some states, a public benefit corporation) is a type of for-profit corporate entity whose goals include making a positive impact on society. Laws concerning conventional corporations typically do not define the "best ...