new york state public-benefit corporations wikipedia - EAS

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  1. From Wikipedia, the free encyclopedia 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.
    en.wikipedia.org/wiki/Category:Public_benefit_corporations_in_New_York_(state)
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    What is a New York state public benefit corporation?
    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.
    en.wikipedia.org/wiki/New_York_state_public-benefit_corp…
    Is a public benefit corporation an income generator?
    Nonetheless, some states have evaluated this type as an income generator as a result of the potential for the business development of their state. If you need help with your public benefit corporation, you can post your legal need on UpCounsel’s marketplace.
    www.upcounsel.com/public-benefit-corporation
    Can a benefit corporation go public?
    Relinquish or retain benefit corporation standing before or after selling, relying on the present and new proprietors’ preferences and sometimes a two-thirds vote by shareholders Is Going Public an Option? Benefit corporations can go public. The benefit corporation category was implemented as a way to protect company missions when going public.
    www.upcounsel.com/public-benefit-corporation
    What does AA New York state public benefit corporation do?
    a New York State public benefit corporation whose mission is to plan, create, co-ordinate and maintain a balanced community of commercial, residential, retail, and park space within its designated 92-acre site on the southern tip of Manhattan.
    en.wikipedia.org/wiki/New_York_state_public-benefit_corp…
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    New York state public-benefit corporations - …

    https://en.wikipedia.org/wiki/New_York_state...

    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

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    Public benefit corporations in New York State have origins in mercantile capitalism. A shared tradition of English common law and Dutch law may explain their origins.
    The New York Court of Appealsprovided a thorough history of state

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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

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    The 1938 Constitution "expressly empowered public authorities to contract debt independently of the State". Because of this, the Court of Appeals has repeatedly affirmed that

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    Public benefit corporations and public authorities are controlled by boards of directors made up of political appointees. Board members have fixed terms and are, at least in theory, considered to be more independent of political influence than elected politicians and

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    The New York State Comptroller's Office lists four types of public benefit corporations and authorities:
    • Class A

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    For a more complete list, see a list of New York State public-benefit corporations
    Class A public benefit corporations in the New York City Metropolitan Area
    Below are some of the authorities operating in and around the New York City metropolitan area

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    Some of these corporations, particularly the "authorities", are criticized as being wasteful or overly secretive. There were more than 640 as of 2004

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  4. Category:Public benefit corporations in New York (state ...

    https://en.wikipedia.org/wiki/Category:Public...

    From Wikipedia, the free encyclopedia. Jump to navigation Jump to search. 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 .

  5. New York state public-benefit corporations - Infogalactic ...

    https://infogalactic.com/info/New_York_state_public-benefit_corporations
    • Public benefit corporations in New York State have origins in mercantile capitalism. A shared tradition of English common law and Dutchlaw may explain their origins. The New York Court of Appeals provided a thorough history of state laws regarding public authorities in the 1994 case Schulz v. State, 84 N.Y.2d 231. As the court explained, state debt limits were first enacted as a r…
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  6. XVI.3.F Public Benefit Corporations - Office of the New ...

    https://web.osc.state.ny.us/agencies/guide/MyWebHelp/Content/XVI/3/F.htm

    The EFC is a public benefit corporation created in 1970 to promote environmental quality by providing low-cost financing and technical assistance to municipalities, businesses, and state agencies for environmental projects in New York State.

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