N.Y. Comp. Codes R. & Regs. Tit. 21§ 4247.2 - Definitions
For the purposes of this Part, the terms below should have the following meanings:
(a) The act
shall mean the New York State Urban Development Corporation Act, added by
chapter 174 of the Laws of 1968 (as amended).
(b) The corporation shall mean the Upstate
Empire State Development Corporation, a subsidiary of the New York State Urban
Development Corporation.
(c)
Distressed communities shall mean areas as determined by the corporation
meeting criteria indicative of economic distress, including land value,
employment rate, rate of employment change, private investment, economic
activity, percentages and numbers of low income persons, per capita income and
per capita real property wealth, and such other indicators of distress as the
corporation shall determine.
(d)
Not-for-profit corporation shall mean a corporation organized under the
provisions of the Not-For-Profit Corporation Law.
(e) Upstate New York shall mean the
geographical area defined by the chairperson of the Urban Development
Corporation, in consultation with the chairperson of the corporation or if no
such chairperson is appointed, the president of the corporation, subject to
approval by the board of directors of the Urban Development Corporation. The
approved geographical area will be disseminated to eligible parties by the
Urban Development Corporation's regional offices at the time of
approval.
Notes
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