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The Constitution of New York enumerates the powers of local governments, such as the power to elect a legislative body and adopt local laws. [ 3 ] [ 4 ] A local law has a status equivalent with a law enacted by the Legislature (subject to certain exceptions and restrictions [ 5 ] ), and is superior to the older forms of municipal legislation ...
A Municipal Assistance Corporation (MAC) was an independent New York State public-benefit corporation created by the State of New York for purposes of providing financing assistance and fiscal oversight of a fiscally-distressed city. Two MACs are explicitly designated under New York law.
Monell v. Department of Social Services, 436 U.S. 658 (1978), is an opinion given by the United States Supreme Court in which the Court overruled Monroe v. Pape by holding that a local government is a "person" subject to suit under Section 1983 of Title 42 of the United States Code: Civil action for deprivation of rights. [1]
The University Area Joint Authority voted Wednesday to take legal action against the State College Borough, as it has been withholding partial payments and owes the authority more than $400,000.
The Budget Director also serves ex officio on various boards, including the New York City Municipal Water Authority, which issues bonds for the capital plan of the NYC Department of Environmental Protection, [9] the New York City Transitional Finance Authority, and TSASC, Inc., a local development corporation whose debt is secured by tobacco ...
This revised act was upheld as constitutional by the Supreme Court in United States v. Bekins. [12] Chapter 9 was largely unchanged until it was amended in 1976 in response to New York City's financial crisis. [13] The changes made in 1976 were adopted nearly identically in the modern 1978 Bankruptcy Code as Chapter 9.
The Civil Court of the City of New York is a civil court of the New York State Unified Court System in New York City that decides lawsuits involving claims for damages up to $25,000 and includes a small claims part (small claims court) for cases involving amounts up to $10,000 as well as a housing part (housing court) for landlord-tenant matters, and also handles other civil matters referred ...
New York Community Bancorp is down around 70% from its 52-week highs. Even if it doesn't get back to those highs right away, there's still meaningful recovery potential here if the bank can prove ...