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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 .
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....
These assets are overseen by the New York State Comptroller's office and are held on behalf of more than one million members of the New York State and Local Retirement Systems (NYSLRS). As of March 31, 2018, its one-year return was 11.35%, however its 10-year return was 6.4%. In 2017, the fund was able to cover about 95% of the benefits it paid ...
Alamy By Herb Weisbaum It's one of the million little things you need to do when you move -- contact the postal service to change your mailing address. Here's where the problem can occur: Many ...
New York state wants companies to protect their LGBTQ+ Gen Z and millennial workers—and it’s throwing a $260 billion retirement fund at the issue Amanda Gerut April 3, 2024 at 5:54 PM
The Dormitory Authority of the State of New York (DASNY / ˈ d æ z n iː /) provides construction, financing, and allied services which serve the public good of New York State. More specifically, as a New York State public-benefit corporation, DASNY provides services for public and non-proprietary (i.e., nonprofit) private universities in New ...
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In 1970, there were 14,279 Filipinos in New York State, 52.4% of whom were college graduates. [9] Filipinos in the New York City metropolitan area also did not enjoy the early advantage of their counterparts on the West Coast of the United States in terms of perceived geographic proximity to the Philippines by marine and air routes.