2462 - Definitions.

*  § 2462. Definitions. As used or referred to in this title, unless a  different meaning clearly appears from the context:    1. The term "state" shall mean the state of New York;    2. The term "authority" shall  mean  the  corporate  body  created  by  section two thousand four hundred sixty-three of this title;    3.  The  terms  "bonds  and  notes"  shall  mean  the  bonds and notes  authorized in this title;    4. The term "participating municipality" shall mean any public benefit  corporation, city, county, town,  village  or  any  combination  thereof  exercising  its  powers  throughout the political subdivision in which a  sports facility is or is proposed to be located, which  submits  a  plan  pursuant  to the provisions of section twenty-four hundred sixty-five of  this title or which joins in the submission of such  plan  with  such  a  municipality or corporation;    5. The term "sports facility" shall mean a sports complex, stadium, or  arena  and other related facilities suitable for the holding of athletic  or sporting events, including parking therefor;    6. The "comptroller" shall be the comptroller of the state;    7.  The  "commissioner  of  taxation  and  finance"   shall   be   the  commissioner of taxation and finance of the state;    8.  The  term  "state  aid"  shall  mean  any  moneys  payable  by the  comptroller  to  any  participating  municipality  pursuant  to  section  fifty-four  of  the  state finance law and section one hundred twelve of  the highway law;    9. The term "amortized value" shall mean that for securities purchased  at a premium above or a discount below par, the value as  of  any  given  date obtained by dividing the total amount of the premium or discount at  which  such securities were purchased by the number of days remaining to  maturity on such  securities  at  the  time  of  such  purchase  and  by  multiplying the amount so calculated by the number of days having passed  since  the  date  of  such  purchase;  and (a) in the case of securities  purchased at a premium, by deducting the product thus obtained from  the  purchase  price,  and  (b)  in  the  case  of  securities purchased at a  discount, by adding the product thus obtained to the purchase price.    * NB (Disbanded March, 1980)