* § 2. Definitions. As used in this act, the following words and terms\nshall have the following meanings unless the context shall indicate\nanother or different meaning or intent.\n 1. "Comptroller" means the comptroller of the state of New York.\n 2. "City" means the city of New York.\n 3. "Mayor" means the mayor of the city of New York.\n 4. "City comptroller" means the comptroller of the city.\n 5. "Covered organization" means any governmental agency, public\nauthority or public benefit corporation which receives or may receive\nmonies directly, indirectly or contingently, (other than monies received\nfor the sale of goods or the rendering of services or the loan of monies\nto the city) from the city, and in any event includes, without\nlimitation, the board of education of the city of New York, the board of\nhigher education of the city of New York, the New York city transitional\nfinance authority, the health and hospitals corporation, the New York\ncity transit authority, the New York city housing authority, the New\nYork city housing development corporation, city university construction\nfund, Battery park city authority, New York city convention and\nexhibition center corporation, Manhattan and Bronx surface transit\noperating authority, Staten Island rapid transit operating authority,\nthe New York city sports authority and the Brooklyn sports center\nauthority but shall not include (i) any governmental agency, public\nauthority or public benefit corporation specifically exempted from the\nprovisions of this act by order of the board upon application of such\nagency, authority, or corporation to the board or at the board's own\nmotion upon a finding by the board that such exemption does not\nmaterially affect the ability of the city to adopt and maintain a budget\npursuant to the provisions of this act and provided that at the time of\nsuch exemption there shall have been and during the period of such\nexemption there shall be an annual audit by a nationally recognized\nindependent certified public accounting firm or consortium of firms, one\nof which shall be a nationally recognized firm, of the covered\norganization's financial statements performed in accordance with\ngenerally accepted auditing standards and report by such auditor thereon\nwhich includes an opinion that the financial statements so audited have\nbeen prepared in accordance with generally accepted accounting\nprinciples (subject to the provisions of subdivision two-a of section\neight of this act) and such other information as such auditors deem\nappropriate, (ii) any state public authority as defined in section two\nhundred one of the civil service law, unless specifically named above,\nor (iii) any governmental agency, authority, commission or\ninstrumentality created by compact or agreement between the state of New\nYork and another state or states; provided, however, that the board may\nterminate any exemption granted by order of the board pursuant to this\nsubdivision upon a determination that the circumstances upon which such\nexemption was granted are no longer applicable.\n 6. "Board" means the governmental agency created by section five of\nthis act.\n 7. "Deputy comptroller" means the deputy comptroller for the city of\nNew York created by section forty-one-a of the executive law.\n 8. "Municipal assistance corporation for the city of New York" means\nthe corporate governmental agency created by section three thousand\nthirty-three of the public authorities law.\n 9. "Short-term obligations" means tax anticipation notes, bond\nanticipation notes, revenue anticipation notes, budget notes and urban\nrenewal notes of the city.\n 10. "Revenues" mean all taxes, federal and state aid, rents, fees,\ncharges, payments, all proceeds from borrowings and other income and\nreceipts paid or payable to or for the account of the city or any of the\ncovered organizations.\n 11. "Financial plan" means the financial plan of the city and the\ncove
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