definitions

definitions Sec. 101. For the purpose of this title, the term— (1) “city” means the city of New York; (2) “State” means the State of New York; (3) “Secretary” means the Secretary of the Treasury; (4) “independent fiscal monitor” means an agency, board, or other entity authorized by the law of the State which has the authority to control the fiscal affairs of the city during the entire period for which assistance under this title will be outstanding and which authority the State has covenanted will not be substantially impaired during such period; (5) “financing agent” means any agency or instrumentality of the State duly authorized by the law of the State to act on behalf of or in the interest of the city, and no other subdivision of the State, with respect to the city’s financial affairs; (6) “city indebtedness” means indebtedness for borrowed money of (A) a financing agent, but only if the proceeds thereof are advanced to or applied for the benefit of the city, or (B) the city; and (7) “fiscal year” means a fiscal year of the city, except in section 111.