7 CRR-NY 700.5NY-CRR
7 CRR-NY 700.5
7 CRR-NY 700.5
700.5 Deinitions.
For purposes of this Part:
(a) fair market price shall mean a reasonable price selected by the commissioner or his designee at which a vendor of the same or similar product or service who is regularly engaged in the business of selling such product or service offers to sell such a product or service under similar terms in the same market.
(b) Market shall mean the territorial boundaries of the State of New York.
(c) Time of sale shall mean the date on which the product or service is delivered to the purchaser or the date on which payment is made, whichever occurs first.
(d) Price Review Board shall mean the Commissioner of Correctional Services, Commissioner of the Office of General Services and Director of the Budget, or their designees.
(e) Appellant shall mean the purchaser bringing the appeal.
(f) Respondent shall mean the Director of Correctional Industries.
(g) The parties shall mean the appellant and respondent.
7 CRR-NY 700.5
Current through July 15, 2022
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.