New York Statutes

§ 11 — Prohibitions; penalties

New York·Law FEA NYS Financial Emergency Act for the city of NY 868/75

* § 11. Prohibitions; penalties. 1. During a control period, (i) no\nofficer or employee of the city or of any of the covered organizations\nshall make or authorize an obligation or other liability in excess of\nthe amount available therefor under the financial plan as then in\neffect;

(ii)no officer or employee of the city or of any of the covered\norganizations shall involve the city or any of the covered organizations\nin any contract or other obligation or liability for the payment of\nmoney for any purpose required to be approved by the board unless such\ncontract, obligation or liability has been so approved or deemed to be\napproved as provided in paragraphs e and f of subdivision one of section\nseven and unless such contract or obligation or liability is in\ncompliance with the

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