New York § 21-B Debt service in relation to certain municipal cooperative activities

New York Statutes

§ 21-B — Debt service in relation to certain municipal cooperative activities

New York § 21-B

Law GCTGeneral City

Art. 2-APowers of Cities

This text of New York § 21-B (Debt service in relation to certain municipal cooperative activities) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. General City § 21-B (2026).

Text

  § 21-b. Debt service in relation to certain municipal cooperative\nactivities.  If any joint indebtedness described in title one-A of\narticle two of the local finance law is allocated and apportioned, or is\nexcluded, under or pursuant to such title or any other provision of law\nfor the purpose of determining the debt-contracting power of a county,\ncity, town, village or school district, such allocation and\napportionment, or exclusion, shall not limit the amount to be raised in\nany city outside the limitations applicable to cities set forth in\nsection ten of article eight of the constitution to provide for the\ninterest on and the principal of any greater proportionate share of such\ndebt service which the city has agreed or is required to provide. The\ntotal of the amounts which m

Free access — add to your briefcase to read the full text and ask questions with AI

§ 21-b. Debt service in relation to certain municipal cooperative\nactivities. If any joint indebtedness described in title one-A of\narticle two of the local finance law is allocated and apportioned, or is\nexcluded, under or pursuant to such title or any other provision of law\nfor the purpose of determining the debt-contracting power of a county,\ncity, town, village or school district, such allocation and\napportionment, or exclusion, shall not limit the amount to be raised in\nany city outside the limitations applicable to cities set forth in\nsection ten of article eight of the constitution to provide for the\ninterest on and the principal of any greater proportionate share of such\ndebt service which the city has agreed or is required to provide. The\ntotal of the amounts which may be so raised by all participating public\ncorporations outside any limitation imposed by or pursuant to section\nten of article eight of the constitution to provide for their respective\nportions of any payment of principal or of interest on joint\nindebtedness shall not exceed the full amount required to be provided by\nall of such participants to make any such payment.\n