§ 103.00 — Limitation on the power of cities and villages to authorize certain obligations

New York § 103.00

• Jurisdiction: New York
• Law LFN: Local Finance
• Title 8: Limitations On the Power to Contract Indebtedness
• Art. 2: Local Indebtedness

Text

§ 103.00 Limitation on the power of cities and villages to authorize\ncertain obligations. a. If in any city or village, prior to the\neffective date of this chapter, a water board, public utility board or\nother agency, (other than the council, common council, board of\naldermen, board of estimate, board of estimate and apportionment, board\nof estimate and contract, board of trustees of a village, board of\neducation or board of trustees of a school district, or governing board\nof a public authority or district) had the power to authorize the\nissuance of obligations or to request the finance board or similar\nappropriate agency of the city or village to issue obligations for an\nobject or purpose, the finance board of such city or village may\nthereafter authorize the issuance of obligations for such an object or\npurpose only upon the recommendation of such agency.\n