New York § 15.40 Additional limitations

New York Statutes

§ 15.40 — Additional limitations

New York § 15.40

Law LFNLocal Finance

Title 1-AIndebtedness Relative to Municipal Cooperative Activities

Art. 2Local Indebtedness

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Bluebook

N.Y. Local Finance § 15.40 (2026).

Text

§ 15.40 Additional limitations.

a.Indebtedness shall not be\ncontracted or incurred pursuant to this title for any object or purpose\nwhich is intended to effectuate any of the purposes of article eighteen\nof the state constitution as implemented by the public housing law or\nany other law including this chapter.\n b. The following provisions of this chapter shall not be applicable in\nrelation to indebtedness contracted or incurred in relation to a joint\nservice or a joint water, sewage or drainage project: Paragraph c of\nsection 20.00, and sections 28.10, 90.00 and 92.00.\n

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§ 15.40 Additional limitations. a. Indebtedness shall not be\ncontracted or incurred pursuant to this title for any object or purpose\nwhich is intended to effectuate any of the purposes of article eighteen\nof the state constitution as implemented by the public housing law or\nany other law including this chapter.\n b. The following provisions of this chapter shall not be applicable in\nrelation to indebtedness contracted or incurred in relation to a joint\nservice or a joint water, sewage or drainage project: Paragraph c of\nsection 20.00, and sections 28.10, 90.00 and 92.00.\n