New York § 30.00 Agency authorizing issuance of obligations

New York Statutes

§ 30.00 — Agency authorizing issuance of obligations

New York § 30.00

Law LFNLocal Finance

Title 3Local Obligations: Authorization Thereof

Art. 2Local Indebtedness

This text of New York § 30.00 (Agency authorizing issuance of obligations) 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. Local Finance § 30.00 (2026).

Text

§ 30.00 Agency authorizing issuance of obligations.

a.The finance\nboard shall have the power to authorize the issuance of bonds and notes.\nHowever, the finance board may, by resolution, delegate such power in\nrelation to bond anticipation notes, tax anticipation notes, revenue\nanticipation notes or urban renewal notes or the renewals thereof, to\nthe chief fiscal officer, in which event the chief fiscal officer shall\nexercise such power until the finance board, by resolution, shall elect\nto reassume the same.\n b. Whenever the power to authorize the issuance of any of such notes,\nor the renewals thereof, has been delegated to the chief fiscal officer,\nno such note, or such renewal note, authorized by such officer pursuant\nto such power shall be issued unless such officer shal

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

§ 30.00 Agency authorizing issuance of obligations. a. The finance\nboard shall have the power to authorize the issuance of bonds and notes.\nHowever, the finance board may, by resolution, delegate such power in\nrelation to bond anticipation notes, tax anticipation notes, revenue\nanticipation notes or urban renewal notes or the renewals thereof, to\nthe chief fiscal officer, in which event the chief fiscal officer shall\nexercise such power until the finance board, by resolution, shall elect\nto reassume the same.\n b. Whenever the power to authorize the issuance of any of such notes,\nor the renewals thereof, has been delegated to the chief fiscal officer,\nno such note, or such renewal note, authorized by such officer pursuant\nto such power shall be issued unless such officer shall have first filed\nwith the finance board a certificate authorizing the issuance of such\nnote, or such renewal note. Such certificate shall contain in substance\nat least the same statements and provisions as a finance board would be\nrequired to incorporate in a resolution adopted by it in compliance with\nsection 38.10 or section 39.00 of this chapter and, in addition, a\nstatement that the power delegated to such officer to issue such note,\nor such renewal note, is in full force and effect and has not been\nmodified, amended or revoked. Such certificate shall be properly dated\nand signed by the chief fiscal officer and the same shall be a public\nrecord. The failure to have first filed such certificate with the\nfinance board as hereinbefore provided shall not invalidate the issuance\nof any such note.\n c. In such instances in which the chief fiscal officer exercises such\npower, the same shall be exercised subject to such terms and conditions,\nnot inconsistent with the provisions of this chapter, as the finance\nboard may prescribe.\n

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

New York § 30.00, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/LFN/30.00.