§ 34.00 — Bond resolution may be subject to mandatory or permissive referendum; cities

New York § 34.00

• Jurisdiction: New York
• Law LFN: Local Finance
• Title 3: Local Obligations: Authorization Thereof
• Art. 2: Local Indebtedness

Text

§ 34.00 Bond resolution may be subject to mandatory or permissive\nreferendum; cities. a. Except as otherwise provided in paragraph b of\nthis section, neither the expenditure of money for an object or purpose\nfor which it is proposed to issue obligations nor a bond resolution or\ncapital note resolution shall be subject to a mandatory or a permissive\nreferendum in any city.\n b. Any city may adopt, in the manner provided by law, a local law\nrequiring that all bond resolutions, or bond resolutions authorizing the\nissuance of bonds for such purposes or amounts as may be specified in\nsuch local law, shall be subject to a mandatory or a permissive\nreferendum after such resolutions have been adopted by the finance\nboard. Such a local law shall prescribe the qualifications of the voters\nat and the procedure for such a mandatory or a permissive referendum and\nshall not itself be subject to a permissive or mandatory referendum. The\nprovisions of this paragraph shall not apply to bond resolutions\nauthorizing the issuance of bonds for the payment of judgments, or\ncompromised or settled claims against such city, or awards or sums\npayable by such city pursuant to a determination by a court, or an\nofficer, body or agency acting in an administrative or quasi-judicial\ncapacity, or to provide sewage disposal or treatment facilities required\nby any order of the state commissioner of health or of the water\nresources commission directing compliance with standards, determinations\nor orders promulgated pursuant to article twelve of the public health\nlaw to prevent pollution of the waters of the state.\n