This text of New York § 36.00 (Bond resolution subject to permissive referendum; villages) 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.
§ 36.00 Bond resolution subject to permissive referendum; villages.\na. A bond resolution adopted by the finance board of a village shall be\nsubject to a permissive referendum or such resolution may be submitted\nto a referendum by such finance board on its own motion, in the manner\nprescribed in article nine of the village law, as amended from time to\ntime. The foregoing provisions of this paragraph shall not apply to a\nbond resolution authorizing the issuance of bonds:\n 1. With a proposed maturity of not more than five years to be measured\nfrom the date of the bonds or from the date of the first bond\nanticipation note issued in anticipation of the sale of such bonds,\nwhichever date is the earlier.\n 2. For a capital improvement or equipment, of which any part of the\ncost is
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§ 36.00 Bond resolution subject to permissive referendum; villages.\na. A bond resolution adopted by the finance board of a village shall be\nsubject to a permissive referendum or such resolution may be submitted\nto a referendum by such finance board on its own motion, in the manner\nprescribed in article nine of the village law, as amended from time to\ntime. The foregoing provisions of this paragraph shall not apply to a\nbond resolution authorizing the issuance of bonds:\n 1. With a proposed maturity of not more than five years to be measured\nfrom the date of the bonds or from the date of the first bond\nanticipation note issued in anticipation of the sale of such bonds,\nwhichever date is the earlier.\n 2. For a capital improvement or equipment, of which any part of the\ncost is chargeable primarily to benefited real property.\n 3. For the construction, pavement or other improvement of a street or\nhighway through such village, the cost of which is to be paid in part by\nsuch village and in part by the county or state, as provided in the\nhighway law, as amended from time to time.\n 4. For the payment of judgments, or compromised or settled claims\nagainst such village, or awards or sums payable by such village pursuant\nto a determination by a court, or an officer, body or agency acting in\nan administrative or quasi-judicial capacity.\n 5. To provide for the construction or reconstruction of facilities for\nthe conveyance, treatment and disposal of sewage required by any order\nof the state commissioner of health or of the water resources commission\ndirecting compliance with standards, determinations or orders\npromulgated pursuant to article twelve of the public health law to\nprevent pollution of the waters of the state.\n 6. To provide for construction or reconstruction of facilities for the\nincineration and disposal of refuse and garbage required by any order of\nthe commissioner of health, the air pollution control board or county\nhealth commissioner directing compliance with standards, determinations\nor orders promulgated pursuant to article twelve-A of the public health\nlaw or pursuant to a local law, ordinance or regulation of the governing\nbody of a county, which complies with at least the minimum applicable\nrequirements set forth in any code, rule or regulation promulgated\npursuant to article twelve-A of the public health law to prevent,\ncontrol or prohibit pollution of the air resources of the state.\n b. The expenditure of money for which it is proposed to issue\nobligations shall not be subject to a permissive or mandatory referendum\nin any village.\n