New York Statutes

§ 1036 — Referendum

New York·Law PBA Public Authorities·Title 2 Albany Light, Heat and Power Authority·Art. 5 Public Utility Authorities
* § 1036. Referendum. No bonds shall be issued under this title by the\nauthority in an aggregate amount at any time outstanding exceeding ten\nmillion dollars. No such bonds shall be issued by the authority without\nthe approval of a majority of the electors of the district voting on the\nquestion of such approval. Such question may be submitted by the board\nof supervisors either at a general election or a special election called\nfor such purpose. The question submitted to the electors of the district\nshall be: "Shall the authority issue not exceeding (filling in the\namount) dollars bonds under the Albany Light, Heat and Power Authority\nAct?" If such proposition is adopted, the authority may issue bonds\nunder the power so given. The submission of such question and the\nconduct of

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