New York Statutes

§ 10-A — Prohibition; penalties

New York·Law TRY City of Troy Issuance of Serial Bonds

§ 10-a. Prohibition; penalties.

(a)During any emergency period (i) no\nofficer or employee of the city of Troy or of any of the covered\norganizations shall make or authorize an obligation or other liability\nin excess of the amount available therefor under the financial plan as\nthen in effect;
(ii)no officer or employee of the city of Troy or of\nany of the covered organizations shall involve the city of Troy or any\nof the covered organizations in any contract or other obligation or\nliability for the payment of money for any purpose required to be\napproved by the supervisory board unless such contract has been so\napproved and unless such contract or obligation or liability is in\ncompliance with the financial plan as then in effect.\n (b) No officer or employee of the city of Tr

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