§ 3 — The state comptroller shall not confirm the amount of any deficit unless and until the chief executive officer, as such term is defined i...

New York § 3

• Jurisdiction: New York
• Law TRY: City of Troy Issuance of Serial Bonds

Text

§ 3. The state comptroller shall not confirm the amount of any deficit\nunless and until the chief executive officer, as such term is defined in\nparagraph 5-a of section 2.00 of the local finance law, of the city of\nTroy, shall have provided an independently-audited financial statement\nfor the applicable year for which the associated deficit is being\nfinanced to the state comptroller. The state comptroller shall then\ncertify the deficit amount and notify such chief executive officer,\nchief fiscal officer, the city council, the supervisory board as\nestablished pursuant to section ten of this act, the director of the\nbudget, the chair of the senate finance committee, and the chair of the\nassembly ways and means committee of the certified amount.\n