NY Loc Fin L § 37.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 3 - Local Obligations: Authorization Thereof 37.00 - Referenda on Bond Resolutions or Capital Note Resolutions; School Districts.

§  37.00  Referenda  on  bond resolutions or capital note resolutions;   school districts.  a. In a school district  other  than  a  city  school   district  a  bond  resolution  or a capital note resolution shall not be   adopted by the finance board thereof unless a tax  to  be  collected  in   installments  shall  have  been  voted  in  the  manner  provided in the   education law, as amended from time to time, for the object  or  purpose   for  which  such  resolution authorizes the issuance of obligations. The   foregoing provisions of this paragraph shall not apply to:1. A bond resolution or capital note resolution adopted by the finance   board of a school district authorizing the issuance of bonds or  capital   notes  for  the  payment  of  all  or  part  of  a  judgment, award or a   compromised or  settled  claim  against  the  school  district  for  the   acquisition  of land or rights in land, to the extent that the amount of   such judgment, award or  claim  exceeds  the  amount  authorized  to  be   expended  for  such acquisition of land or rights in land, provided such   excess amount does not exceed  fifteen  per  centum  of  the  amount  so   authorized to be expended.2.  A  bond resolution which authorizes the issuance of bonds pursuant   to section 92.00 of this chapter where prior to the issuance by a school   district of the bond anticipation note or notes to be refunded  by  such   bonds a tax to be collected in installments has been voted in the manner   provided  in  the education law for the object or purpose for which such   note or notes were issued.3. A bond resolution or capital note resolution which  authorizes  the   issuance  of  bonds  or  capital  notes for the payment of judgments, or   compromised or settled claims against such a school district, or  awards   or sums payable by such a school district pursuant to a determination by   a  court,  or  an officer, body or agency acting in an administrative or   quasi-judicial capacity.b. In a city school district a bond resolution adopted by the  finance   board  thereof shall not become effective unless a proposition approving   such resolution shall have been adopted at a special  or  annual  school   district   meeting   held  in  accordance  with  article  forty-one  and   fifty-three of the education  law.  The  foregoing  provisions  of  this   paragraph  shall not apply to a bond resolution authorizing the issuance   of bonds:1.  For the payment of judgments, or  compromised  or  settled  claims   against  such  city  school  district, or awards or sums payable by such   city school district pursuant to a  determination  by  a  court,  or  an   officer,  body  or  agency acting in an administrative or quasi-judicial   capacity; or2. Where a tax to be collected in installments has been voted  in  the   manner  provided  in  the  education  law, prior to July first, nineteen   hundred fifty-one, for the object or purpose for which  such  resolution   authorizes the issuance of bonds; or3.  Where such resolution authorizes the issuance of bonds pursuant to   section  92.00  of  this  chapter  and prior to the issuance by a school   district of the bond anticipation note or notes to be refunded  by  such   bonds a tax to be collected in installments has been voted in the manner   provided  in  the education law for the object or purpose for which such   note or notes were issued.Notwithstanding  the  foregoing  provisions  of  this  paragraph,  the   finance  board  of  a  city  school  district  may  provide  in any bond   resolution or capital note resolution that such  resolution,  shall  not   become  effective  unless  a  proposition  approving  such resolution is   adopted at a special or annual district meeting held in accordance  with   article forty-one and fifty-three of the education law.