reglab/housing_qa huggingface dataset:
NY Loc Fin L § 85.40 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay 85.40 - Repayment Plan for Municipality; Court Approval; Continuation of Stay.

§  85.40 Repayment plan for municipality; court approval; continuation   of stay.  Upon the filing of a petition pursuant  to  section  85.30  of   this title, a repayment plan may be filed by the municipality or, in the   event  the municipality refuses to file such a plan after request by its   emergency financial control board or, after such request, fails to  file   a  plan within forty-five days from the filing of a petition pursuant to   section 85.30 of this  title,  the  board  may  file  a  repayment  plan   pursuant to this section on behalf of the municipality.  Upon the filing   of  such  a  plan, the court shall enter an order approving the plan and   extending any stay then in effect pursuant  to  section  85.30  of  this   title  as  against all creditors of the municipality for such additional   period of time as is required to carry out fully all of  the  terms  and   provisions  of  the  plan with respect to those creditors who accept the   plan or any benefits thereunder, if the court finds,  after  a  hearing,   that:  (a)  the repayment plan provides for the eventual satisfaction of   all debts and obligations of  the  municipality  affected  thereby;  (b)   that,  giving  due regard to the financial condition of the municipality   and to the necessity for the municipality to expend moneys for  services   and  purposes determined to be necessary as provided in section 85.30 of   thit title, the  repayment  plan  provides  as  prompt  payment  to  all   creditors  affected  thereby,  on  a  fair  and  equitable  basis, as is   practicable in the circumstances; (c) that the repayment plan  preserves   any  applicable  priorities among creditors or classes of creditors; and   (d) that the repayment plan was approved by the municipality's emergency   financial control board. In the event that the court is unable  to  make   the aforesaid findings as to the repayment plan, it shall enter an order   disapproving  the plan and vacating the stay then in effect, which order   shall become effective within ten days from the  entry  thereof  unless,   prior  thereto,  an amended repayment plan is filed with the court. Upon   the filing of the first such amended plan, the court shall  extend  and,   in  its  discretion, upon the filing of any further amended plans it may   extend the stay then in effect for such additional period of time as  is   required  to  permit  the  court  to  enter an order containing findings   pursuant to this section with respect to the amended plan.
NY Loc Fin L § 85.50 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay 85.50 - Termination of Stay.

§  85.50  Termination of stay.  Any order extending a stay pursuant to   section 85.40 of this title may be vacated or modified if,  upon  motion   of  any creditor affected thereby, the court finds, after a hearing: (a)   that the municipality has failed to comply with a material provision  of   the   repayment  plan;  or  (b)  that,  due  to  a  material  change  in   circumstances,  the  repayment  plan  no  longer   complies   with   the   requirements  of section 85.40 of this title. Upon the occurrence of the   final act necessary to carry out fully all of the terms  and  provisions   of  the  repayment  plan  with respect to those creditors who accept the   plan or any benefits thereunder, the court, after a hearing, upon motion   of any creditor or  of  the  municipality  or  its  emergency  financial   control board, shall enter an order vacating any stay then in effect and   permanently  enjoining  any  creditors  who  accepted  the  plan  or any   benefits thereunder from commencing or continuing any action or  special   proceeding  or  doing any other act within the scope of section 85.30 of   this title relating to any contract, debt or obligation included in  the   plan.
NY Loc Fin L § 85.60 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay 85.60 - Modification of Plan.

§  85.60  Modification of plan.   At any time prior to the entry of an   order approving or disapproving a repayment  plan  pursuant  to  section   85.40  of  this  title,  the  municipality,  with  the  approval  of its   financial emergency control board, or any such board with or without the   approval of the municipality, may file modifications thereof, subject to   the power of the court to enter an order prohibiting  the  filing  of  a   further   modification   if   it  finds,  after  a  hearing,  that  such   modification or any prior modification or the  repayment  plan  was  not   filed  in  good  faith.  At any time subsequent to the entry of an order   approving a repayment plan, any such modifications may only be filed  by   leave  of the court, after a hearing. Upon the filing at any time of any   modification of a  repayment  plan,  the  court  shall  hold  a  hearing   pursuant  to  section  85.40  of  this  title  and  shall enter an order   continuing or extending such stay as may then be in effect  pursuant  to   section  85.30 or 85.40 of this title for such additional period of time   as may be required to permit the court to enter  an  order  pursuant  to   section 85.40 of this title with respect to the modified plan.
NY Loc Fin L § 85.70 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay 85.70 - Notice to Creditors.

§  85.70  Notice to creditors.  Upon the filing of a petition pursuant   to section 85.30 of this title, or of a repayment plan or  amendment  or   modification  thereof  pursuant to section 85.40 or 85.60 of this title,   or upon the application for, or  the  entry  of,  any  order  extending,   vacating  or  modifying  a  stay  pursuant  to  this  title,  prompt and   appropriate notice thereof and of any hearing  in  connection  therewith   shall  be given, at the expense of the municipality, to all creditors of   the municipality affected thereby in such form and manner, including  by   mail or publication or both, as the court may find to be practicable and   appropriate   in  the  circumstances.  Notice  of  any  other  event  or   proceeding shall be given as the court may direct, to such  persons,  in   such  form  and  manner  and  with such provision for the payment of the   expenses thereof as the court may find to be practicable and appropriate   in the circumstances.
NY Loc Fin L § 85.80 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay 85.80 - Authority for Municipality or Emergency Financial Control Board to File Petition Under Federal Statute.

§  85.80  Authority  for  municipality  or emergency financial control   board to file petition under federal  statute.  A  municipality  or  its   emergency  financial control board in addition to, or in lieu of, filing   a petition under this title, or the city of New York  or  the  New  York   state  financial  control  board,  may file any petition with any United   States district court or court of bankruptcy under any provision of  the   laws  of  the  United  States,  now  or  hereafter  in  effect,  for the   composition or adjustment of municipal indebtedness.  Nothing  contained   in  this  title shall be construed to limit the authorization granted by   this  section.    However,  no  municipality  shall  file  any  petition   authorized  by  this  section  for  so  long as its local ARRA bonds, as   defined  in  section  twenty-four  hundred  thirty-two  of  the   public   authorities  law, purchased by the state of New York municipal bond bank   agency and secured by  its  pledge  of  tax  revenues  pursuant  to  the   authority  of  section  twenty-four  hundred  thirty-six-b of the public   authorities law remain outstanding.
NY Loc Fin L § 85.90 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay 85.90 - Judicial Review.

§  85.90  Judicial  review.    If  any  repayment plan or amendment or   modification thereof proposed pursuant to this title is disapproved,  or   if any stay is vacated or modified or an extension thereof is denied, or   if  any other order pursuant to this title is entered by the court which   is adverse to the municipality or its financial emergency control board,   the municipality or its financial emergency control board shall  have  a   direct  appeal  as  of  right  to the appellate division in the judicial   department in which the court is located and, thereafter, if  necessary,   to  the  court  of  appeals  of  this  state, and such appeal shall have   preference over all causes in all courts. Service upon the adverse party   of a notice of appeal shall stay the effect of  the  judgment  or  order   appealed  from, and shall stay all actions, special proceedings or other   acts within the scope of  section  85.30  of  this  title,  pending  the   hearing and determination of the appeals.
NY Loc Fin L § 93.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 7 - Refunding of Bonds and Capital Notes 93.00 - Refunding of Urban Renewal Notes.

§  93.00  Refunding of urban renewal notes.  a. To the extent that the   moneys in anticipation of the receipt of which an urban renewal note  or   notes have been issued pursuant to section 25.10 of this chapter are not   received  by  a municipality or are not received in an amount sufficient   to redeem such notes in full, such notes may be refunded by the issuance   of serial bonds pursuant to this section.b. It is hereby determined that the period of probable  usefulness  of   the  object  or  purpose  for which bonds may be issued pursuant to this   section is the same as the period of probable  usefulness  specified  in   subdivision forty-one-a of paragraph a of section 11.00 of this chapter.   The  last  installment  of  bonds  issued pursuant to this section shall   mature not later than the expiration of the maximum period  of  probable   usefulness  of  such  object or purpose as computed from the date of the   first urban renewal note or notes so issued. Such period shall  be  that   which  was in effect at the time the first urban renewal note was issued   unless such period has been subsequently shortened, in which  event  the   shorter  period in effect at the time of the issuance of the bonds shall   apply.c. Bonds issued pursuant to this section shall not  be  designated  as   refunding  bonds  but  shall  contain  a  recital  that  they are issued   pursuant to this section. The provisions of this chapter, including  but   not  limited  to sections 33.10, 34.00, 35.00 and 36.00, relating to the   authorization, form and content, sale, execution and issuance of  serial   bonds,  other  than bonds issued pursuant to sections 90.00 and 91.00 of   this chapter, shall apply to the authorization, form and content,  sale,   execution  and  issuance  of such bonds issued pursuant to this section.   The bond resolution shall contain a description  of  the  urban  renewal   note or notes to be refunded in whole or in part.d.  In  the  event that a municipality, after the issuance pursuant to   this section of any bonds to refund any outstanding urban  renewal  note   or  notes,  shall  receive  or collect any moneys in anticipation of the   receipt of which such urban renewal note  or  notes  were  issued,  such   moneys  shall be set aside in a special bank account to be used only for   the payment of the principal of and interest on such bonds.
NY Loc Fin L § 100.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 8 - Limitations on the Power to Contract Indebtedness 100.00 - Requirement of Pledge of Faith and Credit.

§   100.00   Requirement  of  pledge  of  faith  and  credit.    Every   municipality, school district and district corporation shall pledge  its   faith and credit for the payment of all indebtedness contracted by it.
NY Loc Fin L § 103.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 8 - Limitations on the Power to Contract Indebtedness 103.00 - Limitation on the Power of Cities and Villages to Authorize Certain Obligations.

§  103.00  Limitation on the power of cities and villages to authorize   certain obligations.   a. If in  any  city  or  village,  prior  to  the   effective  date  of this chapter, a water board, public utility board or   other  agency,  (other  than  the  council,  common  council,  board  of   aldermen,  board of estimate, board of estimate and apportionment, board   of estimate and contract, board of  trustees  of  a  village,  board  of   education  or board of trustees of a school district, or governing board   of a public authority or  district)  had  the  power  to  authorize  the   issuance  of  obligations  or  to  request  the finance board or similar   appropriate agency of the city or village to issue  obligations  for  an   object  or  purpose,  the  finance  board  of  such  city or village may   thereafter authorize the issuance of obligations for such an  object  or   purpose only upon the recommendation of such agency.
NY Loc Fin L § 105.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 8 - Limitations on the Power to Contract Indebtedness 105.00 - Exclusion of Indebtedness for Certain Assessable Improvements; Buffalo, Rochester and Syracuse.

§   105.00   Exclusion   of   indebtedness   for   certain  assessable   improvements; Buffalo, Rochester and  Syracuse.    In  ascertaining  the   power  of  the  cities  of  Buffalo,  Rochester and Syracuse to contract   indebtedness,  there  may  be  excluded  the  outstanding   indebtedness   contracted by each of such cities for so much of the cost and expense of   any  public improvement as may be required by the ordinance or local law   assessing the same to be raised by assessment  upon  local  property  or   territory,  to  the  extent  that such outstanding indebtedness together   with other indebtedness initially contracted therefor from time to  time   after  January  first,  nineteen hundred twenty-eight and since retired,   aggregates, in the case of the cities of Buffalo and  Rochester,  a  sum   not  exceeding  ten  million  dollars,  and  in  the case of the city of   Syracuse, a sum not exceeding five  million  dollars.  Any  indebtedness   thereafter contracted for such purposes in excess of such sums shall not   be  so  excluded.  Nothing in this section shall be construed to prevent   the exclusion of any refunded indebtedness if the indebtedness  refunded   could have been excluded pursuant to this section.
NY Loc Fin L § 106.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 8 - Limitations on the Power to Contract Indebtedness 106.00 - When Debt-Contracting Power of Certain Counties and Towns Shall Cease.

§  106.00  When  debt-contracting  power of certain counties and towns   shall cease.  a. Whenever the boundaries of any city  are  the  same  as   those  of a county, or when any city includes within its boundaries more   than one county, the power of any county  wholly  included  within  such   city to contract indebtedness shall cease.b.  Whenever  the boundaries of any village are the same as those of a   town, or when any village includes within its  boundaries  a  town,  the   power  of  any  town  wholly  included  within  such village to contract   indebtedness shall cease.
NY Loc Fin L § 108.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 8 - Limitations on the Power to Contract Indebtedness 108.00 - Financing of Safety Net Assistance on a Pay-as-You-Go Basis.

§ 108.00 Financing of safety net assistance on  a pay-as-you-go basis.   In  the  fiscal  year  of  a  county, city or town commencing during the   calendar year nineteen hundred forty-four, and in each succeeding fiscal   year, the total amount of the local share of safety  net  assistance  of   such  a  municipality  shall  be  financed  from  moneys  other than the   proceeds of bonds, capital notes or budget notes. If in such fiscal year   or the fiscal years succeeding, a supplemental appropriation is made for   safety net assistance, the total amount of the local share thereof shall   be financed by the issuance of budget notes or from moneys derived  from   sources other than the proceeds of bonds or capital notes.
NY Loc Fin L § 109.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 8 - Limitations on the Power to Contract Indebtedness 109.00 - Filing of Debt Statement Required.

§  109.00 Filing of debt statement required.  a. Not more than fifteen   nor less than three days before any municipality, fire district, or  any   school  district  having an aggregate assessed valuation of taxable real   property of one hundred thousand dollars or more, sells any bonds  which   are  required  to  be  sold at public sale, it shall file with the state   comptroller a verified statement of its debt-contracting power  prepared   as  of a date not more than thirty days previous to the date of the sale   of such bonds, except that in a city containing more than one county the   statement of its debt-contracting power shall be prepared as of  a  date   not more than sixty days previous to the date of the sale of such bonds.   The  statement  shall show the amount of obligations proposed to be sold   at such sale. A duplicate copy of every such  debt  statement  shall  be   filed  in  the  same  respective  periods  of  time  with  the  clerk or   corresponding officer of such  municipality,  fire  district  or  school   district.  In  the  case of a city containing more than one county, such   statements in addition to being filed with the city clerk shall also  be   filed  in the same respective periods of time in the office of the chief   fiscal officer thereof.  Debt statements and duplicates  thereof,  filed   pursuant to this section, shall be public records.b. Such statements shall be prepared in the manner prescribed in title   ten  of  article  two  of  this  chapter. Any error, defect, omission or   inaccuracy in any such statement, or in the manner of its  execution  or   filing,  shall  not  affect  the  validity  of  any  obligations  of any   municipality, school district or fire district.
NY Loc Fin L § 121.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 9 - Procedures Relating to the Ascertainment of Amounts to Be Included or Excluded in Ascertaining Debt-Contracting Power 121.00 - Indebtedness of School Districts Merged With or Annexed to a School District in a City; Amount Thereof to Be Included as Indebtedness of Such School D

§  121.00 Indebtedness of school districts merged with or annexed to a   school district in a city; amount thereof to be included as indebtedness   of such school district.  In ascertaining the power of a school district   in a city to contract indebtedness the following indebtedness  shall  be   included as indebtedness of such school district:1.  The  amount  of outstanding indebtedness of school districts which   merged to form such school district, whether or not any of  such  merged   school districts, prior to such merger, was a school district in a city,   and  whether  or not any of such merged school districts still exist for   the purpose of paying off its indebtedness or distributing its property.2. The amount of outstanding indebtedness of any school district which   was annexed to such school district, whether or not such annexed  school   district  prior to such annexation, was a school district in a city, and   whether or not such annexed school district still exists for the purpose   of paying off its indebtedness or distributing its property.3.  The  appropriate  proportion  of   the   amount   of   outstanding   indebtedness  of  any  school district part of which was annexed to such   school district, whether or not such partially annexed  school  district   was  a  school  district  in  a city. Such appropriate proportion of the   amount  of  such  outstanding  indebtedness  shall  be  ascertained   by   multiplying  the  total  amount  of such outstanding indebtedness by the   ratio or percentage, as of the time of the  annexation,  that  the  full   valuation of the portion of the school district annexed bore to the full   valuation  of the whole of such partially annexed district as it existed   prior to such annexation.
NY Loc Fin L § 121.10 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 9 - Procedures Relating to the Ascertainment of Amounts to Be Included or Excluded in Ascertaining Debt-Contracting Power 121.10 - Indebtedness of School Districts Merged With or Annexed to a School District Outside of a City.

§  121.10 Indebtedness of school districts merged with or annexed to a   school district outside of a city.  a. In ascertaining the  power  of  a   school  district, other than a school district in a city, to issue bonds   or bond anticipation notes, there shall be included the amount of bonded   indebtedness of a merged or annexed school district as follows:1. The amount of outstanding bonds  and  bond  anticipation  notes  of   school  districts  which merged to form such school district, whether or   not any of such merged school districts, prior to such  merger,  had  an   aggregate  assessed  valuation  of one hundred thousand dollars or more,   and whether or not any of such merged school districts still  exist  for   the purpose of paying off its indebtedness or distributing its property.2.  The amount of outstanding bonds and bond anticipation notes of any   school district which was annexed to such school  district,  whether  or   not  such  annexed  school  district,  prior  to such annexation, had an   aggregate assessed valuation of one hundred thousand  dollars  or  more,   and  whether  or  not  such annexed school district still exists for the   purpose of paying off its indebtedness or distributing its property.3. The appropriate proportion of the amount of outstanding  bonds  and   bond anticipation notes of any school district part of which was annexed   to such school district, whether or not the aggregate assessed valuation   of such partially annexed school district, prior to such annexation, was   one hundred thousand dollars or more. Such appropriate proportion of the   amount  of  such  outstanding bonds and bond anticipation notes shall be   ascertained by multiplying the total amount of  such  outstanding  bonds   and  bond  anticipation notes by the ratio or percentage, as of the time   of the annexation, that the average assessed valuation of the portion of   the school district annexed bore to the average  assessed  valuation  of   the whole of such partially annexed district as it existed prior to such   annexation.