NY Loc Fin L § 81.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 6 - Local Obligations: Estoppel From Contesting Validity Thereof 81.00 - Bond Resolution, or Note Resolution or Certificate, Containing Estoppel Clause; Publication and Notice.

§ 81.00 Bond resolution, or note resolution or certificate, containing estoppel clause; publication and notice. a. If a resolution of a finance board authorizing the issuance of bonds or notes or the certificate of a chief  fiscal  officer  authorizing  the  issuance of notes contains the statement referred to in section 80.00 of this chapter, such  resolution after  adoption,  or  a  summary of such resolution, or such certificate after its execution and filing, shall be published in full by the  clerk of  the  municipality,  school  district or district corporation or such other official or person as the finance board or such fiscal officer may designate, together with a notice in substantially the following form:   "The resolution  (or  the  resolution  a  summary  of  which  is)  (or certificate)  published  herewith  has  been  adopted (or authorized) on the    day of    , 19  , and the validity of the obligations  authorized by  such  resolution (or certificate) may be hereafter contested only if such obligations were authorized for an object or purpose for which  the (Here   insert   name  of  municipality,  school  district  or  district corporation) is not authorized to expend money or if the  provisions  of law  which  should have been complied with as of the date of publication of this notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within  twenty  days after  the  date of publication of this notice, or such obligations were authorized in violation of the provisions of the constitution. ........................................................................Clerk or other official or person designated by the finance board or                          chief fiscal officer)"   If a summary of such resolution  is  published  as  provided  in  this section,  such  summary  shall  list  the class or classes of objects or purposes for which the obligations to be authorized by  such  resolution are  to  be  issued  together  with  the  period  or periods of probable usefulness and the amount of obligations to  be  issued  for  each  such class  of objects or purposes, and in addition, such summary shall state an office of the municipality, school district or  district  corporation where  the  resolution  summarized thereby shall be available for public inspection.  Such  resolution  shall  be  kept  available   for   public inspection  at  such office during normal business hours for twenty days following the publication of such summary as provided in this title.   b. However, if such resolution is subject to a mandatory or permissive referendum, or is submitted to a referendum by the finance board on  its own  motion,  such  resolution or summary thereof shall not be published together with such notice until it shall have been approved  at  such  a referendum  or,  in  the  case  of  a resolution subject to a permissive referendum, until  the  period  of  time  shall  have  elapsed  for  the submission  and  filing  of a petition for a permissive referendum and a valid petition shall not have been submitted and filed, and such  notice shall  state that such resolution has been approved at such a referendum or, in the case of a resolution subject to a permissive referendum, that the period of time has elapsed  for  the  submission  and  filing  of  a petition  for  a permissive referendum and a valid petition has not been submitted and filed, as the case may be.   c. If any bond resolution or capital note resolution does not  contain a  determination  of  the  period of probable usefulness of the specific object or purpose or  class  of  objects  or  purposes  for  which  such resolution  authorizes  the  issuance  of  obligations,  there  shall be published, together with such resolution or summary thereof and  notice, the  certificate  of  the  appropriate  body or official containing such determination.   d. Such publication as shall be required by this section shall  be  in the  official  newspaper  or  newspapers  of  the  municipality,  school  district or district corporation or if there be  no  such  newspaper  or newspapers,  then  in  such  newspaper  or  newspapers  having a general circulation in the municipality, school district or district corporation as the finance board shall designate.