NY Loc Fin L § 172.00 (2021)
2021 New York Laws LFN - Local Finance Article 3 - Effect of Chapter; Saving Clauses; Laws Repealed; When to Take Effect 172.00 - Authorizations Continued.

§  172.00 Authorizations continued.  a. Any authorization adopted by a   municipality, school district  or  district  corporation  prior  to  the   effective date of this chapter for an object or purpose for which bonds,   notes,  certificates or other evidences of indebtedness are to be issued   shall not lapse or terminate or be otherwise affected by reason  of  any   of   the   provisions  contained  in  this  chapter  and  bonds,  notes,   certificates or other evidences of indebtedness may be authorized,  sold   or  issued  to  finance  such  object  or purpose in accordance with the   provisions of law in force prior to the effective date of this  chapter,   or  in  accordance with the provisions of this chapter. Such obligations   may be renewed in accordance with the provisions of law in  force  prior   to  the  effective  date  of  this  chapter,  or  in accordance with the   provisions of this chapter.b. Any authorization adopted by a  municipality,  school  district  or   district corporation prior to the effective date of this chapter for the   issuance   of   bonds,   notes,   certificates  or  other  evidences  of   indebtedness or for the  disposition  or  expenditure  of  the  proceeds   thereof, shall not lapse or terminate or be otherwise affected by reason   of  any of the provisions of this chapter and bonds, notes, certificates   or other evidences of indebtedness authorized to  be  issued  thereunder   may  be authorized, sold, issued or renewed and the proceeds thereof may   be disposed of or expended in accordance with the provisions of  law  in   force prior to the effective date of this chapter, or in accordance with   the provisions of this chapter.c.  Any  municipality, school district or district corporation instead   of issuing tax anticipation  notes  or  revenue  anticipation  notes  in   accordance  with  the provisions of this chapter may issue bonds, notes,   certificates or other evidences of indebtedness, in accordance with  the   provisions  of law in force prior to the effective date of this chapter,   in  anticipation  of  the  collection  of  (1)  real  estate  taxes   or   assessments  levied  for  a  fiscal  year  which  commenced prior to the   effective date of this chapter and will end subsequent thereto and prior   to the expiration of one year from the effective date of  this  chapter,   (2)  real estate taxes returned or certified during such fiscal year, or   (3) taxes other than real estate taxes, or other revenues to become  due   during  such fiscal year. Such obligations, and obligations issued prior   to the effective date of this chapter, in anticipation of the collection   of real estate taxes, assessments, taxes other than real  estate  taxes,   or  other  revenues, may be renewed from time to time in accordance with   the provisions of law in force prior  to  the  effective  date  of  this   chapter, or in accordance with the provisions of this chapter.d.  If  a  municipality,  fire  district  or school district having an   aggregate assessed valuation of real property of  one  hundred  thousand   dollars  or over, sells bonds in accordance with the provisions of a law   other than this chapter as provided in paragraph a,  b  and  c  of  this   section,  and  if  such bonds are required to be sold at public sale, it   shall comply with the provisions of section 109.00 of this chapter as to   the filing of a verified debt statement.