reglab/housing_qa huggingface dataset:
NY Loc Fin L § 51.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 51.00 - Terms, Form and Contents of Obligations.

§  51.00  Terms, form and contents of obligations. Every bond and note   shall contain a statement of at least the following:1. The type of obligation.2. The amount of the obligation and the total amount of the  issue  of   which the obligation is a part.3. The date and maturity of the obligation.4.  If  the  obligation  is  a  tax  anticipation  note  or  a revenue   anticipation note, the fiscal year for which the taxes  were  levied  or   are to be levied or in which the revenues are to become due and payable,   as  the  case may be; if the obligation is a tax anticipation note to be   issued in anticipation of the levy or collection of  assessments  for  a   fiscal year or in anticipation of the collection of an installment of an   assessment  for  a  capital  improvement, the fiscal year for which such   assessments were levied or are to be levied or in which such installment   becomes due, as the case may be.* 5. The rate of interest or, in the case  of  obligations  bearing  a   variable  rate  of interest, the procedure for calculating such variable   rate of interest and the maximum rate of interest  which  such  variable   rate notes may bear, together with the date or dates of payment thereof.* NB Effective until July 15, 2024* 5. The rate of interest and the date or dates of payment thereof.* NB Effective July 15, 20246. The place or places of payment of principal and interest.7. The medium of payment.8.  An irrevocable pledge of the faith and credit of the municipality,   school district or district corporation issuing the obligation  for  the   payment thereof.9. If the obligation is payable to bearer, whether it may be converted   into  a  registered obligation; if the obligation is in registered form,   whether it may be converted into a bearer obligation.10. If the obligation may be called for redemption prior to  its  date   of maturity, the terms and conditions under which such obligation may be   redeemed.
NY Loc Fin L § 52.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 52.00 - Recital of Validity in Obligations.

§ 52.00 Recital of validity in obligations. Any obligation issued by a   municipality, school district or district corporation may contain on its   face a recital in substantially the following form:"It  is  hereby  certified  and  recited that all conditions, acts and   things required by the Constitution and statutes of  the  State  of  New   York  to exist, to have happened and to have been performed precedent to   and in the issuance of this (Here insert  type  of  obligation),  exist,   have  happened  and  have  been  performed,  and that the issue of (Here   insert type of obligations) of which this  is  one,  together  with  all   other  indebtedness  of  such  (Here insert name of municipality, school   district or district corporation) is within every debt and  other  limit   prescribed by the Constitution and laws of such State."
NY Loc Fin L § 54.20 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 54.20 - Funding of Capital Expenditures Duly Appropriated in the Capital Budget for the City of New York.

§  54.20  Funding  of  capital  expenditures  duly appropriated in the   capital budget for the city of New York. Subject to  the  provisions  of   the  New York State Financial Emergency Act for The City of New York but   notwithstanding any other law to the contrary, to facilitate the funding   of capital expenditures duly appropriated in the capital budget for  the   city  of  New  York,  the  finance board of such city shall establish an   account or accounts to receive amounts  duly  appropriated  for  capital   purposes  in  the  expense  budget of such city. Any payment pursuant to   such an expense budget appropriation shall be made prior  to  completion   of  the  annual audit of the fiscal year in which such appropriation was   made. At its discretion, the finance board  of  such  city  shall  apply   amounts  from any such account to capital expenditures duly appropriated   in the capital budget of such city.The moneys in any such account shall be deposited and secured  in  the   manner provided by section ten of the general municipal law. The finance   board  or  the chief fiscal officer of such municipality, if the finance   board shall delegate such duty to him, may invest  the  moneys  in  each   such  fund  in  the  manner  provided  in  section eleven of the general   municipal law. Any interest earned or  capital  gains  realized  on  the   moneys  so deposited or invested shall accrue to and become part of such   account. The separate identity of  such  account  shall  be  maintained,   whether its assets consist of cash or investments or both.
NY Loc Fin L § 54.30 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 54.30 - Costs of Sales; Bonds and Notes of the City of Buffalo.

§  54.30  Costs  of  sales;  bonds  and  notes of the city of Buffalo.   Subject to the provisions of chapter one hundred twenty-two of the  laws   of  two  thousand three creating the Buffalo fiscal stability authority,   to facilitate the marketing of any issue of serial bonds or notes of the   city of Buffalo  issued  on  or  before  June  thirtieth,  two  thousand   twenty-two,  such  city  may, notwithstanding any limitations on private   sales of bonds provided by law, and subject to  approval  by  the  state   comptroller  of  the  terms and conditions of such sale: (a) arrange for   the  underwriting  of  its  bonds  or  notes  at  private  sale  through   negotiated  agreement, compensation for such underwriting to be provided   by negotiated fee or by sale of such bonds or notes to an underwriter at   a price of less than the sum of par value of, and the  accrued  interest   on,  such  obligations; or (b) arrange for the private sale of its bonds   or notes through negotiated agreement, compensation for such sales to be   provided by negotiated fee, if required. The cost of  such  underwriting   or  private placement shall be deemed a preliminary cost for purposes of   section 11.00 of this article.
NY Loc Fin L § 54.40 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 54.40 - Bonds and Notes of the City of Yonkers.

§  54.40  Bonds  and  notes  of  the  city  of Yonkers. Subject to the   provisions of the New York state financial  emergency  act  of  nineteen   hundred eighty-four for the city of Yonkers, to facilitate the marketing   of  any  issue of serial bonds or notes of the city of Yonkers issued on   or before June  thirtieth,  two  thousand  twenty-two,  such  city  may,   notwithstanding  any  limitations  on private sales of bonds provided by   law, and subject to approval by the state comptroller of the  terms  and   conditions  of  such sale: (a) arrange for the underwriting of its bonds   or notes at private sale through negotiated agreement, compensation  for   such  underwriting  to  be provided by negotiated fee or by sale of such   bonds or notes to an underwriter at a price of less than the sum of  par   value  of, and the accrued interest on, such obligations; or (b) arrange   for the private sale of its bonds or notes through negotiated agreement,   compensation for such  sales  to  be  provided  by  negotiated  fee,  if   required.  The  cost  of such underwriting or private placement shall be   deemed a preliminary cost for purposes of section 11.00 of this article.
NY Loc Fin L § 54.50 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 54.50 - Costs of Sales; County of Erie.

§ 54.50 Costs of sales; county of Erie. To facilitate the marketing of   any  issue  of  serial bonds or notes of the county of Erie issued on or   before  June  thirtieth,  two  thousand  twenty-two  such  county   may,   notwithstanding  any  limitations  on private sales of bonds provided by   law, and subject to approval by the state comptroller of the  terms  and   conditions of such sale:a.  arrange for the underwriting of its bonds or notes at private sale   through negotiated agreement, compensation for such underwriting  to  be   provided  by  negotiated  fee  or  by  sale of such bonds or notes to an   underwriter at a price less than the  sum  of  par  value  of,  and  the   accrued interest on, such obligations; orb.  arrange  for  the  private  sale  of  its  bonds  or notes through   negotiated agreement, compensation for such  sales  to  be  provided  by   negotiated  fee,  if  required. The cost of such underwriting or private   placement shall be deemed a preliminary cost  for  purposes  of  section   11.00 of this chapter.
NY Loc Fin L § 54.60 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 54.60 - Cost of Sales; City of Utica.

§  54.60 Cost of sales; city of Utica.  To facilitate the marketing of   any issue of serial bonds of the city of Utica issued on or before March   thirty-first,   nineteen   hundred   eighty-eight,   such   city    may,   notwithstanding  any  limitations  on private sales of bonds provided by   law, and subject to approval by the state comptroller of the  terms  and   conditions of such sale:a.  arrange  for the underwriting of its bonds at private sale through   negotiated agreement, compensation for such underwriting to be  provided   by  negotiated fee or by sale of such bonds to an underwriter at a price   of par value or at a discount not to exceed two percent, and the accrued   interest on such obligations; orb. arrange for the  private  sale  of  its  bonds  through  negotiated   agreement, compensation for such sales to be provided by negotiated fee,   if required. The cost of such underwriting or private placement shall be   deemed a preliminary cost for purposes of section 11.00 of this chapter.
NY Loc Fin L § 54.70 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 54.70 - Cost of Sales; City of Niagara Falls, Niagara County.

§  54.70  Cost  of  sales;  city  of Niagara Falls, Niagara county. To   facilitate the marketing of any issue of bonds of the  city  of  Niagara   Falls,  Niagara  county,  issued  on  or before June thirtieth, nineteen   hundred ninety-nine, such city may, notwithstanding any  limitations  on   private  sales  of  bonds provided by law and subject to approval by the   state comptroller of the terms and conditions of such sale:a. arrange for the underwriting of its bonds at private  sale  through   negotiated  agreement, compensation for such underwriting to be provided   by negotiated fee or by sale of such bonds to an underwriter at a  price   less  than  the  sum  of par value of, and the accrued interest on, such   bonds; orb. arrange for the  private  sale  of  its  bonds  through  negotiated   agreement,  compensation for such sale to be provided by negotiated fee,   if required.The cost of any such underwriting or private placement shall be deemed   a preliminary cost for purposes of section 11.00 of this article.
NY Loc Fin L § 54.80 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 54.80 - Cost of Sales; City of Lackawanna.

§  54.80  Cost  of  sales;  city  of  Lackawanna.    To facilitate the   marketing of any issue  of  serial  bonds  of  the  city  of  Lackawanna   authorized  to  be  issued pursuant to section two of the chapter of the   laws of nineteen hundred ninety which enacted this section,  issued  for   the  purposes  of  complying  with a court ordered assessment reduction,   such city may, on or before March first,  nineteen  hundred  ninety-one,   notwithstanding  any  limitations  on private sales of bonds provided by   law, and subject to approval by the state comptroller of the  terms  and   conditions of such sales:a.  arrange  for the underwriting of its bonds at private sale through   negotiated agreement, compensation for services rendered  in  connection   with  such  underwriting  to be provided by negotiated fee or by sale of   such bonds to an underwriter at a price of less  than  the  sum  of  par   value of, and the accrued interest on, such obligations; orb.  arrange  for  the  private  sale  of  its bonds through negotiated   agreement, compensation for services rendered in  connection  with  such   sales  to  be  provided  by negotiated fee or by sale of such bonds at a   price of less than the sum of par value of,  and  accrued  interest  on,   such  obligations.  The  cost  of such underwriting or private placement   shall be deemed a preliminary cost for purposes of section 11.00 of this   chapter.
NY Loc Fin L § 54.85 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 54.85 - Bonds and Notes of the City of Troy.

§  54.85.  Bonds  and  notes  of  the  city of Troy. To facilitate the   marketing of any issue of serial bonds or notes  of  the  city  of  Troy   issued  on or before December thirty-first, nineteen hundred ninety-nine   such city may, notwithstanding any limitations on private sales of bonds   provided by law, and subject to approval by the state comptroller of the   terms and conditions of such sale (a) arrange for  the  underwriting  of   its  bonds  or  notes  at  private  sale  through  negotiated agreement,   compensation for such underwriting to be provided by negotiated  fee  or   by sale of such bonds or notes to an underwriter at a price of less than   the  sum  of  par value of, and accrued interest on, such obligation; or   (b) arrange  for  the  private  sale  of  its  bonds  or  notes  through   negotiated  agreement,  compensation  for  such  sales to be provided by   negotiated fee, if required. The cost of such  underwriting  or  private   placement  shall  be  deemed  a preliminary cost for purposes of section   11.00 of this chapter. Bonds or notes of the city of Troy  may  also  be   sold  at  private  sale  to the municipal assistance corporation for the   city of Troy.
NY Loc Fin L § 55.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 55.00 - Bearer and Registered Obligations.

§  55.00 Bearer and registered obligations.  a. The agency prescribing   the terms, form and contents of bonds shall provide for the issuance  of   bonds in either or both of the following forms:1.  Bonds  payable  to bearer with coupons attached for the payment of   interest to bearer, and such bonds may provide for their conversion into   bonds registered as to both principal and interest and not otherwise.2. Bonds in registered form, and such  bonds  may  provide  for  their   conversion into coupon bonds.b.  The agency prescribing the terms, form and contents of notes shall   provide for the issuance of notes in either or  both  of  the  following   forms:1.  Notes  payable  to  bearer,  with  interest payable to bearer upon   presentation for notation of such payment thereon if periodic payment of   such interest is authorized,  and  such  notes  may  provide  for  their   conversion  into  notes registered as to both principal and interest and   not otherwise.2. Notes in registered form, and such  notes  may  provide  for  their   conversion into notes payable to bearer.
NY Loc Fin L § 55.10 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 55.10 - Endorsements of Principal Payments on Bonds and Notes.

§ 55.10. Endorsements of principal payments on bonds and notes. A bond   or  note  shall  not  provide  for the notation of payments of principal   thereon. Only one bond or note shall be set forth in a single instrument   and such bond or note, when paid, shall be surrendered for  cancellation   or destruction in the manner provided in this chapter.
NY Loc Fin L § 56.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 56.00 - Agency Selling and Issuing Obligations.

§  56.00 Agency selling and issuing obligations.  a. The finance board   shall be vested with the powers and duties prescribed in sections 21.00,   57.00, 58.00, 59.00, 60.00, 62.00 and 63.00 of  this  chapter,  and  any   other powers or duties pertaining or incidental to the sale and issuance   of  obligations.  However, the finance board of any municipality, school   district or district corporation may, by  resolution,  delegate  all  or   part  of  such  powers and duties to the chief fiscal officer or, in the   case of school districts, to the clerk of the  school  board,  in  which   event  such  chief  fiscal  officer or clerk of the school board, as the   case may be, shall exercise such powers and perform  such  duties  until   the finance board shall, by resolution, elect to reassume the same.b. In such instances in which the chief fiscal officer or clerk of the   school  board,  as  the  case may be, exercises such powers and performs   such duties, the same shall be exercised or performed  subject  to  such   terms  and  conditions,  not  inconsistent  with  the provisions of this   chapter, as the finance board may prescribe.c. In the case of river improvement or drainage districts  established   by  or  under  the  supervision  of  the  conservation  department,  the   provisions of this  chapter  shall  be  followed,  but  the  obligations   authorized  and prescribed by the finance board shall be sold and issued   by the state comptroller.
NY Loc Fin L § 57.10 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 57.10 - Guidelines for Sale of Bonds and Notes on a Negotiated Basis.

* §  57.10  Guidelines  for  sale  of  bonds and notes on a negotiated   basis.  The state comptroller shall promulgate rules in conformance with   the state administrative procedure act governing the sale of  bonds  and   notes on a negotiated basis as authorized by sections 54.90 and 57.00 of   this  chapter.  No  bond  or  note  sale  on a negotiated basis shall be   conducted by a municipality, school  district  or  district  corporation   without  prior  approval  of the state comptroller except as provided in   such rules, which shall set forth the  circumstances  under  which  such   approval  shall  not  be  required. The state comptroller shall annually   deliver to the senate finance committee and the assembly ways and  means   committee  a  report  listing  all  such sales conducted in the previous   year, including the name of the issuer and the amount of the  issue  for   each  such  sale.    Such  rules shall be reviewed at least annually and   updated as may be necessary.* NB Repealed July 15, 2024
NY Loc Fin L § 60.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 60.00 - Sale of Notes.

§  60.00  Sale  of  notes.  a.  Notes  may be sold at either public or   private sale, but they shall not be sold on  option  or  on  a  deferred   payment  plan,  except  as authorized by paragraph a of section 57.00 of   this chapter.b. Notes may be sold without limitation as to rate  of  interest,  and   for  a  sum not less than the par value of, and the accrued interest on,   such obligations except as authorized by section 54.10 of this  chapter,   and  bond  anticipation notes of municipalities may be sold to the state   of New York municipal bond bank agency, and in addition by the  city  of   New  York  to  the  municipal assistance corporation for the city of New   York, at such rate or rates of interest as may be  agreed  upon  by  and   between the issuer and either of such agencies.c.  Capital  notes  for  one  or  more specific objects or purposes or   classes of objects or purposes, or a combination thereof, may be sold as   a single capital note issue. Bond anticipation notes  for  one  or  more   specific  objects  or  purposes  or classes of objects or purposes, or a   combination thereof, may be sold as  a  single  bond  anticipation  note   issue.d.  If  notes are sold at public sale the agency in charge of the sale   may specify the procedure therefor or such agency may adopt as  much  of   the  procedure  prescribed  for  the  sale of bonds in sections 57.00 to   59.00, inclusive, of this chapter, as such agency  may  desire.  In  all   such  sales,  however,  the  agency  shall comply with the provisions of   paragraph e of this section. Nothing herein contained shall be construed   to prevent the sale of notes at public auction.e. The state comptroller shall adopt a rule or  order,  which  he  may   amend from time to time, prescribing a procedure for the circularization   of  notices  for the public sale of notes and which shall also prescribe   such data and information as he may deem advisable to  be  contained  in   such  notices.  Such  rule  or order and the amendments thereto shall be   filed in his office and in such other offices as he may designate.
NY Loc Fin L § 61.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 4 - Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof 61.00 - Execution of Obligations.

§  61.00  Execution  of  obligations.    a. All obligations, including   interim bonds, shall be executed in the name of the municipality, school   district or district corporation by the chief fiscal officer unless  the   finance  board  shall,  by  resolution, designate a different officer or   officers to  execute  such  obligations.    Such  execution  may  be  by   facsimile  signature, in which event the finance board shall provide for   authentication of such obligation by the manual  countersignature  of  a   fiscal  agent  or  of  a designated official of the municipality, school   district or district corporation. Such obligations shall have  the  seal   or  a  facsimile  seal  of the municipality, school district or district   corporation impressed or imprinted  thereon.  Such  obligations  may  be   attested  by  the  facsimile  or  manual  signature of the clerk of such   municipality, school district or  district  corporation  or  such  other   official  thereof  as  may  be  designated by the finance board. Coupons   attached to a bond shall be authenticated by  the  facsimile  or  manual   signature of the chief fiscal officer unless the finance board shall, by   resolution,  provide  that  such  coupons  shall be authenticated by the   facsimile or manual signature of a different officer.b. Obligations executed in the manner set forth above by the officials   designated and referred to above shall be valid and binding  obligations   when  duly  delivered, notwithstanding the fact that before the delivery   thereof the persons executing the same shall have ceased to be officials   or other officials may have been designated to perform such functions.