2023 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.