2023 New York Laws › LFN - Local Finance › Article 3 - Effect of Chapter; Saving Clauses; Laws Repealed; When to Take Effect › 172.00 - Authorizations Continued.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.