reglab/statecodes huggingface dataset:
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 6 - Local Obligations: Estoppel From Contesting Validity Thereof › 83.00 - Contesting of Validity of Obligations; Substantial Compliance.

§ 83.00 Contesting of validity of obligations; substantial compliance.
  a.  If  an  action,  suit  or  proceeding contesting the validity of the
  obligations authorized by such resolution or  certificate  is  commenced
  within  twenty  days  from  the  date of publication of such resolution,
  summary of such resolution or certificate together with such notice, the
  court in which such  action,  suit  or  proceeding  is  commenced  shall
  determine  whether or not such obligations were authorized for an object
  or purpose for which  the  municipality,  school  district  or  district
  corporation is authorized to expend money or the provisions of law which
  should have been complied with were substantially complied with.
b.  The  court  may  determine that the provisions of law which should
  have been complied with were substantially complied with if:
1. They authorized the aggregate amount of obligations  authorized  by
  such resolution or certificate.
2.  Such  resolution  was  adopted by the required vote of the finance
  board or such certificate was duly made by such chief fiscal officer.
3. Such resolution or the proposition for the expenditure of money for
  the object or purpose for which such resolution authorizes the  issuance
  of  obligations,  as  the  case  may  be, was adopted at the election or
  meeting, if any, to which it was submitted.
c.  Such  determination  may  be  arrived   at   notwithstanding   any
  irregularity or failure to observe a technicality in:
1. The form of such proposition, resolution or certificate.
2.  The notice of the election or meeting to which such proposition or
  resolution was submitted or of the meeting at which  the  finance  board
  adopted such resolution.
3. The time or manner of the service or publication of such notice.
4.  The  conduct  of  the  election, meeting or meetings at which such
  proposition or resolution was adopted.
5. The submission of such proposition more than once within  one  year
  or other shorter period than authorized by law.
6. Like matters in such proceedings.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 6 - Local Obligations: Estoppel From Contesting Validity Thereof › 84.00 - Effect of Recital of Validity in Obligations.

§  84.00  Effect  of  recital  of  validity  in  obligations.   If the
  obligations issued pursuant to a resolution or certificate published  in
  the manner provided in this title contain a recital in substantially the
  form  prescribed  in  section  52.00 of this chapter, such recital shall
  bind the municipality, school district or district  corporation  issuing
  such  obligations,  and twenty days after such resolution or certificate
  shall have been published and after such obligations have been purchased
  in good faith and for fair value by any person,  the  validity  of  such
  obligations  shall  not  be  questioned  by  such  municipality,  school
  district or district corporation or any taxpayer thereof in any court.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay › 85.00 - Limitation of Provisions; Emergency Period.

§  85.00 Limitation of provisions; emergency period.  No provisions of
  this title, other than section 85.80, shall be applicable to the city of
  New York.  The provisions of this title shall be applicable (a) only  to
  a  municipality , other than the city of New York, with respect to which
  the legislature has declared that a state of financial emergency exists,
  and (b) only during such emergency period as may  be  specified  by  the
  legislature  for  any  municipality,  other  than the city of New York,;
  provided, however, that the provisions of section 85.80  of  this  title
  shall  apply to any municipality, including the city of New York, at any
  time. As used in this  title,  the  term  "emergency  financial  control
  board"  shall  mean  any  such  board  established  by state law for the
  municipality, and the term "covered organization" shall  mean  any  such
  organization  as  defined in the act declaring that a state of financial
  emergency exists for such municipality.  Nothing contained in this title
  shall be construed to limit or  stay  any  emergency  financial  control
  board  from  doing  any  act  or  commencing or continuing any action or
  special proceeding against or involving the municipality or any  covered
  organization.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay › 85.10 - Notice of Claim.

§  85.10  Notice of claim.   No act shall be done or action or special
  proceeding shall be prosecuted or maintained seeking to apply or enforce
  against the municipality or any covered organization,  or  their  funds,
  property, receivables or revenues, any order, judgment, lien, set-off or
  counterclaim  relating  to  any  contract, debt or obligation, direct or
  indirect, of the municipality, including but not limited  to  any  bond,
  note  or other evidence of indebtedness, or seeking the assessment, levy
  or collection of taxes by or for the municipality or the application  of
  any  funds, property, receivables or revenues of the municipality or any
  covered organization, unless: (a) payment by the municipality or covered
  organization in connection with such contract, debt or obligation is due
  or overdue; and (b) a demand for payment shall have been made and served
  upon the municipality, in compliance with section 85.20 of  this  title,
  and thirty days shall have elapsed since the service of such demand; and
  (c)  any complaint, petition or other moving paper seeking any relief as
  aforesaid shall contain an allegation that at  least  thirty  days  have
  elapsed  since the service of such demand and that adjustment or payment
  has been neglected or refused.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay › 85.20 - Demand for Payment.

§  85.20 Demand for payment. a. In any case where a demand for payment
  is required as a condition precedent to the doing  of  any  act  or  the
  commencement  of  any  action  or special proceeding pursuant to section
  85.10 of this title, the demand shall comply with the provisions of this
  section.
b. The demand shall be in writing, sworn to by or  on  behalf  of  the
  claimant,  and  shall  set forth:(1) the name and post-office address of
  each claimant, and of his attorney, if any; (2) the  contract,  debt  or
  obligation involved; (3) the nature and basis of the claim; (4) the time
  when  the  claim  arose;  (5)  the  items of damage claimed to have been
  sustained so far as then practicable; and (6)  the  nature  of  the  act
  proposed  to  be done or of the action or special proceeding proposed to
  be commenced by the claimant.
c. The demand shall be served on the  municipality  against  whom  the
  claim is made by delivering a copy thereof, in duplicate, personally, or
  by  registered  mail,  to the person, officer, agent, clerk or employee,
  designated by law as a person to whom a summons  in  an  action  in  the
  supreme court issued against such municipality may be delivered.
d.  Anytime after the date of service of the demand for payment and at
  or before the  trial  of  an  action  or  the  hearing  upon  a  special
  proceeding  to  which  the  provisions of this section are applicable, a
  mistake, omission, irregularity or defect made  in  good  faith  in  the
  demand  required  to  be  served  by this section, not pertaining to the
  manner or time  of  service  thereof,  may  be  corrected,  supplied  or
  disregarded,  as  the  case  may  be,  in  the  discretion of the court,
  provided it shall  appear  that  the  other  party  was  not  prejudiced
  thereby.  Application  for such relief, if made before trial or hearing,
  shall be by motion, on affidavits; if made before the action or  special
  proceeding  is  commenced,  shall  be  by motion, on the petition of the
  claimant, or someone on his behalf. Failure to serve more than one  copy
  may be corrected by such motion.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay › 85.40 - Repayment Plan for Municipality; Court Approval; Continuation of Stay.

§  85.40 Repayment plan for municipality; court approval; continuation
  of stay.  Upon the filing of a petition pursuant  to  section  85.30  of
  this title, a repayment plan may be filed by the municipality or, in the
  event  the municipality refuses to file such a plan after request by its
  emergency financial control board or, after such request, fails to  file
  a  plan within forty-five days from the filing of a petition pursuant to
  section 85.30 of this  title,  the  board  may  file  a  repayment  plan
  pursuant to this section on behalf of the municipality.  Upon the filing
  of  such  a  plan, the court shall enter an order approving the plan and
  extending any stay then in effect pursuant  to  section  85.30  of  this
  title  as  against all creditors of the municipality for such additional
  period of time as is required to carry out fully all of  the  terms  and
  provisions  of  the  plan with respect to those creditors who accept the
  plan or any benefits thereunder, if the court finds,  after  a  hearing,
  that:  (a)  the repayment plan provides for the eventual satisfaction of
  all debts and obligations of  the  municipality  affected  thereby;  (b)
  that,  giving  due regard to the financial condition of the municipality
  and to the necessity for the municipality to expend moneys for  services
  and  purposes determined to be necessary as provided in section 85.30 of
  thit title, the  repayment  plan  provides  as  prompt  payment  to  all
  creditors  affected  thereby,  on  a  fair  and  equitable  basis, as is
  practicable in the circumstances; (c) that the repayment plan  preserves
  any  applicable  priorities among creditors or classes of creditors; and
  (d) that the repayment plan was approved by the municipality's emergency
  financial control board. In the event that the court is unable  to  make
  the aforesaid findings as to the repayment plan, it shall enter an order
  disapproving  the plan and vacating the stay then in effect, which order
  shall become effective within ten days from the  entry  thereof  unless,
  prior  thereto,  an amended repayment plan is filed with the court. Upon
  the filing of the first such amended plan, the court shall  extend  and,
  in  its  discretion, upon the filing of any further amended plans it may
  extend the stay then in effect for such additional period of time as  is
  required  to  permit  the  court  to  enter an order containing findings
  pursuant to this section with respect to the amended plan.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay › 85.50 - Termination of Stay.

§  85.50  Termination of stay.  Any order extending a stay pursuant to
  section 85.40 of this title may be vacated or modified if,  upon  motion
  of  any creditor affected thereby, the court finds, after a hearing: (a)
  that the municipality has failed to comply with a material provision  of
  the   repayment  plan;  or  (b)  that,  due  to  a  material  change  in
  circumstances,  the  repayment  plan  no  longer   complies   with   the
  requirements  of section 85.40 of this title. Upon the occurrence of the
  final act necessary to carry out fully all of the terms  and  provisions
  of  the  repayment  plan  with respect to those creditors who accept the
  plan or any benefits thereunder, the court, after a hearing, upon motion
  of any creditor or  of  the  municipality  or  its  emergency  financial
  control board, shall enter an order vacating any stay then in effect and
  permanently  enjoining  any  creditors  who  accepted  the  plan  or any
  benefits thereunder from commencing or continuing any action or  special
  proceeding  or  doing any other act within the scope of section 85.30 of
  this title relating to any contract, debt or obligation included in  the
  plan.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay › 85.60 - Modification of Plan.

§  85.60  Modification of plan.   At any time prior to the entry of an
  order approving or disapproving a repayment  plan  pursuant  to  section
  85.40  of  this  title,  the  municipality,  with  the  approval  of its
  financial emergency control board, or any such board with or without the
  approval of the municipality, may file modifications thereof, subject to
  the power of the court to enter an order prohibiting  the  filing  of  a
  further   modification   if   it  finds,  after  a  hearing,  that  such
  modification or any prior modification or the  repayment  plan  was  not
  filed  in  good  faith.  At any time subsequent to the entry of an order
  approving a repayment plan, any such modifications may only be filed  by
  leave  of the court, after a hearing. Upon the filing at any time of any
  modification of a  repayment  plan,  the  court  shall  hold  a  hearing
  pursuant  to  section  85.40  of  this  title  and  shall enter an order
  continuing or extending such stay as may then be in effect  pursuant  to
  section  85.30 or 85.40 of this title for such additional period of time
  as may be required to permit the court to enter  an  order  pursuant  to
  section 85.40 of this title with respect to the modified plan.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay › 85.70 - Notice to Creditors.

§  85.70  Notice to creditors.  Upon the filing of a petition pursuant
  to section 85.30 of this title, or of a repayment plan or  amendment  or
  modification  thereof  pursuant to section 85.40 or 85.60 of this title,
  or upon the application for, or  the  entry  of,  any  order  extending,
  vacating  or  modifying  a  stay  pursuant  to  this  title,  prompt and
  appropriate notice thereof and of any hearing  in  connection  therewith
  shall  be given, at the expense of the municipality, to all creditors of
  the municipality affected thereby in such form and manner, including  by
  mail or publication or both, as the court may find to be practicable and
  appropriate   in  the  circumstances.  Notice  of  any  other  event  or
  proceeding shall be given as the court may direct, to such  persons,  in
  such  form  and  manner  and  with such provision for the payment of the
  expenses thereof as the court may find to be practicable and appropriate
  in the circumstances.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay › 85.80 - Authority for Municipality or Emergency Financial Control Board to File Petition Under Federal Statute.

§  85.80  Authority  for  municipality  or emergency financial control
  board to file petition under federal  statute.  A  municipality  or  its
  emergency  financial control board in addition to, or in lieu of, filing
  a petition under this title, or the city of New York  or  the  New  York
  state  financial  control  board,  may file any petition with any United
  States district court or court of bankruptcy under any provision of  the
  laws  of  the  United  States,  now  or  hereafter  in  effect,  for the
  composition or adjustment of municipal indebtedness.  Nothing  contained
  in  this  title shall be construed to limit the authorization granted by
  this  section.    However,  no  municipality  shall  file  any  petition
  authorized  by  this  section  for  so  long as its local ARRA bonds, as
  defined  in  section  twenty-four  hundred  thirty-two  of  the   public
  authorities  law, purchased by the state of New York municipal bond bank
  agency and secured by  its  pledge  of  tax  revenues  pursuant  to  the
  authority  of  section  twenty-four  hundred  thirty-six-b of the public
  authorities law remain outstanding.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 6-A - Local Obligations: Financial Emergency; Condition Precedent to Claims; Stay of Claims; Repayment Plan for Municipality; Termination of Stay › 85.90 - Judicial Review.

§  85.90  Judicial  review.    If  any  repayment plan or amendment or
  modification thereof proposed pursuant to this title is disapproved,  or
  if any stay is vacated or modified or an extension thereof is denied, or
  if  any other order pursuant to this title is entered by the court which
  is adverse to the municipality or its financial emergency control board,
  the municipality or its financial emergency control board shall  have  a
  direct  appeal  as  of  right  to the appellate division in the judicial
  department in which the court is located and, thereafter, if  necessary,
  to  the  court  of  appeals  of  this  state, and such appeal shall have
  preference over all causes in all courts. Service upon the adverse party
  of a notice of appeal shall stay the effect of  the  judgment  or  order
  appealed  from, and shall stay all actions, special proceedings or other
  acts within the scope of  section  85.30  of  this  title,  pending  the
  hearing and determination of the appeals.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 7 - Refunding of Bonds and Capital Notes › 93.00 - Refunding of Urban Renewal Notes.

§  93.00  Refunding of urban renewal notes.  a. To the extent that the
  moneys in anticipation of the receipt of which an urban renewal note  or
  notes have been issued pursuant to section 25.10 of this chapter are not
  received  by  a municipality or are not received in an amount sufficient
  to redeem such notes in full, such notes may be refunded by the issuance
  of serial bonds pursuant to this section.
b. It is hereby determined that the period of probable  usefulness  of
  the  object  or  purpose  for which bonds may be issued pursuant to this
  section is the same as the period of probable  usefulness  specified  in
  subdivision forty-one-a of paragraph a of section 11.00 of this chapter.
  The  last  installment  of  bonds  issued pursuant to this section shall
  mature not later than the expiration of the maximum period  of  probable
  usefulness  of  such  object or purpose as computed from the date of the
  first urban renewal note or notes so issued. Such period shall  be  that
  which  was in effect at the time the first urban renewal note was issued
  unless such period has been subsequently shortened, in which  event  the
  shorter  period in effect at the time of the issuance of the bonds shall
  apply.
c. Bonds issued pursuant to this section shall not  be  designated  as
  refunding  bonds  but  shall  contain  a  recital  that  they are issued
  pursuant to this section. The provisions of this chapter, including  but
  not  limited  to sections 33.10, 34.00, 35.00 and 36.00, relating to the
  authorization, form and content, sale, execution and issuance of  serial
  bonds,  other  than bonds issued pursuant to sections 90.00 and 91.00 of
  this chapter, shall apply to the authorization, form and content,  sale,
  execution  and  issuance  of such bonds issued pursuant to this section.
  The bond resolution shall contain a description  of  the  urban  renewal
  note or notes to be refunded in whole or in part.
d.  In  the  event that a municipality, after the issuance pursuant to
  this section of any bonds to refund any outstanding urban  renewal  note
  or  notes,  shall  receive  or collect any moneys in anticipation of the
  receipt of which such urban renewal note  or  notes  were  issued,  such
  moneys  shall be set aside in a special bank account to be used only for
  the payment of the principal of and interest on such bonds.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 8 - Limitations on the Power to Contract Indebtedness › 100.00 - Requirement of Pledge of Faith and Credit.

§   100.00   Requirement  of  pledge  of  faith  and  credit.    Every
  municipality, school district and district corporation shall pledge  its
  faith and credit for the payment of all indebtedness contracted by it.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 8 - Limitations on the Power to Contract Indebtedness › 103.00 - Limitation on the Power of Cities and Villages to Authorize Certain Obligations.

§  103.00  Limitation on the power of cities and villages to authorize
  certain obligations.   a. If in  any  city  or  village,  prior  to  the
  effective  date  of this chapter, a water board, public utility board or
  other  agency,  (other  than  the  council,  common  council,  board  of
  aldermen,  board of estimate, board of estimate and apportionment, board
  of estimate and contract, board of  trustees  of  a  village,  board  of
  education  or board of trustees of a school district, or governing board
  of a public authority or  district)  had  the  power  to  authorize  the
  issuance  of  obligations  or  to  request  the finance board or similar
  appropriate agency of the city or village to issue  obligations  for  an
  object  or  purpose,  the  finance  board  of  such  city or village may
  thereafter authorize the issuance of obligations for such an  object  or
  purpose only upon the recommendation of such agency.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 8 - Limitations on the Power to Contract Indebtedness › 105.00 - Exclusion of Indebtedness for Certain Assessable Improvements; Buffalo, Rochester and Syracuse.

§   105.00   Exclusion   of   indebtedness   for   certain  assessable
  improvements; Buffalo, Rochester and  Syracuse.    In  ascertaining  the
  power  of  the  cities  of  Buffalo,  Rochester and Syracuse to contract
  indebtedness,  there  may  be  excluded  the  outstanding   indebtedness
  contracted by each of such cities for so much of the cost and expense of
  any  public improvement as may be required by the ordinance or local law
  assessing the same to be raised by assessment  upon  local  property  or
  territory,  to  the  extent  that such outstanding indebtedness together
  with other indebtedness initially contracted therefor from time to  time
  after  January  first,  nineteen hundred twenty-eight and since retired,
  aggregates, in the case of the cities of Buffalo and  Rochester,  a  sum
  not  exceeding  ten  million  dollars,  and  in  the case of the city of
  Syracuse, a sum not exceeding five  million  dollars.  Any  indebtedness
  thereafter contracted for such purposes in excess of such sums shall not
  be  so  excluded.  Nothing in this section shall be construed to prevent
  the exclusion of any refunded indebtedness if the indebtedness  refunded
  could have been excluded pursuant to this section.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 8 - Limitations on the Power to Contract Indebtedness › 106.00 - When Debt-Contracting Power of Certain Counties and Towns Shall Cease.

§  106.00  When  debt-contracting  power of certain counties and towns
  shall cease.  a. Whenever the boundaries of any city  are  the  same  as
  those  of a county, or when any city includes within its boundaries more
  than one county, the power of any county  wholly  included  within  such
  city to contract indebtedness shall cease.
b.  Whenever  the boundaries of any village are the same as those of a
  town, or when any village includes within its  boundaries  a  town,  the
  power  of  any  town  wholly  included  within  such village to contract
  indebtedness shall cease.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 8 - Limitations on the Power to Contract Indebtedness › 108.00 - Financing of Safety Net Assistance on a Pay-as-You-Go Basis.

§ 108.00 Financing of safety net assistance on  a pay-as-you-go basis.
  In  the  fiscal  year  of  a  county, city or town commencing during the
  calendar year nineteen hundred forty-four, and in each succeeding fiscal
  year, the total amount of the local share of safety  net  assistance  of
  such  a  municipality  shall  be  financed  from  moneys  other than the
  proceeds of bonds, capital notes or budget notes. If in such fiscal year
  or the fiscal years succeeding, a supplemental appropriation is made for
  safety net assistance, the total amount of the local share thereof shall
  be financed by the issuance of budget notes or from moneys derived  from
  sources other than the proceeds of bonds or capital notes.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 8 - Limitations on the Power to Contract Indebtedness › 109.00 - Filing of Debt Statement Required.

§  109.00 Filing of debt statement required.  a. Not more than fifteen
  nor less than three days before any municipality, fire district, or  any
  school  district  having an aggregate assessed valuation of taxable real
  property of one hundred thousand dollars or more, sells any bonds  which
  are  required  to  be  sold at public sale, it shall file with the state
  comptroller a verified statement of its debt-contracting power  prepared
  as  of a date not more than thirty days previous to the date of the sale
  of such bonds, except that in a city containing more than one county the
  statement of its debt-contracting power shall be prepared as of  a  date
  not more than sixty days previous to the date of the sale of such bonds.
  The  statement  shall show the amount of obligations proposed to be sold
  at such sale. A duplicate copy of every such  debt  statement  shall  be
  filed  in  the  same  respective  periods  of  time  with  the  clerk or
  corresponding officer of such  municipality,  fire  district  or  school
  district.  In  the  case of a city containing more than one county, such
  statements in addition to being filed with the city clerk shall also  be
  filed  in the same respective periods of time in the office of the chief
  fiscal officer thereof.  Debt statements and duplicates  thereof,  filed
  pursuant to this section, shall be public records.
b. Such statements shall be prepared in the manner prescribed in title
  ten  of  article  two  of  this  chapter. Any error, defect, omission or
  inaccuracy in any such statement, or in the manner of its  execution  or
  filing,  shall  not  affect  the  validity  of  any  obligations  of any
  municipality, school district or fire district.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 9 - Procedures Relating to the Ascertainment of Amounts to Be Included or Excluded in Ascertaining Debt-Contracting Power › 121.00 - Indebtedness of School Districts Merged With or Annexed to a School District in a City; Amount Thereof to Be Included as Indebtedness of Such School D

§  121.00 Indebtedness of school districts merged with or annexed to a
  school district in a city; amount thereof to be included as indebtedness
  of such school district.  In ascertaining the power of a school district
  in a city to contract indebtedness the following indebtedness  shall  be
  included as indebtedness of such school district:
1.  The  amount  of outstanding indebtedness of school districts which
  merged to form such school district, whether or not any of  such  merged
  school districts, prior to such merger, was a school district in a city,
  and  whether  or not any of such merged school districts still exist for
  the purpose of paying off its indebtedness or distributing its property.
2. The amount of outstanding indebtedness of any school district which
  was annexed to such school district, whether or not such annexed  school
  district  prior to such annexation, was a school district in a city, and
  whether or not such annexed school district still exists for the purpose
  of paying off its indebtedness or distributing its property.
3.  The  appropriate  proportion  of   the   amount   of   outstanding
  indebtedness  of  any  school district part of which was annexed to such
  school district, whether or not such partially annexed  school  district
  was  a  school  district  in  a city. Such appropriate proportion of the
  amount  of  such  outstanding  indebtedness  shall  be  ascertained   by
  multiplying  the  total  amount  of such outstanding indebtedness by the
  ratio or percentage, as of the time of the  annexation,  that  the  full
  valuation of the portion of the school district annexed bore to the full
  valuation  of the whole of such partially annexed district as it existed
  prior to such annexation.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 9 - Procedures Relating to the Ascertainment of Amounts to Be Included or Excluded in Ascertaining Debt-Contracting Power › 121.10 - Indebtedness of School Districts Merged With or Annexed to a School District Outside of a City.

§  121.10 Indebtedness of school districts merged with or annexed to a
  school district outside of a city.  a. In ascertaining the  power  of  a
  school  district, other than a school district in a city, to issue bonds
  or bond anticipation notes, there shall be included the amount of bonded
  indebtedness of a merged or annexed school district as follows:
1. The amount of outstanding bonds  and  bond  anticipation  notes  of
  school  districts  which merged to form such school district, whether or
  not any of such merged school districts, prior to such  merger,  had  an
  aggregate  assessed  valuation  of one hundred thousand dollars or more,
  and whether or not any of such merged school districts still  exist  for
  the purpose of paying off its indebtedness or distributing its property.
2.  The amount of outstanding bonds and bond anticipation notes of any
  school district which was annexed to such school  district,  whether  or
  not  such  annexed  school  district,  prior  to such annexation, had an
  aggregate assessed valuation of one hundred thousand  dollars  or  more,
  and  whether  or  not  such annexed school district still exists for the
  purpose of paying off its indebtedness or distributing its property.
3. The appropriate proportion of the amount of outstanding  bonds  and
  bond anticipation notes of any school district part of which was annexed
  to such school district, whether or not the aggregate assessed valuation
  of such partially annexed school district, prior to such annexation, was
  one hundred thousand dollars or more. Such appropriate proportion of the
  amount  of  such  outstanding bonds and bond anticipation notes shall be
  ascertained by multiplying the total amount of  such  outstanding  bonds
  and  bond  anticipation notes by the ratio or percentage, as of the time
  of the annexation, that the average assessed valuation of the portion of
  the school district annexed bore to the average  assessed  valuation  of
  the whole of such partially annexed district as it existed prior to such
  annexation.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 9 - Procedures Relating to the Ascertainment of Amounts to Be Included or Excluded in Ascertaining Debt-Contracting Power › 121.20 - Exclusion of Certain Indebtedness of School Districts Other Than School Districts in a City in Ascertaining Their Power to Contract Indebtedness.

§  121.20. Exclusion of certain indebtedness of school districts other
  than school districts in a city in ascertaining their power to  contract
  indebtedness. a. As used in this section:
1.  The term "indebtedness" shall mean indebtedness evidenced by bonds
  and bond anticipation notes.
2. The term "school district" shall mean a school district other  than
  a school district in a city.
b.  In  ascertaining  the  power  of  a  school  district  to contract
  indebtedness, there may be excluded outstanding indebtedness contracted,
  or indebtedness to be contracted, for objects or purposes having periods
  of probable usefulness provided in paragraph a. of section 11.00 of this
  chapter, to the extent to which the commissioner of education,  or  such
  person or persons as may be designated by him, shall estimate based upon
  facts  existing  on  the date of such estimate that moneys receivable by
  the school district from the state as an apportionment for debt  service
  for  school  building  purposes, under laws existing on the date of such
  estimate, shall meet the interest on and the annual requirements for the
  payment of such indebtedness.  Any  such  estimate  shall  describe  the
  indebtedness  to  which  it relates. An estimate shall be effective only
  until the June thirtieth next succeeding the date thereof.
c. The commissioner of education by rule or regulation  may  prescribe
  the  manner  and  form in which a school district shall make application
  for any such estimate. The department of education shall furnish to  the
  school  district,  without  charge,  three  certified copies of any such
  estimate.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 9 - Procedures Relating to the Ascertainment of Amounts to Be Included or Excluded in Ascertaining Debt-Contracting Power › 121.30 - Exclusion of Certain Indebtedness of School Districts Other Than School Districts in a City.

§  121.30  Exclusion of certain indebtedness of school districts other
  than school districts in a city.  In ascertaining the power of a  school
  district,   other  than  a  school  district  in  a  city,  to  contract
  indebtedness under section 104.00 of this chapter, there may be excluded
  outstanding bonds and bond anticipation notes or  indebtedness  proposed
  to be contracted and to be evidenced by bonds or bond anticipation notes
  to  finance  the acquisition, construction and installation of a shelter
  or  fallout  shelter  by  such  school  district  pursuant  to   section
  twenty-three-a  of the New York state defense emergency act, but only to
  the extent to which such indebtedness, at the time it was contracted  or
  is to be contracted, did not or will not exceed fifty dollars multiplied
  by the planned shelter occupancy of such shelter.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 10 - Statement of Debt-Contracting Power of Municipalities, Fire Districts and Certain School Districts › 130.00 - Application of Title.

§  130.00  Application  of  title.    This  title  shall apply only to
  municipalities, school districts and fire districts which  are  required
  to file a debt statement pursuant to section 109.00 of this chapter.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 10 - Statement of Debt-Contracting Power of Municipalities, Fire Districts and Certain School Districts › 131.00 - Definition of Obligations.

§  131.00  Definition of obligations.  As used in this title, the term
  "obligations"  shall  mean  bonds,   notes   or   other   evidences   of
  indebtedness.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 10 - Statement of Debt-Contracting Power of Municipalities, Fire Districts and Certain School Districts › 132.00 - Debt Statements; Agency Preparing.

§  132.00  Debt  statements; agency preparing.   a. The debt statement
  shall be prepared by the chief fiscal officer of the municipality,  fire
  district  or  school  district.  If,  however,  a  municipality,  school
  district or fire district does not have a  chief  fiscal  officer,  then
  such statement shall be prepared by the finance board thereof.
b. Municipalities, school districts in cities and fire districts shall
  prepare  debt  statements pursuant to sections 135.00 and 136.00 of this
  chapter. School districts, other than school districts in cities,  shall
  prepare debt statements pursuant to section 137.00 of this chapter.  The
  provisions  of  sections  138.00  through  141.00,  inclusive,  of  this
  chapter, shall apply to the debt statements prepared by  municipalities,
  fire districts and school districts.
c.  Each debt statement of a municipality, a school district in a city
  or a  first  district  shall  contain  a  schedule  of  the  obligations
  authorized  to  be  issued  but which in fact have not been issued. Each
  debt statement of a school district, other than a school district  in  a
  city,  shall contain a schedule of the bonds and bond anticipation notes
  authorized to be issued by resolution but which in fact  have  not  been
  issued.  Any  such  schedule shall be arranged so as to show the date of
  such authorizations,  the  type  and  amount  of  obligations  remaining
  unissued  and  the  object  or  purpose  for which such obligations were
  authorized. The foregoing provisions of this paragraph c shall not apply
  to a city containing more than one county, and in any such city the debt
  statement shall contain a summary statement of the total amount of  each
  type  of  obligation  authorized  to be issued but which in fact has not
  been issued.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 10 - Statement of Debt-Contracting Power of Municipalities, Fire Districts and Certain School Districts › 137.00 - Debt Statement of School Districts Outside Cities.

§  137.00 Debt statement of school districts outside cities.  The debt
statement of a school district, other than a school district in a  city,
shall  contain  the  following  items of indebtedness for the purpose of
showing the indebtedness of such school district:
1. The amount of
(a) Outstanding bonds;
(b) Outstanding bond anticipation notes, other than  those  issued  in
anticipation of the bonds of the issue in connection with which the debt
statement is prepared;
(c)  Bonds  of  the  proposed  issue in connection with which the debt
statement is prepared; and
(d) Bond anticipation  notes  proposed  to  be  issued  where  a  debt
statement is prepared in connection with the issuance of such notes.
2.  The  amount of indebtedness of a merged or annexed school district
determined pursuant to section 121.10 of this chapter.
For the purpose of showing the  indebtedness  of  a  school  district,
other than a school district in a city, there may be deducted the amount
of  any such indebtedness which has been contracted or is proposed to be
contracted to the extent provided in section 121.20 of this chapter, and
in such case a certified copy of the estimate  of  the  commissioner  of
education  shall  be  attached  to and form a part of the debt statement
filed with the state comptroller and the clerk of the school district.
For the purpose of showing the indebtedness of a school district other
than a school district in a city there may be  deducted  the  amount  of
indebtedness  contracted, or indebtedness proposed to be contracted, for
the purpose and to  the  extent  provided  in  section  121.30  of  this
chapter.
In  connection  with  the  sale  of  bond anticipation notes, a school
district may prepare a debt statement and may file such statement in the
manner provided in section 109.00 of this chapter.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 10 - Statement of Debt-Contracting Power of Municipalities, Fire Districts and Certain School Districts › 138.00 - Debt Statement to Show Net Indebtedness.

§  138.00. Debt statement to show net indebtedness. The debt statement
  of a municipality, school district in a  city  or  fire  district  shall
  include  a statement of the total net indebtedness of such municipality,
  school district or fire district. Such total net indebtedness  shall  be
  computed  by  subtracting from gross indebtedness the total of the items
  which may be deducted therefrom  pursuant  to  section  136.00  of  this
  chapter.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 10 - Statement of Debt-Contracting Power of Municipalities, Fire Districts and Certain School Districts › 139.00 - Debt Statement to Show Valuations of Taxable Real Property.

§  139.00. Debt statement to show valuations of taxable real property.
  a.  The debt statement of a municipality or school district  in  a  city
  shall  contain  a  computation  of the average full valuation of taxable
  real  property  of  such  municipality  or  school  district.  The  debt
  statement  of  the  city of New York also shall contain a computation of
  the average assessed valuation of the taxable real property of such city
  in the event a deduction is claimed pursuant to item (a) of  subdivision
  seven of section 136.00 of this chapter.
b.  The  debt  statement  of  a  school  district, other than a school
  district in a city, shall contain a computation of the full valuation of
  the real property subject to taxation by the school district.
c. The debt statement of a fire district shall contain  a  computation
  of the full valuation of taxable real property of such fire district.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 10 - Statement of Debt-Contracting Power of Municipalities, Fire Districts and Certain School Districts › 140.00 - Debt Statement to Show Debt-Contracting Margin.

§ 140.00. Debt statement to show debt-contracting margin.  a. The debt
  statement  of a municipality, school district in a city or fire district
  shall show the total amount of indebtedness which may be  contracted  by
  such  municipality, school district or fire district pursuant to section
  104.00 of this chapter. In addition there shall be included:
1. A statement of the  net  margin  of  debt-contracting  power.  Such
  margin  shall  be  ascertained  by  deducting  from such total amount of
  indebtedness which it may contract pursuant to section  104.00  of  this
  chapter the total net indebtedness of such municipality, school district
  or fire district.
2. A statement of the percentage of the debt-contracting power of such
  municipality, school district or fire district which has been exhausted.
  Such percentage shall be obtained by dividing the total net indebtedness
  of  such  municipality,  school  district  or fire district by the total
  amount of indebtedness which it may contract pursuant to section  104.00
  of this chapter.
b.  The  debt  statement  of  a  school  district, other than a school
  district in a city, shall show the amount of bonded  indebtedness  which
  may be contracted by such school district. Such amount shall be shown as
  an  amount  equal  to  ten  per centum of the full valuation of the real
  property subject to taxation by the school district. In  addition  there
  shall  be set forth the margin between the amount of bonded indebtedness
  which such school district may contract and the bonded  indebtedness  of
  such  school  district as shown in such debt statement. The term "bonded
  indebtedness", as used in this  paragraph,  shall  include  indebtedness
  evidenced by bond anticipation notes.
2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 10 - Statement of Debt-Contracting Power of Municipalities, Fire Districts and Certain School Districts › 141.00 - State Comptroller to Prescribe Form of Debt Statement.

§  141.00  State  comptroller to prescribe form of debt statement.  a.
  The state comptroller shall prescribe the form of  debt  statements  and
  may  require  that  there  be  submitted with such statements such other
  information as he deems appropriate.
b.  The  state  comptroller  shall  prepare  printed  forms  of   debt
  statements   and   shall   make   them  available  for  distribution  to
  municipalities, fire districts and school districts.
c.  Notwithstanding  the  provisions  of  any  other  law,  the  state
  comptroller  shall furnish to any person upon request a copy of any debt
  statement filed in  his  office  pursuant  to  the  provisions  of  this
  chapter, upon prepayment of the following fees:
1. For a copy of any such statement, one dollar and fifty cents;
2. For a certified copy of any such statement certified under the seal
  of his office, two dollars;
3. For an exemplified copy of any such statement, three dollars;
4.  For  a  copy,  a certified copy or an exemplified copy of any debt
  statement, an additional fee shall be charged at the rate of  ten  cents
  per  folio for all folios in excess of ten folios for matter in any such
  statement showing the date, type, amount,  and  object  or  purpose,  of
  obligations  authorized  to  be  issued  but  which in fact had not been
  issued as of the date of preparation of such statement.
Any such fee shall be fifty cents less for a certified or  exemplified
  copy  of any such debt statement if a previously prepared typewritten or
  photographic copy shall  be  presented  to  the  state  comptroller  for
  certification  or  exemplification.  The state comptroller shall make no
  charge for searching for any such debt statement if  and  when  a  copy,
  certified  copy,  or exemplified copy of the debt statement searched for
  is furnished to the person making such request.
Except as above provided, the state comptroller shall charge a fee  of
  one  dollar  for  searching  for  any debt statement filed in his office
  pursuant to the provisions of this chapter.