2023 New York Laws › LFN - Local Finance › Article 2 - Local Indebtedness › Title 3 - Local Obligations: Authorization Thereof › 37.00 - Referenda on Bond Resolutions or Capital Note Resolutions; School Districts.

§  37.00  Referenda  on  bond resolutions or capital note resolutions;
  school districts.  a. In a school district  other  than  a  city  school
  district  a  bond  resolution  or a capital note resolution shall not be
  adopted by the finance board thereof unless a tax  to  be  collected  in
  installments  shall  have  been  voted  in  the  manner  provided in the
  education law, as amended from time to time, for the object  or  purpose
  for  which  such  resolution authorizes the issuance of obligations. The
  foregoing provisions of this paragraph shall not apply to:
1. A bond resolution or capital note resolution adopted by the finance
  board of a school district authorizing the issuance of bonds or  capital
  notes  for  the  payment  of  all  or  part  of  a  judgment, award or a
  compromised or  settled  claim  against  the  school  district  for  the
  acquisition  of land or rights in land, to the extent that the amount of
  such judgment, award or  claim  exceeds  the  amount  authorized  to  be
  expended  for  such acquisition of land or rights in land, provided such
  excess amount does not exceed  fifteen  per  centum  of  the  amount  so
  authorized to be expended.
2.  A  bond resolution which authorizes the issuance of bonds pursuant
  to section 92.00 of this chapter where prior to the issuance by a school
  district of the bond anticipation note or notes to be refunded  by  such
  bonds a tax to be collected in installments has been voted in the manner
  provided  in  the education law for the object or purpose for which such
  note or notes were issued.
3. A bond resolution or capital note resolution which  authorizes  the
  issuance  of  bonds  or  capital  notes for the payment of judgments, or
  compromised or settled claims against such a school district, or  awards
  or sums payable by such a school district pursuant to a determination by
  a  court,  or  an officer, body or agency acting in an administrative or
  quasi-judicial capacity.
b. In a city school district a bond resolution adopted by the  finance
  board  thereof shall not become effective unless a proposition approving
  such resolution shall have been adopted at a special  or  annual  school
  district   meeting   held  in  accordance  with  article  forty-one  and
  fifty-three of the education  law.  The  foregoing  provisions  of  this
  paragraph  shall not apply to a bond resolution authorizing the issuance
  of bonds:
1.  For the payment of judgments, or  compromised  or  settled  claims
  against  such  city  school  district, or awards or sums payable by such
  city school district pursuant to a  determination  by  a  court,  or  an
  officer,  body  or  agency acting in an administrative or quasi-judicial
  capacity; or
2. Where a tax to be collected in installments has been voted  in  the
  manner  provided  in  the  education  law, prior to July first, nineteen
  hundred fifty-one, for the object or purpose for which  such  resolution
  authorizes the issuance of bonds; or
3.  Where such resolution authorizes the issuance of bonds pursuant to
  section  92.00  of  this  chapter  and prior to the issuance by a school
  district of the bond anticipation note or notes to be refunded  by  such
  bonds a tax to be collected in installments has been voted in the manner
  provided  in  the education law for the object or purpose for which such
  note or notes were issued.
Notwithstanding  the  foregoing  provisions  of  this  paragraph,  the
  finance  board  of  a  city  school  district  may  provide  in any bond
  resolution or capital note resolution that such  resolution,  shall  not
  become  effective  unless  a  proposition  approving  such resolution is
  adopted at a special or annual district meeting held in accordance  with
  article forty-one and fifty-three of the education law.