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The Laws of New York
Unconsolidated Laws of New York
This entry was published on 2014-09-22
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CHAPTER 0
NYS Financial Emergency Act for the city of NY 868/75
SECTION 1
Short title
SECTION 2
Definitions
SECTION 2-A
Legislative declaration of financial emergency
SECTION 3
General rights and prohibitions
SECTION 4
Power of city or covered organization to determine the expenditure of available funds
SECTION 5
New York state financial control board; created
SECTION 6
Administration of the board
SECTION 7
Functions of the board
SECTION 7-A
Reports of the city
SECTION 8
Development of the financial plan
SECTION 9
Establishment and application of the board fund
SECTION 9-A
Establishment and application of a general debt service fund
SECTION 9-B
Limitations on short-term borrowing
SECTION 10
Wage freeze
SECTION 10-A
Covenants, authorizations to agree and remedies
SECTION 11
Prohibitions; penalties
SECTION 12
Indemnification
SECTION 13
Termination
SECTION 14
Separability
SECTION 15
Court preference
NEW YORK STATE FINANCIAL EMERGENCY ACT FOR THE CITY OF NEW YORK *
Section 1. Short title.

2. Definitions.

2-a. Legislative declaration of financial emergency.

3. General rights and prohibitions.

4. Power of city or covered organization to determine the

expenditure of available funds.

5. New York state financial control board; created.

6. Administration of the board.

7. Functions of the board.

7-a. Reports of the city.

8. Development of the financial plan.

9. Establishment and application of the board fund.

9-a. Establishment and application of a general debt service

fund.

9-b. Limitations on short-term borrowing.

10. Wage freeze.

10-a. Covenants, authorizations to agree and remedies.

11. Prohibitions; penalties.

12. Indemnification.

13. Termination.

14. Separability.

15. Court preference.

* Terminates July 1, 2008 or ... see § 13