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This entry was published on 2014-09-22
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TITLE 8
Limitations On the Power to Contract Indebtedness
Local Finance (LFN) CHAPTER 33-A, ARTICLE 2
TITLE 8

LIMITATIONS ON THE POWER TO CONTRACT INDEBTEDNESS
Section 100.00 Requirement of pledge of faith and credit.

101.00 Giving or loaning of municipal credit and contracting

indebtedness other than for municipal purposes

prohibited.

102.00 Consent by cities, towns and villages to the contracting

of indebtedness by certain district corporations.

103.00 Limitation on the power of cities and villages to

authorize certain obligations.

104.00 Limitation on amount of local indebtedness which may be

contracted.

104.10 Additional limitations on the power to contract

indebtedness.

105.00 Exclusion of indebtedness for certain assessable

improvements; Buffalo, Rochester and Syracuse.

106.00 When debt-contracting power of certain counties and towns

shall cease.

107.00 Down payment.

108.00 Financing of safety net assistance on a pay-as-you-go

basis.

109.00 Filing of debt statement required.