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SECTION 66-E

Restrictions on the use of certificates of participation for real property

State Finance (STF) CHAPTER 56, ARTICLE 5-A

§ 66-e. Restrictions on the use of certificates of participation for
real property. Certificates of participation or similar instruments
shall not be used to finance the acquisition or improvement of real
property unless specifically authorized in an appropriation bill or some
other law for such real property installment purchase.