New York Laws
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.

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