ยง 108.00 Financing of safety net assistance on a pay-as-you-go basis.
In the fiscal year of a county, city or town commencing during the
calendar year nineteen hundred forty-four, and in each succeeding fiscal
year, the total amount of the local share of safety net assistance of
such a municipality shall be financed from moneys other than the
proceeds of bonds, capital notes or budget notes. If in such fiscal year
or the fiscal years succeeding, a supplemental appropriation is made for
safety net assistance, the total amount of the local share thereof shall
be financed by the issuance of budget notes or from moneys derived from
sources other than the proceeds of bonds or capital notes.
Structure New York Laws
Article 2 - Local Indebtedness
Title 8 - Limitations on the Power to Contract Indebtedness
100.00 - Requirement of Pledge of Faith and Credit.
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.
106.00 - When Debt-Contracting Power of Certain Counties and Towns Shall Cease.
108.00 - Financing of Safety Net Assistance on a Pay-as-You-Go Basis.