New York Laws
Title 3 - Local Obligations: Authorization Thereof
38.00 - Referenda on Bond Resolutions or Capital Note Resolutions; Fire Districts and Other District Corporations.

§ 38.00 Referenda on bond resolutions or capital note resolutions;
fire districts and other district corporations. a. A bond resolution or
a capital note resolution adopted by the finance board of a fire
district shall not become effective unless it shall have been approved
at a regular or special election of such district in the manner provided
in section one hundred and seventy-nine of the town law, as amended from
time to time.

b. 1. If, prior to the effective date of this chapter, in a district
corporation other than a fire district, the voting of a special tax or a
tax to be collected in installments for an object or purpose, at a
regular or special election or meeting, is a condition precedent to the
authorization of the issuance of obligations for such object or purpose,
a bond resolution or a capital note resolution authorizing the issuance
of bonds or capital notes for such object or purpose shall not be
adopted by the finance board unless a special tax or a tax to be
collected in installments for such object or purpose shall have been
voted at such an election or meeting in the manner provided by law.

2. If, prior to the effective date of this chapter, in a district
corporation other than a fire district, the approval of a proposition
for the expenditure of money for an object or purpose, at a regular or
special election or meeting, is a condition precedent to the
authorization of the issuance of obligations for such object or purpose,
a bond resolution or a capital note resolution authorizing the issuance
of bonds or capital notes for such object or purpose shall not be
adopted by the finance board unless a proposition for the expenditure of
money for such object or purpose shall have been approved at such an
election or meeting in the manner provided by law.

3. If, prior to the effective date of this chapter, in a district
corporation other than a fire district, the authorization of the
issuance of obligations for an object or purpose must be approved at a
regular or special election or meeting, a bond resolution or a capital
note resolution adopted by the finance board authorizing the issuance of
bonds or capital notes for such object or purpose shall not become
effective unless it shall have been so approved at such an election or
meeting in the manner provided by law.

Structure New York Laws