ยง 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.
Structure New York Laws
Article 5-A - Certificates of Participation
66-A - Restriction on Issuance of Certificates of Participation.
66-B - Issuance of Certificates of Participation.
66-C - Certificates of Participation Not Debt.
66-D - Annual Ceiling on Certificates of Participation.
66-E - Restrictions on the Use of Certificates of Participation for Real Property.
66-F - Certain Interagency Transfers Authorized.
66-H - Restriction on Sale in the Event of Nonappropriation.
66-K - Certificates of Participation; Reallocation Requirements.