Laws of New York (Last Updated: November 21, 2014) |
LFN Local Finance |
Article II. LOCAL INDEBTEDNESS |
Title 1-A. INDEBTEDNESS RELATIVE TO MUNICIPAL COOPERATIVE ACTIVITIES |
Section 15.40. Additional limitations
Latest version.
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a. Indebtedness shall not be contracted or incurred pursuant to this title for any object or purpose which is intended to effectuate any of the purposes of article eighteen of the state constitution as implemented by the public housing law or any other law including this chapter. b. The following provisions of this chapter shall not be applicable in relation to indebtedness contracted or incurred in relation to a joint service or a joint water, sewage or drainage project: Paragraph c of section 20.00, and sections 28.10, 90.00 and 92.00.