Laws of New York (Last Updated: November 21, 2014) |
LFN Local Finance |
Article II. LOCAL INDEBTEDNESS |
Title 8. LIMITATIONS ON THE POWER TO CONTRACT INDEBTEDNESS |
Section 108.00. Financing of safety net assistance on a pay-as-you-go basis
Latest version.
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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.