New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 2. Department of Audit and Control |
Chapter II. Municipal Affairs |
Subchapter A. Sales of Bonds and Notes; Debt Statements |
Part 38. Sinking Funds for Bonds of Municipalities and School Districts |
Sec. 38.20. Waiver in cases of hardship
Latest version.
- Upon a showing of reasonable necessity, the State Comptroller may modify or waive compliance with provisions of this Part, provided that strict compliance is not required by any law or other regulation and failure to modify or waive compliance would, in the opinion of the Comptroller, cause a municipality or school district undue hardship.