New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 2. Department of Audit and Control |
Chapter II. Municipal Affairs |
Subchapter B. Refunding of Indebtedness |
Part 50. Refunds of Indebtedness by Municipalities and School Districts |
Sec. 50.0. [Indebtedness contracted prior to January 1, 1939.]
Latest version.
- Under section 2 of article 8 of the State Constitution, and section 8 of the General Municipal Law, indebtedness contracted prior to January 1, 1939, may be refunded only with the approval of, and on terms and conditions prescribed by, the State Comptroller.