New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 2. Department of Audit and Control |
Chapter II. Municipal Affairs |
Subchapter C. Cancellation and Destruction of Obligations |
Part 55. Cancellation and Destruction of Obligations of Municipalities, School Districts and District Corporations |
Sec. 55.5. Burning, pulverizing or shredding of obligations
Latest version.
- Should obligations be destroyed in the manner set forth in subdivision (b) or (c) of section 55.3 of this Part, or in the manner set forth in section 55.4 of this Part, they shall be burned, pulverized or shredded within one year from the date of such destruction.