- The Laws of New York
- Consolidated Laws
- Title 2: School District Organization
- Article 51: City School Districts of Cities With Less Than One Hundred Twenty-five Thousand Inhabitants
Section 2530 Power to contract indebtedness
Each city school district shall be authorized to expend money for any of the objects or purposes which it is authorized to accomplish by law and may contract indebtedness in its name pursuant to the local finance law. The provisions of section four hundred sixteen of this chapter shall be applicable to such districts.