Legislation
CHAPTER 0
NYS Financial Emergency Act for the city of NY 868/75
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SECTION 1Short title
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SECTION 2Definitions
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SECTION 2-ALegislative declaration of financial emergency
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SECTION 3General rights and prohibitions
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SECTION 4Power of city or covered organization to determine the expenditure of available funds
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SECTION 5New York state financial control board; created
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SECTION 6Administration of the board
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SECTION 7Functions of the board
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SECTION 7-AReports of the city
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SECTION 8Development of the financial plan
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SECTION 9Establishment and application of the board fund
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SECTION 9-AEstablishment and application of a general debt service fund
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SECTION 9-BLimitations on short-term borrowing
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SECTION 10Wage freeze
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SECTION 10-ACovenants, authorizations to agree and remedies
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SECTION 11Prohibitions; penalties
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SECTION 12Indemnification
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SECTION 13Termination
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SECTION 14Separability
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SECTION 15Court preference
NEW YORK STATE FINANCIAL EMERGENCY ACT FOR THE CITY OF NEW YORK *
Section 1. Short title.
2. Definitions.
2-a. Legislative declaration of financial emergency.
3. General rights and prohibitions.
4. Power of city or covered organization to determine the
expenditure of available funds.
5. New York state financial control board; created.
6. Administration of the board.
7. Functions of the board.
7-a. Reports of the city.
8. Development of the financial plan.
9. Establishment and application of the board fund.
9-a. Establishment and application of a general debt service
fund.
9-b. Limitations on short-term borrowing.
10. Wage freeze.
10-a. Covenants, authorizations to agree and remedies.
11. Prohibitions; penalties.
12. Indemnification.
13. Termination.
14. Separability.
15. Court preference.
* Terminates July 1, 2008 or ... see § 13
Section 1. Short title.
2. Definitions.
2-a. Legislative declaration of financial emergency.
3. General rights and prohibitions.
4. Power of city or covered organization to determine the
expenditure of available funds.
5. New York state financial control board; created.
6. Administration of the board.
7. Functions of the board.
7-a. Reports of the city.
8. Development of the financial plan.
9. Establishment and application of the board fund.
9-a. Establishment and application of a general debt service
fund.
9-b. Limitations on short-term borrowing.
10. Wage freeze.
10-a. Covenants, authorizations to agree and remedies.
11. Prohibitions; penalties.
12. Indemnification.
13. Termination.
14. Separability.
15. Court preference.
* Terminates July 1, 2008 or ... see § 13