§ 39.00 Tax anticipation note resolution, revenue anticipation note
resolution and urban renewal note resolution; form and contents. a.
Whenever the finance board shall authorize the issuance of tax
anticipation notes, revenue anticipation notes or urban renewal notes,
or the renewal of such notes, it shall do so by a "tax anticipation note
resolution", "a revenue anticipation note resolution" or an "urban
renewal note resolution", as the case may be. Each such resolution shall
be properly dated and shall bear a title which will indicate the type of
note to which it relates. Whenever any such note has been duly
authorized by a chief fiscal officer the certificate required to be
filed by such officer pursuant to section 30.00 of this chapter shall
bear a title which will indicate the type of note to which it relates.

b. A tax anticipation note resolution, revenue anticipation note
resolution or an urban renewal note resolution shall contain, in
substance, the following provisions:

1. A statement that such notes are issued in anticipation of:

(a) The collection of real estate taxes or assessments, in the case of
tax anticipation notes;

(b) The collection of revenues other than real estate taxes or
assessments, in the case of revenue anticipation notes; or

(c) The receipt of moneys from (1) the sale of real property, or any
interest therein, acquired for or incidental to an urban renewal
project; or (2) from the United States government pursuant to title one
of the federal housing act of nineteen hundred forty-nine, as amended;
or (3) from the state of New York pursuant to the general municipal law;
or from any or all such sources, in the case of urban renewal notes.

2. (a) In the case of tax anticipation notes:

(1) If such taxes or assessments were levied or are to be levied for a
fiscal year, a statement of the fiscal year for which such taxes or
assessments were levied or are to be levied, or

(2) If such notes are to be issued in anticipation of the collection
of assessments levied for a capital improvement and to be collected in a
single installment, and, if such assessments have been levied, a
statement of the date of the levy of such assessments, or

(3) If such notes are to be issued in anticipation of the collection
of an installment of assessments which are levied for a capital
improvement and which are to be collected in several installments, and,
if such installment of assessments has been levied, a statement of the
date on which such installment is due and payable.

(b) In the case of revenue anticipation notes, a statement of the
fiscal year in which such revenues are due and payable.

3. (a) In the case of tax anticipation notes, if such taxes or
assessments have been levied, a statement of the amount of such taxes or
assessments remaining uncollected against which such notes are
authorized to be issued.

(b) In the case of revenue anticipation notes, a statement of the
amount of uncollected revenues against which such notes are authorized
to be issued.

(c) In the case of urban renewal notes, a statement of (1) the total
estimated cost of the urban renewal project as stated in the certificate
of the chief fiscal officer of the municipality filed and approved in
the manner prescribed in paragraph d of section 25.10 of this chapter;
(2) the total amount of any and all advances, loans and grants made by
the United States government or by the state of New York in aid of such
project to the municipality prior to and including the date of the
issuance of any such note or notes; (3) the amount of any and all local
grants-in-aid made or to be made for such project; and (4) the total
amount of such notes outstanding for such project.

4. In the case of urban renewal notes, a statement identifying the
particular urban renewal project with respect to which such notes are to
be issued.

5. A statement of the amount of such notes to be issued.

6. A statement of the period of maturity on such notes.

7. (a) In the case of tax anticipation notes issued in anticipation of
the collection of taxes or assessments which have been levied, or the
renewals thereof, a statement that the date of maturity of such notes
shall not extend beyond the close of the applicable period provided in
section 24.00 of this chapter for the maturity of such notes.

(b) In the case of revenue anticipation notes, if such notes are to be
issued in renewal of similar notes, a statement that the date of
maturity of such notes shall not extend beyond the expiration of the
second fiscal year succeeding the fiscal year in which such original
notes were issued.

(c) In the case of urban renewal notes, a statement whether such notes
are renewal notes and, if they are, the date of issuance of the original
notes.