§ 66-e. Restrictions on the use of certificates of participation for real property. Certificates of participation or similar instruments shall not be used to finance the acquisition or improvement of real property unless specifically authorized in an appropriation bill or some other law for such real property installment purchase.
Restrictions on the use of certificates of participation for real property
N.Y. State Finance Law § 66-E, under Certificates of Participation.
N.Y. State Finance Law § 66-E