Title LFN, Local Finance

§ 85.10 Notice of claim. No act shall be done or action or special\nproceeding shall be prosecuted or maintained seeking to apply or enforce\nagainst the municipality or any covered organization, or their funds,\nproperty, receivables or revenues, any order, judgment, lien, set-…

§ 85.20 Demand for payment. a. In any case where a demand for payment\nis required as a condition precedent to the doing of any act or the\ncommencement of any action or special proceeding pursuant to section\n85.10 of this title, the demand shall comply with the provisions of t…

§ 85.30 Petition of municipality; temporary stay of claims. A\nvoluntary petition may be filed pursuant to this section by any\nmunicipality or, in the event a municipality refuses to file such\npetition after request by its emergency financial control board, or\nfails to do so …

§ 85.40 Repayment plan for municipality; court approval; continuation\nof stay. Upon the filing of a petition pursuant to section 85.30 of\nthis title, a repayment plan may be filed by the municipality or, in the\nevent the municipality refuses to file such a plan after request …

§ 85.50 Termination of stay. Any order extending a stay pursuant to\nsection 85.40 of this title may be vacated or modified if, upon motion\nof any creditor affected thereby, the court finds, after a hearing: (a)\nthat the municipality has failed to comply with a material provis…

§ 85.60 Modification of plan. At any time prior to the entry of an\norder approving or disapproving a repayment plan pursuant to section\n85.40 of this title, the municipality, with the approval of its\nfinancial emergency control board, or any such board with or without the\nap…

§ 85.70 Notice to creditors. Upon the filing of a petition pursuant\nto section 85.30 of this title, or of a repayment plan or amendment or\nmodification thereof pursuant to section 85.40 or 85.60 of this title,\nor upon the application for, or the entry of, any order extending,…

§ 85.80 Authority for municipality or emergency financial control\nboard to file petition under federal statute. A municipality or its\nemergency financial control board in addition to, or in lieu of, filing\na petition under this title, or the city of New York or the New York\n…

§ 85.90 Judicial review. If any repayment plan or amendment or\nmodification thereof proposed pursuant to this title is disapproved, or\nif any stay is vacated or modified or an extension thereof is denied, or\nif any other order pursuant to this title is entered by the court wh…

§ 90.00 Refunding of bonds. a. 1. A municipality, school district or\ndistrict corporation may issue serial bonds to refund bonds issued on or\nafter January first, nineteen hundred thirty-nine, other than bonds\nissued to redeem notes, certificates or other evidences of indebte…

§ 90.10 Advance refunding of certain bonds. a. As used in this\nsection:\n 1. The term "escrow contract" shall mean a contract entered into by\nand between a municipality, school district or district corporation and\na bank or trust company pursuant to paragraph i of this sectio…

§ 91.00 Refunding of capital notes. a. Where serial bonds have not\nbeen issued to finance any part of an object or purpose and such object\nor purpose has been financed by the issuance of a capital note, such\ncapital note may be refunded by the issuance of serial bonds pursuan…

§ 92.00 Refunding of bond anticipation notes issued by a school\ndistrict prior to annexation or consolidation. a. Where serial bonds\nhave been authorized by a school district to finance an object or\npurpose and in anticipation of the issuance of such bonds the school\ndistric…

§ 93.00 Refunding of urban renewal notes. a. To the extent that the\nmoneys in anticipation of the receipt of which an urban renewal note or\nnotes have been issued pursuant to section 25.10 of this chapter are not\nreceived by a municipality or are not received in an amount suf…