Local Finance Law § 138.00 · Title 10. Statement of Debt-contracting Power of Municipalities, Fire Districts and Certain School Districts
Debt statement to show net indebtedness
Verbatim from the official edition
Text — Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
§ 138.00. Debt statement to show net indebtedness. The debt statement of a municipality, school district in a city or fire district shall include a statement of the total net indebtedness of such municipality, school district or fire district. Such total net indebtedness shall be computed by subtracting from gross indebtedness the total of the items which may be deducted therefrom pursuant to section 136.00 of this chapter.
Source of truth
- Edition
- Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/LFN138.00
- Text hash
- sha256 235e7fce155f84411f9cc5180da2215d3b99cdae6cf4b16a3f2bc1a2b6a2a566
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
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