Local Finance Law § 15.40 · Title 1-A. Indebtedness Relative to Municipal Cooperative Activities
Additional limitations
Text — Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
§ 15.40 Additional limitations. a. Indebtedness shall not be contracted or incurred pursuant to this title for any object or purpose which is intended to effectuate any of the purposes of article eighteen of the state constitution as implemented by the public housing law or any other law including this chapter.
b. The following provisions of this chapter shall not be applicable in relation to indebtedness contracted or incurred in relation to a joint service or a joint water, sewage or drainage project: Paragraph c of section 20.00, and sections 28.10, 90.00 and 92.00.
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/LFN15.40
- Text hash
- sha256 3b5ffc30ee7ab6c4f214dc9326c02ec6ba2f532a9e5c4af8881441fbbc3a73a6
- 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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