Local Finance Law § 165.10 · Title 12. Miscellaneous Provisions
Advances from funds
Text — Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
§ 165.10. Advances from funds. If there are funds of a municipality, school district or district corporation, other than:
1. The proceeds of bonds, bond anticipation notes, capital notes, urban renewal notes and budget notes, and
2. Funds which, by law, may be used only for stated purposes, which are not immediately required for the purpose or purposes for which the same were borrowed, raised or otherwise created, the finance board may authorize the temporary use of such funds for the purpose or purposes for which an issue of bonds, capital notes or urban renewal notes has been authorized. Suitable records shall be kept of the temporary diversion of such funds. Notwithstanding the provisions of section 165.00 of this chapter, such funds shall be made again available to the municipality, school district or district corporation from the proceeds of such bonds, capital notes or urban renewal notes or from the proceeds of the sale of bond anticipation notes issued in anticipation of the sale of such bonds.
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/LFN165.10
- Text hash
- sha256 d14e288d857177542e70dd143bddadfc0baee89795a7dedcf504cbb1ba38a354
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.