Local Finance Law § 174.00 · Article 3. Effect of Chapter; Saving Clauses; Laws Repealed; When to Take Effect
Previously authorized obligations not affected; redemption of outstanding obligations
Text — Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
§ 174.00 Previously authorized obligations not affected; redemption of outstanding obligations. The repeal by this chapter of any act authorizing the issuance of bonds, notes, certificates or other evidences of indebtedness heretofore authorized, issued or sold shall not be construed to impair the validity or legality of any such obligations or to affect in any way, the rights and duties prescribed therein. The provisions of law in force and effect prior to the effective date of this chapter, relating to and providing for the means for the payment, other than by refunding, of bonds, notes, certificates or other evidences of indebtedness theretofore authorized, issued or sold, and interest thereon, shall continue also to apply notwithstanding anything contained in the table of repeals hereto annexed.
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/LFN174.00
- Text hash
- sha256 ee3113017eba01b1b7f104ed764a018fbc7db7d9b23b2af9e7d352c5cbc01ce0
- 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.