Local Finance Law § 62.00 · Title 4. Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof
Interim bonds
Text — Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
§ 62.00 Interim bonds. The agency selling and issuing the bonds of a municipality, school district or district corporation may issue interim bonds pending the printing or engraving and delivery of bonds in definitive form. Such interim bonds shall be of substantially the same form and tenor as the definitive bonds, except that they shall also provide that they are exchangeable for the definitive bonds when such bonds are ready for delivery, and if such definitive bonds are coupon bonds, the interim bonds need not have coupons attached but may provide for the payment of interest upon their presentation for notation of such payment thereon. Such interim bonds may be issued in such denominations as the purchaser may request, which may be one denomination equal to the principal amount of the bond issue.
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/LFN62.00
- Text hash
- sha256 989ed8920b56a1804da7d4d2ca6a6abeba421ab22855a7fae3ba8f68089ea581
- 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.