2006 New York Code - Authorization Thereof

 
    § 38.10 Bond anticipation note resolution; form and contents.
    Whenever  the  finance  board  shall  authorize  the  issuance of bond
  anticipation notes or renewals thereof,  it  shall  do  so  by  a  "bond
  anticipation  note  resolution."  Each such resolution shall be properly
  dated and shall bear a title which will indicate that it  relates  to  a
  bond  anticipation note. Whenever a bond anticipation note has been duly
  authorized by a chief fiscal officer  the  certificate  required  to  be
  filed  by  such  officer pursuant to section 30.00 of this chapter shall
  bear a title which will indicate that it relates to a bond  anticipation
  note.  Every  such  resolution shall contain, in substance, at least the
  following provisions:
    1. A statement of the specific object  or  purpose  or  the  class  of
  objects  or  purposes for which the obligations to be authorized by such
  resolution are to be issued. Such specific object or  purpose  shall  be
  described  in  brief  and  general  terms  sufficient  for  a reasonable
  identification.
    2.  A  specific  reference  to  the  bond  resolution  or  resolutions
  authorizing  the  bonds  in anticipation of the sale of which such notes
  are to be issued.
    3. A statement of the amount of bonds to be issued for  such  specific
  object or purpose or class of objects or purposes and whether such bonds
  are to be serial or sinking fund bonds.
    4.  A  statement  of  the amount of such bond anticipation notes to be
  issued.
    5. A statement of the amount of  bond  anticipation  notes  which  are
  outstanding which had been previously issued in anticipation of the sale
  of such bonds.
    6.  A  statement as to whether or not such notes are renewal notes and
  if they are, the date of  issuance  of  the  original  notes  issued  in
  anticipation of the sale of such bonds.
    7. A statement of the period of maturity of such notes.
    8.  A  statement  indicating  whether  or not such notes are issued in
  anticipation of bonds for an assessable improvement.