There is a newer version
of
the New York Laws
2017 New York Laws
STF - State Finance
Article 5-A - Certificates of Participation
66-E - Restrictions on the Use of Certificates of Participation for Real Property.
Universal Citation: NY State Fin L § 66-E (2017)
66-e. Restrictions on the use of certificates of participation for real property. Certificates of participation or similar instruments shall not be used to finance the acquisition or improvement of real property unless specifically authorized in an appropriation bill or some other law for such real property installment purchase.
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