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2019 New York Laws
LFN - Local Finance
Article 3 - Effect of Chapter; Saving Clauses; Laws Repealed; When to Take Effect
174.00 - Previously Authorized Obligations Not Affected; Redemption of Outstanding Obligations.

Universal Citation: NY Loc Fin L § 174.00 (2019)
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§ 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.

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