New York § 60 - 60Temporary and funded debts
Full text of New York New York Consolidated Laws § 60 — 60Temporary and funded debts, with citation guidance and answers to common questions.
§ 60. 60Temporary and funded debts
§ 60. Temporary and funded debts. (a) Whenever the finance board, as that term is defined in section 2.00 of the local finance law, shall authorize the issuance of bonds or notes, it shall do so by ordinance. (b) Provision shall be made for the payment of each annual installment of a funded debt and accrued interest on such funded debt in the year in which such principal and interest shall become due by the insertion of the proper sum in the annual estimate for the year in question. Bonds issued to provide for the supply of water may be paid out of water rents received by the city.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 60
What does New York Consolidated Laws § 60 cover?
Section 60 ("60Temporary and funded debts") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 60?
A common citation format is "New York Consolidated Laws § 60" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 60 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.