§ 136.00 Statement of total debt; deductions from gross indebtedness.\nThe debt statement of a municipality, school district in a city or fire\ndistrict setting forth its total net indebtedness may contain the\nfollowing items of deduction for the purpose of showing the net\nindebtedness of such municipality, school district or fire district:\n 1. Tax and other revenue anticipation obligations. The amount of\noutstanding indebtedness represented by obligations issued in any fiscal\nyear in anticipation of\n (a) The collection of taxes or assessments on real estate for amounts\ntheretofore actually levied and uncollected or to be levied in such year\nand payable out of such taxes or assessments,\n (b) Money receivable from the state which has theretofore been\napportioned by the state or which is to be so apportioned within one\nyear after their issue, and\n (c) The collection of any other taxes due and payable or to become due\nand payable within one year after their issue or of other revenues,\nincluding the receipt of moneys for any urban renewal project or part\nthereof (1) from the sale of real property, or any interest therein,\nacquired for or incidental to an urban renewal project; or (2) from the\nUnited States government pursuant to title one of the housing act of\nnineteen hundred forty-nine as amended; or (3) from the state of New\nYork for urban renewal purposes pursuant to the general municipal law,\nto be received within one year after their issue;\nexcept any such obligations or renewals thereof, which are not retired\nwithin five years after their date of original issue.\n 1-a. Obligations issued for other than capital improvements. The\namount of outstanding indebtedness evidenced by obligations (except\nserial bonds of an issue having a maximum maturity of more than two\nyears) issued for objects or purposes other than the financing of\ncapital improvements and contracted to be redeemed in one of the two\nfiscal years immediately succeeding the year of their issue.\n 2. Water indebtedness. In the case of a municipality or fire district,\nthe amount of outstanding indebtedness contracted to provide for the\nsupply of water.\n 3. Indebtedness contracted for self-liquidating projects. (a) In the\ncase of a municipality, the amount of outstanding indebtedness,\ncontracted for a public improvement or part thereof, or service, owned\nor rendered by such municipality, which has been excluded pursuant to\nsection 123.00 of this chapter. (b) In the case of a city, village or\ntown, the amount of outstanding indebtedness, contracted by a district\ncorporation, as the term "district corporation" is defined in paragraph\na of section 102.00 of this chapter, if such indebtedness was contracted\nfor a public improvement or part thereof, or service, owned or rendered\nby such district corporation, which has been excluded pursuant to\nsection 123.00 of this chapter. (c) In the case of a county or town, the\namount of outstanding indebtedness, contracted by any such municipality\non behalf of an improvement district for a public improvement or part\nthereof, or service, owned or rendered by such district, which has been\nexcluded pursuant to section 123.00 of this chapter.\n 3-a. Indebtedness arising from the amounts to become due pursuant to\ncontracts for the construction of buildings or other public improvements\nentered into by the state commissioner of general services as agent for\na county or a city pursuant to chapter one hundred fifty-two of the laws\nof nineteen hundred sixty-four or chapter three hundred fifty-four of\nthe laws of nineteen hundred sixty-three, if the amounts which are to\nbecome due pursuant to such contracts are payable in the first instance\nfrom appropriations made by the state for such purposes subject to\nreimbursement of the state by such county or city from the proceeds of\nthe sale of obligations issued by such county or city.\n 3-b. Indebtedness arising from the amounts due or to
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