§ 151.00 Contents of statement of housing and urban renewal\nindebtedness. a. If there remains unpaid any indebtedness contracted by\na city, town or village to effectuate any of the purposes of article\neighteen of the state constitution, as implemented by the public housing\nlaw and any other law, then within sixty days after the close of the\nfiscal year of such municipality, the chief fiscal officer thereof shall\nfile with the state commissioner of housing and with the state\ncomptroller a verified statement of the power of such municipality to\ncontract indebtedness for housing purposes or urban renewal. Not more\nthan fifteen nor less than three days before any such municipality\nexcept a city of over one million inhabitants contracts any indebtedness\nfor such purposes, it shall file with the same officials a verified\nsupplemental statement of its housing and urban renewal debt contracting\npower showing any additions to, omissions of or changes in the items or\nstatements contained in its previous annual housing and urban renewal\ndebt statement and also showing the amount of such indebtedness proposed\nto be contracted. A city of over one million inhabitants shall file\nverified supplemental statements of its housing and urban renewal debt\ncontracting powers as of the last day of September, December and March,\nif additional housing and urban renewal indebtedness has been incurred\nsince the date as of which the last preceding housing and urban renewal\ndebt statement was filed, not later than the twenty-fifth day of\nOctober, January and April, respectively. A duplicate copy of every\nannual and supplemental housing and urban renewal debt statement shall\nbe filed in the same period of time with the clerk or corresponding\nofficer of such municipality. In the case of a city containing more than\none county, such statements in addition to being filed with the city\nclerk shall also be filed in the same period of time in the office of\nthe chief fiscal officer thereof. Such annual and supplemental housing\nand urban renewal debt statements and duplicates thereof filed pursuant\nto this section shall be public records.\n b. The annual statement shall contain the items of indebtedness\nenumerated in section 135.00 of this chapter which are contracted by\nsuch city, town or village for the purposes set forth in paragraph a of\nsection 150.00 of this chapter. The total of such items shall constitute\nthe gross housing and urban renewal indebtedness of such municipality.\nFrom such gross indebtedness there may be deducted:\n 1. In the case of a town or a village having a population of less than\nfive thousand as determined by the last federal census, pursuant to\nsubdivision nine of section 136.00 of this chapter, the amount of\nindebtedness arising from a guarantee, a loan by the state to a housing\nauthority acting as an instrumentality of such town or village or a\ncontract for a periodic subsidy.\n 2. In the case of a city or a village having a population of five\nthousand or more as determined by the last federal census\n (a) The unpaid balance of a loan by the state to any housing authority\nacting as an instrumentality of such city or village, if such housing\nauthority is not in default in payment under the terms of such loan.\n (b) The amount of outstanding indebtedness contracted by a city or\nsuch a village for any project aided by a guarantee or guarantees\nrepresenting such indebtedness or by a loan or loans for which such\nindebtedness was contracted, if such project or projects shall have\nyielded net revenue during the preceding fiscal year. The determination\nas to whether such project or projects have yielded net revenue shall be\nmade pursuant to section 152.00 of this chapter.\n (c) The amount of outstanding indebtedness arising:\n (1) From a guarantee of the payment of the principal of and interest\non or only the interest on the indebtedness of a housing authority, or\nfrom a loan by the sta
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