New York LFN Code § 29.00

Budget notes
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§ 29.00 Budget notes. a. 1. Any municipality or district corporation,\nother than a fire district, may issue budget notes during any fiscal\nyear for any unforeseeable public emergency during such year such as\nepidemic, conflagration, riot, storm, flood, earthquake or other unusual\nperil to the lives and property of the citizens of such unit of\ngovernment in such amount as the finance board shall determine to be\nnecessary, but no municipality may issue such notes for emergencies in\nbehalf of any local improvement district. Any school district may issue\nbudget notes during any fiscal year to provide temporary school\nbuildings or facilities in such year when such buildings or facilities\nare necessitated because of an unforeseeable public emergency during\nsuch year such as epidemic, conflagration, riot, storm, flood,\nearthquake or other unusual circumstance preventing the use in whole or\nin part, of the buildings or other facilities used by such school\ndistrict.\n  2. Any municipality or district corporation which adopts an annual\nbudget may issue budget notes during any fiscal year for expenditures\nfor which an insufficient or no provision is made in the annual budget\nfor such fiscal year in an amount not to exceed five per centum of the\namount of such annual budget.\n  Notwithstanding the foregoing limitation, any fire district may issue\nbudget notes pursuant to this subdivision in the amount of at least one\nthousand dollars. In addition, any county which adopts an annual budget\nmay issue budget notes pursuant to this subdivision without limitation\nas to amount for necessary expenditures for the apprehension and\nprosecution of persons charged with the commission of crime and for\nwhich an insufficient or no provision has been made in the annual budget\nfor such fiscal year. If, however, any such municipality or district\ncorporation may issue budget notes for any such expenditures pursuant to\nthe provisions of any other paragraph of this section, such municipality\nor district corporation shall not issue budget notes for any such\nexpenditures pursuant to this subdivision. Any town, and any county, in\ncomputing "the amount of the annual budget" for the purposes of this\nsubdivision shall not include any amounts which are to be paid in the\nfirst instance from improvement district assessments.\n  3. A school district may issue budget notes during the last nine\nmonths of any fiscal year for expenditures for which an insufficient or\nno provision is made in the annual budget for such fiscal year in an\namount not to exceed five per centum of such annual budget. The\nforegoing limitation shall not be applicable in any case in which a\nbudget note resolution has been adopted by the finance board of a school\ndistrict and has been approved by a majority of the qualified voters of\nthe school district present and voting at any annual or special meeting\nof the school district held pursuant to the provisions of the education\nlaw during the last nine months of such fiscal year. The notice for any\nsuch meeting, in addition to complying with applicable provisions of the\neducation law, must state that such budget note resolution will be\nsubmitted for approval by the voters at such meeting; the purpose for\nwhich moneys are proposed to be borrowed under such resolution; the\ntotal amount proposed to be borrowed, and the fiscal year in which taxes\nare required to be levied for the payment of the budget note proposed to\nbe issued. The vote at any such meeting on such proposition shall be by\nballot, or ascertained by taking and recording the ayes and noes of such\nqualified voters attending and voting at such meeting.\n  3-a. Notwithstanding any other provisions of this section, where a\nschool district can demonstrate to the satisfaction of the commissioner\nof education extenuating circumstances that a waiver is warranted for\nthe adoption of a budget note resolution by its finance board, upon\ncertification by

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