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Home » US Law » 2022 New York Laws » Consolidated Laws » STF - State Finance » Article 5-A - Certificates of Participation » 66-E – Restrictions on the Use of Certificates of Participation for Real Property.

§ 66-e. Restrictions on the use of certificates of participation for real property. Certificates of participation or similar instruments shall not be used to finance the acquisition or improvement of real property unless specifically authorized in an appropriation bill or some other law for such real property installment purchase.