85.50 – Termination of Stay.
§ 85.50 Termination of stay. Any order extending a stay pursuant to section 85.40 of this title may be vacated or modified if, upon motion of any creditor affected thereby, the court finds, after a hearing: (a) that the municipality has failed to comply with a material provision of the repayment plan; or (b) that, […]
85.60 – Modification of Plan.
§ 85.60 Modification of plan. At any time prior to the entry of an order approving or disapproving a repayment plan pursuant to section 85.40 of this title, the municipality, with the approval of its financial emergency control board, or any such board with or without the approval of the municipality, may file modifications thereof, […]
85.70 – Notice to Creditors.
§ 85.70 Notice to creditors. Upon the filing of a petition pursuant to section 85.30 of this title, or of a repayment plan or amendment or modification thereof pursuant to section 85.40 or 85.60 of this title, or upon the application for, or the entry of, any order extending, vacating or modifying a stay pursuant […]
85.80 – Authority for Municipality or Emergency Financial Control Board to File Petition Under Federal Statute.
§ 85.80 Authority for municipality or emergency financial control board to file petition under federal statute. A municipality or its emergency financial control board in addition to, or in lieu of, filing a petition under this title, or the city of New York or the New York state financial control board, may file any petition […]
85.90 – Judicial Review.
§ 85.90 Judicial review. If any repayment plan or amendment or modification thereof proposed pursuant to this title is disapproved, or if any stay is vacated or modified or an extension thereof is denied, or if any other order pursuant to this title is entered by the court which is adverse to the municipality or […]
90.00 – Refunding of Bonds.
§ 90.00 Refunding of bonds. a. 1. A municipality, school district or district corporation may issue serial bonds to refund bonds issued on or after January first, nineteen hundred thirty-nine, other than bonds issued to redeem notes, certificates or other evidences of indebtedness issued prior to January first, nineteen hundred thirty-nine, in anticipation of such […]
90.10 – Advance Refunding of Certain Bonds.
§ 90.10 Advance refunding of certain bonds. a. As used in this section: 1. The term “escrow contract” shall mean a contract entered into by and between a municipality, school district or district corporation and a bank or trust company pursuant to paragraph i of this section. 2. The term “escrow holder” shall mean the […]
81.00 – Bond Resolution, or Note Resolution or Certificate, Containing Estoppel Clause; Publication and Notice.
§ 81.00 Bond resolution, or note resolution or certificate, containing estoppel clause; publication and notice. a. If a resolution of a finance board authorizing the issuance of bonds or notes or the certificate of a chief fiscal officer authorizing the issuance of notes contains the statement referred to in section 80.00 of this chapter, such […]
82.00 – Twenty Day Period of Limitation.
§ 82.00 Twenty day period of limitation. After the publication of a resolution, summary of such resolution or certificate together with such a notice, the validity of the obligations authorized thereby may be contested only if: 1. Such obligations were authorized for an object or purpose for which the municipality, school district or district corporation […]
83.00 – Contesting of Validity of Obligations; Substantial Compliance.
§ 83.00 Contesting of validity of obligations; substantial compliance. a. If an action, suit or proceeding contesting the validity of the obligations authorized by such resolution or certificate is commenced within twenty days from the date of publication of such resolution, summary of such resolution or certificate together with such notice, the court in which […]