N.Y. Local Finance Law § 33.00: Bond resolution and capital note resolution; procedure for enactment thereof

§ 33.00 Bond resolution and capital note resolution; procedure for

enactment thereof. a. Every bond resolution and capital note resolution

shall be adopted by at least a two-thirds vote of the voting strength of

the finance board, except that (1) where a bond resolution or a capital

note resolution is subject to mandatory referendum before it shall

become effective or (2) where a bond resolution provides that it shall

be submitted to a referendum in the manner authorized by or pursuant to

this chapter, a three-fifths vote shall be sufficient. A majority vote

shall be sufficient for the adoption of a resolution authorizing the

renewal of a capital note.

b. Any village having a population of five thousand or more, as

determined pursuant to the last available federal census, and any city

may hereafter adopt, in the manner provided by law, a local law

requiring public hearings on all bond resolutions and capital note

resolutions or on bond resolutions and capital note resolutions

authorizing the issuance of obligations for such purposes or amounts as

may be specified in such local law. Such a local law shall prescribe the

procedure for such public hearings.