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N.Y. LFN Law § 121.30

This is the official text of N.Y. LFN Law § 121.30, part of New York’s LFN Law — part of the compiled statutory law of New York, published by the state as "LFN Law." Browse the sections below, each linked to its official government source.

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Exclusion of certain indebtedness of school districts other than school districts in a city with one hundred twenty-five thousand inhabit...

Official statutory text

§ 121.30 Exclusion of certain indebtedness of school districts other\nthan school districts in a city with one hundred twenty-five thousand\ninhabitants or more according to the latest federal census. In\nascertaining the power of a school district, other than a school\ndistrict in a city with one hundred twenty-five thousand inhabitants or\nmore according to the latest federal census, to contract indebtedness\nunder section 104.00 of this article, there may be excluded outstanding\nbonds and bond anticipation notes or indebtedness proposed to be\ncontracted and to be evidenced by bonds or bond anticipation notes to\nfinance the acquisition, construction and installation of a shelter or\nfallout shelter by such school district pursuant to section\ntwenty-three-a of the New York state defense emergency act, but only to\nthe extent to which such indebtedness, at the time it was contracted or\nis to be contracted, did not or will not exceed fifty dollars multiplied\nby the planned shelter occupancy of such shelter.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.