New York State Finance Law Article 5-A - CERTIFICATES OF PARTICIPATION

• 66-a - Restriction on Issuance of Certificates of Participation.
  1. No person, partnership, corporation or other legal entity nor any state officer, employee, agency, department, the city university of New York, the legislature or...
• 66-b - Issuance of Certificates of Participation.
  1. The director of the budget shall determine whether the use of certificates of participation to finance and/or to refinance installment purchase or lease purchase...
• 66-c - Certificates of Participation Not Debt.
  Certificates of participation or similar instruments issued pursuant to this article and the underlying installment purchase or lease purchase contracts do not constitute or create...
• 66-d - Annual Ceiling on Certificates of Participation.
  1. The governor shall include in the bills which he submits in connection with the executive budget his recommendation as to the total maximum amount...
• 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...
• 66-f - Certain Interagency Transfers Authorized.
  The director of the budget may, if necessary, authorize the transfer of monies from one state department, agency or the city university of New York...
• 66-g - Indemnification.
  Any agreement for the issuance of certificates of participation to fund installment purchases by the state may provide that the state will indemnify the trustee,...
• 66-h - Restriction on Sale in the Event of Nonappropriation.
  1. Any agreement for the issuance of certificates of participation to fund installment purchases or lease purchases by the state may provide that the certificates...
• 66-j - Annual Report.
  On or before February fifteenth of each fiscal year, beginning with the nineteen hundred eighty-eight--eighty-nine fiscal year and ending with the nineteen hundred ninety-seven--ninety-eight fiscal...
• 66-k - Certificates of Participation; Reallocation Requirements.
  1. This section shall not apply to appropriations made to units of the state university or the city university of New York. 2. In those...
• 66-l - Certificates of Participation Executed and Delivered by the State of New York Bond Bank Agency on Behalf of a Political Subdivision.
  The provisions of this article shall not apply to certificates of participation executed and delivered by the state of New York bond bank agency on...

Last modified: February 3, 2019