N.Y. Yonkers Financial Emergency Act § 4

Current through 2024 NY Law Chapter 457

Section 4 - General rights and prohibitions

1.Neither the city nor any covered organization shall borrow or expend any moneys, or in any way, directly or indirectly, expressly or implicitly engage its credit during the emergency period except in compliance with the provisions of this act and the special fiscal act.

2.Nothing contained in this act shall limit the right of the city or any covered organization to comply with the provisions of any existing contract with or for the benefit of the holders of any bonds or notes of the city or such covered organization or with the provisions of the special fiscal act.

3.Nothing contained in this act shall be construed to impair the right of employees to organize or to bargain collectively.

N.Y. Yonkers Financial Emergency Act § 4