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New York Consolidated Laws, Local Finance Law - LFN § 138.00 Debt statement to show net indebtedness

Current as of January 01, 2026 | Updated by Findlaw Staff

The debt statement of a municipality, school district in a city or fire district shall include a statement of the total net indebtedness of such municipality, school district or fire district.  Such total net indebtedness shall be computed by subtracting from gross indebtedness the total of the items which may be deducted therefrom pursuant to section 136.00 of this chapter.

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Cite this article: FindLaw.com - New York Consolidated Laws, Local Finance Law - LFN § 138.00 Debt statement to show net indebtedness - last updated January 01, 2026 | https://codes.findlaw.com/ny/local-finance-law/lfn-sect-138-00/

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