Raises the exclusion of certain indebtedness of school districts in cities with less than 125,000 inhabitants.
This bill amends the local finance law to raise the exclusion of certain indebtedness of school districts in cities with less than 125,000 inhabitants. It modifies the exclusion of certain indebtedness of school districts, allowing for deductions in debt statements for school districts outside cities with 125,000 or more inhabitants. The bill also specifies the types of indebtedness that can be included in a school district's debt statement, such as outstanding bonds and bond anticipation notes.
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