N.Y. County Law 379 – Extension of fiscal year
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§ 379. Extension of fiscal year. The fiscal year of each county expiring prior to December thirty-first, nineteen hundred fifty, shall be and hereby is extended to include such December thirty-first. Nothing in this article contained shall invalidate any contract or expenditure for a lawful purpose entered into or made during the period of such extension.
Terms Used In N.Y. County Law 379
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.