Emergency Financial Control Board
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Emergency Financial Control Board
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Name :
Emergency Financial Control Board
E.F.C.B.
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Name :
E.F.C.B.
EFCB
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EFCB
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Exist Dates
Biographical History
The New York State Emergency Financial Control Board (E.F.C.B.) for the City of Yonkers was created in 1975 (Ch. 871) to oversee the financial recovery of the then nearly bankrupt city of Yonkers.
With the approval of the board, the city developed a financial plan to cope with the crises. The act of 1975 gave the E.F.C.B. the right of approval and disapproval of all contracts and loans entered into by the city. The E.F.C.B. was discontinued in 1978, when the City of Yonkers had returned to a sound financial condition.
The members of the E.F.C.B. consisted of the State Comptroller, the Mayor and City Manager of Yonkers, the Secretary of State and three members appointed by the Governor, with the consent of the Senate. The State Comptroller was the chairman of the Board.
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External Related CPF
https://viaf.org/viaf/125535897
https://www.worldcat.org/identities/lccn-n84053975
https://id.loc.gov/authorities/n84053975
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Internal CPF Relations
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Languages Used
Subjects
Finance, Public
Nationalities
Activities
Finance
Occupations
Legal Statuses
Places
Yonkers (N.Y.)
as recorded (not vetted)
AssociatedPlace
New York (State)
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AssociatedPlace
Convention Declarations
<conventionDeclaration><citation>VIAF</citation></conventionDeclaration>