Notwithstanding section 29.1 of this Part, until August 1, 1961, any city, town or village may, in the alternative, use the debt statement form prescribed by the regulation of the State Comptroller promulgated on September 16, 1960, repealed by this order (former Appendix 1, pp. 98.1-98.6 AC 11-21-60) with such appropriate changes as may be required to comply with provisions of the Local Finance Law.