N.Y. County Law § 843: Advancing school taxes in Suffolk county

§ 843. Advancing school taxes in Suffolk county. In Suffolk county the

county treasurer shall advance to the several school districts within

said county, in anticipation of the collection of the school tax levies

therein, and to provide funds for meeting the expenses in the said

several districts prior to the receiving of moneys from the collection

of school taxes, from funds in his hands available, such advancements

only to be made upon a verified copy of the annual budget voted at the

preceding school meeting and verified report of the trustees or board of

education of each district applying for such advancement showing the

amount of moneys on hand and a list of unpaid current bills of said

district, such advancements to be made in installments in the months of

September, October, November and December, and not exceeding fifteen per

centum in September, fifteen per centum in October, ten per centum in

November, and ten per centum in December, of the total amount of the

annual budget of such district to which such advancement be made. The

county treasurer of Suffolk county is hereby authorized to reimburse the

county of Suffolk for such advancements as soon as the funds collected

in the various school districts are available therefor.