N.Y. General Municipal Law § 94-a: Tax equivalent payments of the city of Jamestown board of public utilities

§ 94-a. Tax equivalent payments of the city of Jamestown board of

public utilities. Notwithstanding any law, rule or regulation to the

contrary, in addition to the amount equivalent to taxes authorized to be

earned and paid pursuant to section ninety-four of this chapter, the

city of Jamestown is hereby authorized in the operation of its board of

public utilities electric utility service to earn and pay from such

operation to the Jamestown city school district an amount equivalent to

taxes which said service, if privately owned, would pay to such school

district. The terms and conditions of any such tax equivalent payments

shall be determined in accordance with agreements entered into from time

to time between such school district and such board of public utilities.