N.Y. Private Activity Bond 47/90 § 7: Overlapping jurisdictions

* § 7. Overlapping jurisdictions. In a geographic area represented by

a county local agency and one or more sub-county local agencies, the

allocation granted by section three of this act with respect to such

area of overlapping jurisdiction shall be apportioned one-half to the

county local agency and one-half to the sub-county local agency or

agencies. Where there is a local agency for the benefit of a village

within the geographic area of a town for the benefit of which there is a

local agency, the allocation of the village local agency shall be based

on the population of the geographic area of the village, and the

allocation of the town local agency shall be based upon the population

of the geographic area of the town outside of the village.

Notwithstanding the foregoing, a local agency may surrender all or part

of its allocation for such calendar year to another local agency with an

overlapping jurisdiction. Such surrender shall be made at such time and

in such manner as the commissioner shall prescribe.

* NB Repealed January 1, 1991