GroundRules
← Search the law
New York · Through 2026-09-11

N.Y. Public Authorities Law § 1041: County may levy tax within district

Read at publisher ↗
Where this section sits in the code
  1. Public Authorities Law
  2. Article 5. Public Utility Authorities
  3. Title 2. Albany Light, Heat and Power Authority

* § 1041. County may levy tax within district. Should it appear to the

board of supervisors at any time that the revenue of the authority is or

will be insufficient to provide for the payment of any bonds issued

under this title and to reimburse the county for any moneys that it may

have advanced to the authority, the board of supervisors shall determine

the amount of money necessary to be raised for such purpose, and shall

levy a tax on the territory of the district and upon the several parcels

of real estate in the district in an amount sufficient to produce the

amount necessary to be raised as aforesaid; provided that such tax shall

not be levied to pay any bonds of the authority unless the authority

with the consent of the board of supervisors has pledged such tax prior

to the issuance of such bonds. Such tax shall be levied and apportioned

upon such territory and collected from the several parcels of real

estate in the district in like manner as other county taxes.

It is hereby determined that the liability imposed upon the territory

included in the district is based upon the special benefit to such

territory accruing under this title and that the tax to be levied

because of such liability and in proportion to the taxable value of real

estate in such territory will be in proportion to such benefits.

* NB Terminated July 1, 1963

Collected 2026-09-14T19:32:45Z. Source file · JSON

Browse this collection