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New York · Through 2026-09-11

N.Y. Public Authorities Law § 1142: Town may levy tax within district

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Where this section sits in the code
  1. Public Authorities Law
  2. Article 5. Public Utility Authorities
  3. Title 6-C. Town of Wilton Water and Sewer Authority

* § 1142. Town may levy tax within district. Should it appear to the

town board 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 town for any moneys that it may have advanced

to the authority, the town board shall determine the amount of money

necessary to be raised for such purpose, and shall levy a tax on the

territory of the district located within the town and upon the several

parcels of real estate in the district located within the town 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 town board

has pledged such tax prior to the issuance of such bonds. Such tax shall

be levied and apportioned upon such territory located within the town

and collected from the several parcels of real estate in the district

located within the town in like manner as other town taxes. It is hereby

determined that the liability imposed upon the territory included in the

district located within the town 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 There are 2 § 1142's

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

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