N.Y. Tax Law § 1262-i: Allocation of net collections from the additional one percent rate of sales and compensating use taxes in the county of Tioga

§ 1262-i. Allocation of net collections from the additional one

percent rate of sales and compensating use taxes in the county of Tioga.

Notwithstanding any contrary provision of law, one-half of the net

collections received by the county of Tioga from the one percent sales

and compensating use taxes in addition to the three percent rate, each

as authorized by section twelve hundred ten of this article, shall be

deposited in the general fund of such county and one-half of such

collections shall be deposited by the county of Tioga in a capital

reserves fund. Disbursements from such capital reserves fund shall

solely be made for the purposes of capital projects and repaying any

debts incurred for such capital projects in the county of Tioga.