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

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

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

Chenango. Notwithstanding any contrary provision of law, all net

collections received by the county of Chenango 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 used, in the first instance, to pay the cost of constructing and

repaying any debts incurred in the construction of the Chenango county

public safety building project, and any operational costs related to the

Chenango county public safety building. Any and all revenue derived from

such additional one percent tax, after the construction and debt

financing costs of the Chenango county public safety building project

annex, and any operational costs related to the Chenango county public

safety building are paid, shall be deposited by the county of Chenango

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

Chenango.

* NB There are 2 § 1262-m's