State Codes and Statutes

Statutes > New-york > Lfn > Article-2 > Title-3 > 35-00

§  35.00  Bond  resolution  subject  to referendum; towns.   a. A bond  resolution adopted by the finance board of any town for the  purpose  of  financing  a  town  highway improvement shall be subject to a permissive  referendum or such resolution may be submitted to a referendum  by  such  finance  board  on  its  own motion, in the manner prescribed in article  seven of the town law, as amended from time to time, if no part  of  the  cost  of  any  such  improvement  is to be paid by the county, or by the  state, as provided in the  highway  law  or  is  to  be  levied  against  property   situated  within  any  incorporated  village  in  such  town.  Notwithstanding the foregoing  provisions  of  this  paragraph,  a  bond  resolution  or  resolutions  adopted  by  the  finance board of any town  authorizing the issuance of bonds for any such town highway  improvement  or  improvements to the extent of not to exceed fifteen thousand dollars  in the aggregate in any fiscal year of the town shall not be subject  to  such  permissive referendum if the bonds have a proposed maturity of not  more than five years to be measured from the date of the bonds  or  from  the  date  of the first bond anticipation note issued in anticipation of  sale of such bonds, whichever date  is  the  earlier.  Furthermore,  the  foregoing  provisions  of  this  paragraph  shall  not  apply  to a bond  resolution authorizing the issuance of  bonds  to  finance  improvements  undertaken  pursuant  to  either  section  two  hundred  or  section two  hundred-a of the town law, as amended from time to time.    b. Except as otherwise provided in paragraph a of this section,    1. A bond resolution adopted by the finance board of a town  shall  be  subject  to  a permissive referendum or such resolution may be submitted  to a referendum by such finance board on its own motion, in  the  manner  prescribed  in  article  seven  of the town law, as amended from time to  time.    The foregoing provisions of this paragraph b shall not apply to a bond  resolution authorizing the issuance of bonds:    (1) With a proposed maturity  of  not  more  than  five  years  to  be  measured  from  the date of the bonds or from the date of the first bond  anticipation note issued in anticipation of  the  sale  of  such  bonds,  whichever date is the earlier.    (2)  For  any  district  or special improvement authorized by articles  three-A, twelve, twelve-A and twelve-C of the town law, as amended  from  time  to  time,  or  for  any  such  improvement authorized by any other  general or special law where the cost thereof is  to  be  assessed  upon  benefitted  real  property  except  for a bond resolution adopted by the  finance board of the Town of Oyster Bay for the purpose of financing  an  original capital improvement for an existing park district in said town,  where  the  estimated  maximum  cost  of  such  improvement shall be two  million or more.    (3) For the construction, pavement or other improvement of a street or  highway through such town, the cost of which is to be paid  in  part  by  such town and in part by the county or state, as provided in the highway  law, as amended from time to time.    (4)  For  the  payment  of judgments, or compromised or settled claims  against such town, or awards or sums payable by such town pursuant to  a  determination  by  a  court,  or an officer, body or agency acting in an  administrative or quasi-judicial capacity.    c. The expenditure  of  money  for  which  it  is  proposed  to  issue  obligations shall not be subject to a permissive or mandatory referendum  in any town.    d.  The  provisions  of  paragraphs  a and b of this section shall not  apply to any bond resolution which authorizes the issuance of bonds  for  the  reconstruction of a bridge, tunnel, viaduct or underpass or for the  reconstruction or repair of a highway, road, street, parkway or  parkingarea,  whether  or  not  including  sidewalks, curbs, gutters, drainage,  landscaping  or  grading,  if  (1)  such  reconstruction  or  repair  is  necessitated  by  a  storm,  flood,  earthquake  or  other unforeseeable  disaster  and  (2)  the county superintendent of highways certifies that  such work should be commenced within eight months after such disaster in  order to prevent unusual peril to the lives and property of the citizens  of the town and (3) such bond resolution has been adopted  within  eight  months after such disaster.

State Codes and Statutes

Statutes > New-york > Lfn > Article-2 > Title-3 > 35-00

§  35.00  Bond  resolution  subject  to referendum; towns.   a. A bond  resolution adopted by the finance board of any town for the  purpose  of  financing  a  town  highway improvement shall be subject to a permissive  referendum or such resolution may be submitted to a referendum  by  such  finance  board  on  its  own motion, in the manner prescribed in article  seven of the town law, as amended from time to time, if no part  of  the  cost  of  any  such  improvement  is to be paid by the county, or by the  state, as provided in the  highway  law  or  is  to  be  levied  against  property   situated  within  any  incorporated  village  in  such  town.  Notwithstanding the foregoing  provisions  of  this  paragraph,  a  bond  resolution  or  resolutions  adopted  by  the  finance board of any town  authorizing the issuance of bonds for any such town highway  improvement  or  improvements to the extent of not to exceed fifteen thousand dollars  in the aggregate in any fiscal year of the town shall not be subject  to  such  permissive referendum if the bonds have a proposed maturity of not  more than five years to be measured from the date of the bonds  or  from  the  date  of the first bond anticipation note issued in anticipation of  sale of such bonds, whichever date  is  the  earlier.  Furthermore,  the  foregoing  provisions  of  this  paragraph  shall  not  apply  to a bond  resolution authorizing the issuance of  bonds  to  finance  improvements  undertaken  pursuant  to  either  section  two  hundred  or  section two  hundred-a of the town law, as amended from time to time.    b. Except as otherwise provided in paragraph a of this section,    1. A bond resolution adopted by the finance board of a town  shall  be  subject  to  a permissive referendum or such resolution may be submitted  to a referendum by such finance board on its own motion, in  the  manner  prescribed  in  article  seven  of the town law, as amended from time to  time.    The foregoing provisions of this paragraph b shall not apply to a bond  resolution authorizing the issuance of bonds:    (1) With a proposed maturity  of  not  more  than  five  years  to  be  measured  from  the date of the bonds or from the date of the first bond  anticipation note issued in anticipation of  the  sale  of  such  bonds,  whichever date is the earlier.    (2)  For  any  district  or special improvement authorized by articles  three-A, twelve, twelve-A and twelve-C of the town law, as amended  from  time  to  time,  or  for  any  such  improvement authorized by any other  general or special law where the cost thereof is  to  be  assessed  upon  benefitted  real  property  except  for a bond resolution adopted by the  finance board of the Town of Oyster Bay for the purpose of financing  an  original capital improvement for an existing park district in said town,  where  the  estimated  maximum  cost  of  such  improvement shall be two  million or more.    (3) For the construction, pavement or other improvement of a street or  highway through such town, the cost of which is to be paid  in  part  by  such town and in part by the county or state, as provided in the highway  law, as amended from time to time.    (4)  For  the  payment  of judgments, or compromised or settled claims  against such town, or awards or sums payable by such town pursuant to  a  determination  by  a  court,  or an officer, body or agency acting in an  administrative or quasi-judicial capacity.    c. The expenditure  of  money  for  which  it  is  proposed  to  issue  obligations shall not be subject to a permissive or mandatory referendum  in any town.    d.  The  provisions  of  paragraphs  a and b of this section shall not  apply to any bond resolution which authorizes the issuance of bonds  for  the  reconstruction of a bridge, tunnel, viaduct or underpass or for the  reconstruction or repair of a highway, road, street, parkway or  parkingarea,  whether  or  not  including  sidewalks, curbs, gutters, drainage,  landscaping  or  grading,  if  (1)  such  reconstruction  or  repair  is  necessitated  by  a  storm,  flood,  earthquake  or  other unforeseeable  disaster  and  (2)  the county superintendent of highways certifies that  such work should be commenced within eight months after such disaster in  order to prevent unusual peril to the lives and property of the citizens  of the town and (3) such bond resolution has been adopted  within  eight  months after such disaster.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Lfn > Article-2 > Title-3 > 35-00

§  35.00  Bond  resolution  subject  to referendum; towns.   a. A bond  resolution adopted by the finance board of any town for the  purpose  of  financing  a  town  highway improvement shall be subject to a permissive  referendum or such resolution may be submitted to a referendum  by  such  finance  board  on  its  own motion, in the manner prescribed in article  seven of the town law, as amended from time to time, if no part  of  the  cost  of  any  such  improvement  is to be paid by the county, or by the  state, as provided in the  highway  law  or  is  to  be  levied  against  property   situated  within  any  incorporated  village  in  such  town.  Notwithstanding the foregoing  provisions  of  this  paragraph,  a  bond  resolution  or  resolutions  adopted  by  the  finance board of any town  authorizing the issuance of bonds for any such town highway  improvement  or  improvements to the extent of not to exceed fifteen thousand dollars  in the aggregate in any fiscal year of the town shall not be subject  to  such  permissive referendum if the bonds have a proposed maturity of not  more than five years to be measured from the date of the bonds  or  from  the  date  of the first bond anticipation note issued in anticipation of  sale of such bonds, whichever date  is  the  earlier.  Furthermore,  the  foregoing  provisions  of  this  paragraph  shall  not  apply  to a bond  resolution authorizing the issuance of  bonds  to  finance  improvements  undertaken  pursuant  to  either  section  two  hundred  or  section two  hundred-a of the town law, as amended from time to time.    b. Except as otherwise provided in paragraph a of this section,    1. A bond resolution adopted by the finance board of a town  shall  be  subject  to  a permissive referendum or such resolution may be submitted  to a referendum by such finance board on its own motion, in  the  manner  prescribed  in  article  seven  of the town law, as amended from time to  time.    The foregoing provisions of this paragraph b shall not apply to a bond  resolution authorizing the issuance of bonds:    (1) With a proposed maturity  of  not  more  than  five  years  to  be  measured  from  the date of the bonds or from the date of the first bond  anticipation note issued in anticipation of  the  sale  of  such  bonds,  whichever date is the earlier.    (2)  For  any  district  or special improvement authorized by articles  three-A, twelve, twelve-A and twelve-C of the town law, as amended  from  time  to  time,  or  for  any  such  improvement authorized by any other  general or special law where the cost thereof is  to  be  assessed  upon  benefitted  real  property  except  for a bond resolution adopted by the  finance board of the Town of Oyster Bay for the purpose of financing  an  original capital improvement for an existing park district in said town,  where  the  estimated  maximum  cost  of  such  improvement shall be two  million or more.    (3) For the construction, pavement or other improvement of a street or  highway through such town, the cost of which is to be paid  in  part  by  such town and in part by the county or state, as provided in the highway  law, as amended from time to time.    (4)  For  the  payment  of judgments, or compromised or settled claims  against such town, or awards or sums payable by such town pursuant to  a  determination  by  a  court,  or an officer, body or agency acting in an  administrative or quasi-judicial capacity.    c. The expenditure  of  money  for  which  it  is  proposed  to  issue  obligations shall not be subject to a permissive or mandatory referendum  in any town.    d.  The  provisions  of  paragraphs  a and b of this section shall not  apply to any bond resolution which authorizes the issuance of bonds  for  the  reconstruction of a bridge, tunnel, viaduct or underpass or for the  reconstruction or repair of a highway, road, street, parkway or  parkingarea,  whether  or  not  including  sidewalks, curbs, gutters, drainage,  landscaping  or  grading,  if  (1)  such  reconstruction  or  repair  is  necessitated  by  a  storm,  flood,  earthquake  or  other unforeseeable  disaster  and  (2)  the county superintendent of highways certifies that  such work should be commenced within eight months after such disaster in  order to prevent unusual peril to the lives and property of the citizens  of the town and (3) such bond resolution has been adopted  within  eight  months after such disaster.