State Codes and Statutes

Statutes > New-york > Twn > Article-15 > 231-a

§  231-a. Permanent financing of district improvements to be paid from  general taxation. When the cost of any improvement is  to  be  assessed,  levied and collected from the several lots and parcels of lands within a  district  in the same manner and at the same time as other town charges,  the town board may  finance  said  improvement  pursuant  to  the  local  finance law. The town board shall raise annually by tax a sum sufficient  to  pay  the interest and the principal of obligations issued to finance  such improvement, if not otherwise paid, as the same shall  become  due;  such  tax  shall be assessed, levied and collected from the several lots  and parcels of land within the district in the same manner  and  at  the  same time as the annual tax for other town charges.    Annual collections of such taxes shall be applied by the supervisor in  payment  of  maturing  obligations and accruing interest, for which such  taxes were levied. If the total of  annual  collections  of  such  taxes  shall be less than the amount required for such purposes, the town board  may direct that surplus moneys not otherwise appropriated be applied.

State Codes and Statutes

Statutes > New-york > Twn > Article-15 > 231-a

§  231-a. Permanent financing of district improvements to be paid from  general taxation. When the cost of any improvement is  to  be  assessed,  levied and collected from the several lots and parcels of lands within a  district  in the same manner and at the same time as other town charges,  the town board may  finance  said  improvement  pursuant  to  the  local  finance law. The town board shall raise annually by tax a sum sufficient  to  pay  the interest and the principal of obligations issued to finance  such improvement, if not otherwise paid, as the same shall  become  due;  such  tax  shall be assessed, levied and collected from the several lots  and parcels of land within the district in the same manner  and  at  the  same time as the annual tax for other town charges.    Annual collections of such taxes shall be applied by the supervisor in  payment  of  maturing  obligations and accruing interest, for which such  taxes were levied. If the total of  annual  collections  of  such  taxes  shall be less than the amount required for such purposes, the town board  may direct that surplus moneys not otherwise appropriated be applied.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Twn > Article-15 > 231-a

§  231-a. Permanent financing of district improvements to be paid from  general taxation. When the cost of any improvement is  to  be  assessed,  levied and collected from the several lots and parcels of lands within a  district  in the same manner and at the same time as other town charges,  the town board may  finance  said  improvement  pursuant  to  the  local  finance law. The town board shall raise annually by tax a sum sufficient  to  pay  the interest and the principal of obligations issued to finance  such improvement, if not otherwise paid, as the same shall  become  due;  such  tax  shall be assessed, levied and collected from the several lots  and parcels of land within the district in the same manner  and  at  the  same time as the annual tax for other town charges.    Annual collections of such taxes shall be applied by the supervisor in  payment  of  maturing  obligations and accruing interest, for which such  taxes were levied. If the total of  annual  collections  of  such  taxes  shall be less than the amount required for such purposes, the town board  may direct that surplus moneys not otherwise appropriated be applied.

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