N.Y. Public Authorities Law Section 1199-U
County may levy tax within district

Should it appear to the county legislature 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 county for any moneys that it may have advanced to the authority, the county legislature 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 county and upon the several parcels of real estate in the district located within the county 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 county legislature has pledged such tax prior to the issuance of such bonds. Such tax shall be levied and apportioned upon such territory located within the county and collected from the several parcels of real estate in the district located within the county in like manner as other county taxes. It is hereby determined that the liability imposed upon the territory included in the district located within the county 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.

Source: Section 1199-U — County may levy tax within district, https://www.nysenate.gov/legislation/laws/PBA/1199-U (updated Sep. 22, 2014; accessed Oct. 26, 2024).

1199
Short title 1199‑A
Definitions 1199‑B
Rensselaer county water and sewer district 1199‑C
Rensselaer county water and sewer authority 1199‑D
Powers of the authority 1199‑E
Advances on behalf of the authority 1199‑F
Governmental capacity of the authority and municipalities 1199‑G
Transfer of officers and employees 1199‑H
Bonds of the authority 1199‑I
Remedies of bondholders 1199‑J
State and county not liable on authority bonds 1199‑K
Moneys of the authority 1199‑L
Bonds legal investments for fiduciaries 1199‑M
Agreement of the state 1199‑N
Exemption from taxes, assessments and certain fees 1199‑O
Actions against authority 1199‑P
Contracts 1199‑Q
Interest in contracts prohibited 1199‑R
Audit and annual report 1199‑S
Limited liability 1199‑T
Environmental applications, proceedings, approvals and permits 1199‑U
County may levy tax within district 1199‑V
Authority, water board and city to take affirmative action 1199‑W
Separability 1199‑X
Effect of inconsistent provisions

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 1199-U’s source at nysenate.gov

Link Style

Stay Connected

Join thousands of people who receive monthly site updates.

Get Legal Help

The New York State Bar Association runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral Service

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

Location: https://newyork.public.law/laws/n.y._public_authorities_law_section_1199-u

Original Source: Section 1199-U — County may levy tax within district, https://www.nysenate.gov/legislation/laws/PBA/1199-U (last accessed Aug. 20, 2023).