§ 10-A — Application and use of revenues from certain public improvements

§ 10-a. For the purpose of determining the amount of taxes which may\nbe raised on real estate pursuant to section ten of this article, the\nrevenues received in each fiscal year by any county, city or village\nfrom a public improvement or part thereof, or service, owned or rendered\nby such county, city or village for which bonds or capital notes are\nissued after January first, nineteen hundred fifty, shall be applied\nfirst to the payment of all costs of operation, maintenance and repairs\nthereof, and then to the payment of the amounts required in such fiscal\nyear to pay the interest on and the amortization of, or payment of,\nindebtedness contracted for such public improvement or part thereof, or\nservice. The provisions of this section shall not prohibit the use of\nexcess revenues for any lawful county, city or village purpose. The\nprovisions of this section shall not be applicable to a public\nimprovement or part thereof constructed to provide for the supply of\nwater.\n