New York Statutes
§ 980-K — Tax and debt limitations
New York § 980-K
This text of New York § 980-K (Tax and debt limitations) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. General Municipal § 980-K (2026).
Text
§ 980-k. Tax and debt limitations.
(a)The aggregate amount of\noutstanding indebtedness that is incurred to provide funds for capital\nimprovements pursuant to this article shall be chargeable against the\nmunicipality's constitutional debt limit and may not exceed ten percent\nof the amount allowable under that limit. The aggregate amount of\noutstanding indebtedness that is incurred to provide funds for capital\nimprovements pursuant to this article and that is chargeable against the\nproperty within the district may not exceed seven percent of the average\nfull valuation of taxable real property in the district.\n (b) The district charge, exclusive of debt service, levied in a given\nyear against real property in a district may not exceed twenty percent\nof the total general municip
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Nearby Sections
15
§ 980
Definitions§ 980-B
Local adoption of article§ 980-C
Local legislative powers§ 980-D
District plan§ 980-E
Notice and hearing§ 980-J
Expense of the district§ 980-K
Tax and debt limitationsCite This Page — Counsel Stack
Bluebook (online)
New York § 980-K, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/GMU/980-K.