New York Statutes

§ 2799-UUU — Agreements relating to payment in lieu of taxes

New York·Law PBA Public Authorities·Title 34 Syracuse Regional Airport Authority·Art. 8 Miscellaneous Authorities

§ 2799-uuu. Agreements relating to payment in lieu of taxes.

1.In\norder to assure that municipalities may not suffer undue loss payments\nin lieu of taxes, the city has entered into payment in lieu of tax\nagreements with the East Syracuse Minoa central school district, the\ntown of Dewitt, the town of Salina, the town of Cicero and the North\nSyracuse central school district. The authority is obligated to continue\nto make any PILOT payments as set forth in these PILOT agreements.\n 2. Subject to any agreement with bondholders, the authority may, but\nis not required to, increase the amount of the payments in lieu of taxes\nto any such municipality in respect of any real property which is owned\nor leased by the authority, is located in such municipality, and is used\nfor the airport

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