New York § 232 Permanent financing of general improvements

New York Statutes

§ 232 — Permanent financing of general improvements

New York § 232

Law TWNTown

Art. 15Financing of Public Improvements

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Bluebook

N.Y. Town § 232 (2026).

Text

§ 232. Permanent financing of general improvements. The town board may\nprovide for the payment of the cost of any public improvement or project\nauthorized by subdivisions eleven-a or eleven-c of section sixty-four,\nor sections eighty-one, two hundred twenty or two hundred twenty-one of\nthis chapter, by any one or by a combination of the following methods,\nnamely:

(1)by the use of surplus moneys of the town or (2) by including\na sum therefor in the annual tax levy or (3) by making funds available\ntherefor pursuant to the local finance law. The town board shall raise\nannually by tax a sum sufficient to pay the interest and the principal\nof such obligations, if not otherwise paid, as the same shall become\ndue; and such tax shall be assessed, levied and collected from all\ntaxabl

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§ 232. Permanent financing of general improvements. The town board may\nprovide for the payment of the cost of any public improvement or project\nauthorized by subdivisions eleven-a or eleven-c of section sixty-four,\nor sections eighty-one, two hundred twenty or two hundred twenty-one of\nthis chapter, by any one or by a combination of the following methods,\nnamely: (1) by the use of surplus moneys of the town or (2) by including\na sum therefor in the annual tax levy or (3) by making funds available\ntherefor pursuant to the local finance law. The town board shall raise\nannually by tax a sum sufficient to pay the interest and the principal\nof such obligations, if not otherwise paid, as the same shall become\ndue; and such tax shall be assessed, levied and collected from all\ntaxable property in the town in the same manner and at the same time as\nthe annual tax for other town charges.\n If the public improvement or project is a refuse disposal plant or\nplants referred to in section two hundred twenty-one of this chapter\nprovision shall be made that the town shall be reimbursed, out of\nrevenues from the improvement or project to pay the cost of which\nobligations were issued, for any moneys so raised by taxation for the\npayment of the principal and interest of such obligations.\n