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

167 words·~1 min read·/ny/constitution/local-finances/10-a

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

§ 10-a. For the purpose of determining the amount of taxes which may

be raised on real estate pursuant to section ten of this article, the

revenues received in each fiscal year by any county, city or village

from a public improvement or part thereof, or service, owned or rendered

by such county, city or village for which bonds or capital notes are

issued after January first, nineteen hundred fifty, shall be applied

first to the payment of all costs of operation, maintenance and repairs

thereof, and then to the payment of the amounts required in such fiscal

year to pay the interest on and the amortization of, or payment of,

indebtedness contracted for such public improvement or part thereof, or

service. The provisions of this section shall not prohibit the use of

excess revenues for any lawful county, city or village purpose. The

provisions of this section shall not be applicable to a public

improvement or part thereof constructed to provide for the supply of

water.