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This entry was published on 2014-09-22
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SECTION 7
Overlapping jurisdictions
Private Activity Bond 47/90 (PAB) CHAPTER ROOT, TITLE 1
* § 7. Overlapping jurisdictions. In a geographic area represented by
a county local agency and one or more sub-county local agencies, the
allocation granted by section three of this act with respect to such
area of overlapping jurisdiction shall be apportioned one-half to the
county local agency and one-half to the sub-county local agency or
agencies. Where there is a local agency for the benefit of a village
within the geographic area of a town for the benefit of which there is a
local agency, the allocation of the village local agency shall be based
on the population of the geographic area of the village, and the
allocation of the town local agency shall be based upon the population
of the geographic area of the town outside of the village.
Notwithstanding the foregoing, a local agency may surrender all or part
of its allocation for such calendar year to another local agency with an
overlapping jurisdiction. Such surrender shall be made at such time and
in such manner as the commissioner shall prescribe.
* NB Repealed January 1, 1991