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This entry was published on 2014-09-22
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SECTION 1199-U
County may levy tax within district
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 8-D
§ 1199-u. County may levy tax within district. Should it appear to the
county legislature at any time that the revenue of the authority is or
will be insufficient to provide for the payment of any bonds issued
under this title and to reimburse the county for any moneys that it may
have advanced to the authority, the county legislature shall determine
the amount of money necessary to be raised for such purpose, and shall
levy a tax on the territory of the district located within the county
and upon the several parcels of real estate in the district located
within the county in an amount sufficient to produce the amount
necessary to be raised as aforesaid; provided that such tax shall not be
levied to pay any bonds of the authority unless the authority with the
consent of the county legislature has pledged such tax prior to the
issuance of such bonds. Such tax shall be levied and apportioned upon
such territory located within the county and collected from the several
parcels of real estate in the district located within the county in like
manner as other county taxes. It is hereby determined that the liability
imposed upon the territory included in the district located within the
county is based upon the special benefit to such territory accruing
under this title and that the tax to be levied because of such liability
and in proportion to the taxable value of real estate in such territory
will be in proportion to such benefits.