§ 1262-w. Disposition of net collections from the additional rate of
sales and compensating use tax in the county of Putnam. Notwithstanding
any contrary provision of law, if the county of Putnam imposes the
additional one percent rate of sales and compensating use taxes
authorized by section twelve hundred ten of this article for all or any
portion of the period beginning September first, two thousand seven and
ending November thirtieth, two thousand twenty-seven, the county shall
allocate one-ninth of the net collections from the additional one
percent to the towns and villages in the county on the basis of their
respective populations, determined in accordance with the latest
decennial federal census. Each town and village within the county shall
receive at minimum, a sum of fifty thousand dollars annually and shall
use such revenue for public projects limited to local infrastructure
projects and capital improvements.