New York Laws
Title 2 - Albany Light, Heat and Power Authority
1041 - County May Levy Tax Within District.

* § 1041. County may levy tax within district. Should it appear to the
board of supervisors 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 board of supervisors shall determine
the amount of money necessary to be raised for such purpose, and shall
levy a tax on the territory of the district and upon the several parcels
of real estate in the district 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 board of supervisors has pledged such tax prior
to the issuance of such bonds. Such tax shall be levied and apportioned
upon such territory and collected from the several parcels of real
estate in the district in like manner as other county taxes.

It is hereby determined that the liability imposed upon the territory
included in the district 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.

* NB Terminated July 1, 1963