New York Laws
Part 4 - Disposition of Revenues
1262-M - Allocation of Net Collections From the Additional One Percent Rate of Sales and Compensating Use Taxes in the County of Chenango.

* § 1262-m. Allocation of net collections from the additional one
percent rate of sales and compensating use taxes in the county of
Chenango. Notwithstanding any contrary provision of law, all net
collections received by the county of Chenango from the one percent
sales and compensating use taxes in addition to the three percent rate,
each as authorized by section twelve hundred ten of this article, shall
be used, in the first instance, to pay the cost of constructing and
repaying any debts incurred in the construction of the Chenango county
public safety building project, and any operational costs related to the
Chenango county public safety building. Any and all revenue derived from
such additional one percent tax, after the construction and debt
financing costs of the Chenango county public safety building project
annex, and any operational costs related to the Chenango county public
safety building are paid, shall be deposited by the county of Chenango
in a capital reserves fund. Disbursements from such capital reserves
fund shall solely be made for the purposes of capital projects and
repaying any debts incurred for such capital projects in the county of
Chenango.

* NB There are 2 § 1262-m's

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