ยง 231-a. Permanent financing of district improvements to be paid from
general taxation. When the cost of any improvement is to be assessed,
levied and collected from the several lots and parcels of lands within a
district in the same manner and at the same time as other town charges,
the town board may finance said improvement pursuant to the local
finance law. The town board shall raise annually by tax a sum sufficient
to pay the interest and the principal of obligations issued to finance
such improvement, if not otherwise paid, as the same shall become due;
such tax shall be assessed, levied and collected from the several lots
and parcels of land within the district in the same manner and at the
same time as the annual tax for other town charges.
Annual collections of such taxes shall be applied by the supervisor in
payment of maturing obligations and accruing interest, for which such
taxes were levied. If the total of annual collections of such taxes
shall be less than the amount required for such purposes, the town board
may direct that surplus moneys not otherwise appropriated be applied.
Structure New York Laws
Article 15 - Financing of Public Improvements
231 - Permanent Financing of District and Special Improvements.
231-A - Permanent Financing of District Improvements to Be Paid From General Taxation.
232 - Permanent Financing of General Improvements.
234 - Disposition of Proceeds of Bonds, Notes or Certificates.
235 - Accounts to Be Kept With Each Improvement.
236 - Completion of Improvements.
237 - Preparation of Assessment-Roll for Certain Improvements.
238 - Assessment of Property Partly in District.
239 - Completion of Roll and Hearing.
240 - Delivery of Roll to Collector; Warrant for Collection.
241 - Notice by Collector or Receiver of Taxes; Return of Assessment Roll.
242 - Assessments Payable in Installments.
243 - Collection of Annual Installments of Assessments.
244 - Correction of Assessments.