New York Laws
Title 2 - Assessment and Taxation of Certain State Lands
545-A - State Aid; Certain Lands in Suffolk County.

§ 545-a. State aid; certain lands in Suffolk county. 1. State aid
shall be payable to any tax district, as defined in subdivision five of
this section when on any assessment roll the taxable assessed valuation
in such district is reduced by a taking of previously taxable property
by the state or any agency thereof.

2. The state aid payable to a tax district as defined in subdivision
five of this section shall be equal to one hundred percent of the total
amount of taxes which were levied on the assessed valuation so removed
from the assessment roll in the year immediately preceding such removal.
Said payments shall be made for five years immediately succeeding the
effective date of this section. In the next three succeeding years,
state aid payable to such tax district shall be equal to seventy-five
percent, fifty percent and twenty-five percent, respectively, of the
total amount of taxes which were levied on the assessed valuation
removed from the assessment roll for the year preceding such removal.

3. In making computations and determinations pursuant to this section,
there shall be taken into account increases or decreases in the level of
assessment.

4. The chief fiscal officer of a tax district which qualifies for
state aid pursuant to this section shall make application therefor to
the commissioner. The application shall be made on a form prescribed by
such commissioner and shall contain such information as the commissioner
shall require. Upon approval of the application therefor by the
commissioner, such state aid shall be paid upon audit and warrant by the
state comptroller.

5. The term "tax district" shall mean a school district located within
the county of Suffolk wherein real property was taken by the department
of environmental conservation by deeds recorded on the sixteenth day of
October and the twenty-ninth day of November, nineteen hundred
seventy-eight.