ยง 8. Application of revenues of a public improvement or part thereof,
or service. For the purpose of determining the amount of taxes which may
be raised on real estate pursuant to section ten of article eight of the
constitution the revenues received in each fiscal year by any county,
city or village from that portion of a public improvement or part
thereof, or service, owned or rendered by such municipal corporation for
which bonds or capital notes are issued after January first, nineteen
hundred fifty, shall be applied first to the payment of all costs of
operation, maintenance and repairs thereof incurred during such fiscal
year, and then to the payment of the amounts required in such fiscal
year to pay the interest on and the amortization of, or payment of, such
indebtedness contracted for such public improvement or part thereof, or
service, or such revenues may be deposited in a special fund to be used
solely for such payments. The provisions of this section shall not
prohibit the use of excess revenues for any lawful county, city or
village purpose. The provisions of this section shall not apply to a
public improvement or part thereof constructed to provide for the supply
of water or to a joint sewage or drainage project described in section
15.00 of the local finance law.
Structure New York Laws
Article 2 - General Municipal Finances
3-A - Rate of Interest on Judgments and Accrued Claims Against Municipal Corporations.
3-B - Limitation on Real Estate Tax in New York City.
3-C - Limit Upon Real Property Tax Levies by Local Governments.
4 - Investigation of Expenditures of Towns and Villages.
5-A - Electronic or Wire Transfers.
6-E - Contingency and Tax Stabilization Reserve Fund for Municipal Corporations.
6-F - Snow and Ice Removal and Road Repair Reserve Funds for Municipal Corporations.
6-G - Capital Reserve Funds for Fire Districts.
6-I - Airport Development and Amortization Funds.
6-J - Workmen's Compensation Reserve Fund.
6-K - Electric Utility Depreciation Reserve Funds.
6-L - Mandatory Reserve Fund for Municipal Corporations, Fire Districts and School Districts.
6-M - Unemployment Insurance Payment Reserve Fund.
6-O - Solid Waste Management Facility Reserve Funds.
6-P - Employee Benefit Accrued Liability Reserve Fund.
6-Q - Intermunicipal Agreement for a Joint Capital Reserve Fund in the County of Tompkins.
6-R - Retirement Contribution Reserve Funds
6-S - Community Preservation Funds.
6-T - Charitable Gifts Reserve Fund.
6-U - Charitable Gifts Reserve Fund.
6-V - Asset Forfeiture Escrow Fund.
7 - Payment of Municipal Bonds.
8 - Application of Revenues of a Public Improvement or Part Thereof, or Service.
9 - Use of Tax Moneys Raised Outside Constitutional Tax Limit.
10 - Deposits of Public Money; Security.
12 - Deposits of Public Authorities, Public Benefit Corporations and Other Corporations.
20 - Special Population Census: Population Data.
21 - Cancellation of Unpaid Checks or Drafts.
22 - Claims Against Fire Insurance Proceeds; Procedure.
23 - Flexible Benefits Program.