Public Authorities Law § 1041 · Title 2. Albany Light, Heat and Power Authority
County may levy tax within district
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
* § 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
Source of truth
- Edition
- Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PBA1041
- Text hash
- sha256 01cc8c455dda48fc6e96e54e9cfcdb52db61842c1478665e02e8ac7cdcb4f066
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
- The Senate's note "Terminated July 1, 1963" is printed with the text.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.