2006 New York Code - Advancing School Taxes In Suffolk County.



 
    § 843. Advancing school taxes in Suffolk county. In Suffolk county the
  county  treasurer  shall  advance to the several school districts within
  said county, in anticipation of the collection of the school tax  levies
  therein,  and  to  provide  funds  for  meeting the expenses in the said
  several districts prior to the receiving of moneys from  the  collection
  of  school  taxes,  from funds in his hands available, such advancements
  only to be made upon a verified copy of the annual budget voted  at  the
  preceding school meeting and verified report of the trustees or board of
  education  of  each  district  applying for such advancement showing the
  amount of moneys on hand and a list of  unpaid  current  bills  of  said
  district,  such advancements to be made in installments in the months of
  September, October, November and December, and not exceeding fifteen per
  centum in September, fifteen per centum in October, ten  per  centum  in
  November,  and  ten  per  centum in December, of the total amount of the
  annual budget of such district to which such advancement  be  made.  The
  county treasurer of Suffolk county is hereby authorized to reimburse the
  county  of  Suffolk for such advancements as soon as the funds collected
  in the various school districts are available therefor.

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