2006 New York Code - Referendum.



 
    * § 1036. Referendum. No bonds shall be issued under this title by the
  authority  in  an aggregate amount at any time outstanding exceeding ten
  million dollars. No such bonds shall be issued by the authority  without
  the approval of a majority of the electors of the district voting on the
  question  of  such approval. Such question may be submitted by the board
  of supervisors either at a general election or a special election called
  for such purpose. The question submitted to the electors of the district
  shall be: "Shall the authority  issue  not  exceeding  (filling  in  the
  amount)  dollars  bonds under the Albany Light, Heat and Power Authority
  Act?" If such proposition is adopted,  the  authority  may  issue  bonds
  under  the  power  so  given.  The  submission  of such question and the
  conduct of and canvass of  the  votes  cast  at  such  election  in  the
  district  shall be provided for by the board of supervisors as nearly as
  may be in accordance with the provisions of the election law. Notice  of
  the  submission of such question and a general statement of the purposes
  to which the proceeds of the bonds are to be applied shall be  published
  in  the  official  newspapers  of the county, designated by the board of
  supervisors, once a  week  for  six  weeks  immediately  preceding  such
  election. At any time prior to the election at which such question is to
  be submitted to the electors for approval, the board of supervisors may,
  not  later  than fifteen days prior to such election, rescind its action
  in submitting the same whereupon such question shall not be submitted at
  such election, or, if submitted, the vote of the electors thereon  shall
  be  without  effect.  Neither  the  submission  of such question nor the
  validity or result of such election shall be questioned in any court  or
  elsewhere  except  in  an  action or proceeding commenced not later than
  twenty days after the determination of such result by the  county  board
  of  canvassers  has  been  filed  in  the  office of the county board of
  elections.
    * NB Terminated July 1, 1963

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