There is a newer version of the New York Consolidated Laws
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2015 New York Laws
GMU - General Municipal
Article 19-A - (General Municipal) BUSINESS IMPROVEMENT DISTRICTS
980-L - Expenditure of district funds.

NY Gen Mun L § 980-L (2015) What's This?
 980-l. Expenditure of district funds. (a) The proceeds of any charge
  imposed  pursuant  to  this  article  shall  be held by the chief fiscal
  officer and shall be separately accounted for in the books  and  records
  of  the  municipality.  None  of the proceeds collected pursuant to this
  article shall be used for any purposes other than those set forth in the
  district plan. These funds may be paid  out  for  district  purposes  in
  accordance  with  the  general procedures for payment of other municipal
  expenditures.

(b) All contracts for improvements, goods or services to  be  provided
  in the district shall be subject to all applicable provisions of the law
  relating to the letting of contracts by the municipality.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.