General Municipal Law 120-I — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 120-H Further provisions as to apportionment of cost up ARTICLE 6 Public Health and Safety next SECTION 120-K Payments; how made Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 120-I Means of payment General Municipal (GMU) CHAPTER 24, ARTICLE 6 § 120-i. Means of payment. The indebtedness created for such public works may be paid by each contracting municipality, including a sewer district of a town, partly by assessment on the property deemed specially benefited by such improvement and partly by a charge on such municipality at large. In the case of a sewer district of a town the petition for the creation thereof or a supplemental petition may state the means of payment as above provided and the assessment therein shall be made in form and substance so far as applicable as provided in section two hundred and thirty-seven of said law, except that such sewer commissioner shall assess a part of the district's proportionate share of the total cost of such system on the lands within such district, or extension of an existing district in proportion, as nearly as may be, to the benefit which each lot or parcel will derive therefrom. Such sewer commissioners shall determine the amount to be raised by general taxation for such expense. Nothing herein contained shall be construed as preventing the contracting municipalities from paying such indebtedness, in whole or in part, by the issuance of obligations pursuant to the terms of the local finance law.