New York Tax Law Section 1262-M - Allocation of net collections from the additional one percent rate of sales and compensating use taxes in the county of Chenango.

*   1262-m.  Allocation  of  net  collections from the additional one
  percent rate of sales and  compensating  use  taxes  in  the  county  of
  Chenango.    Notwithstanding  any  contrary  provision  of  law, all net
  collections received by the county of  Chenango  from  the  one  percent
  sales  and compensating use taxes in addition to the three percent rate,
  each as authorized by section twelve hundred ten of this article,  shall
  be  used,  in  the  first  instance, to pay the cost of constructing and
  repaying any debts incurred in the construction of the  Chenango  county
  public safety building project, and any operational costs related to the
  Chenango county public safety building. Any and all revenue derived from
  such  additional  one  percent  tax,  after  the  construction  and debt
  financing costs of the Chenango county public  safety  building  project
  annex,  and  any operational costs related to the Chenango county public
  safety building are paid, shall be deposited by the county  of  Chenango
  in  a  capital  reserves  fund. Disbursements from such capital reserves
  fund shall solely be made for  the  purposes  of  capital  projects  and
  repaying  any  debts incurred for such capital projects in the county of
  Chenango.
* NB There are 2  1262-m's

Last modified: February 3, 2019