New York Village Law Article 5 - FINANCES

• 5-500 - Definitions.
  5-500 Definitions. For the purposes of this article the following terms shall be defined as follows: l. "Administrative unit" shall mean an office, department, division,...
• 5-502 - Submission of Estimates.
  5-502 Submission of estimates. l. On or before the eighth day of February in each year, or such other date as may be applicable pursuant...
• 5-504 - Preparation and Filing of Tentative Budget.
  5-504 Preparation and filing of tentative budget. Upon receipt of the estimates of the head of each administrative unit, the budget officer shall prepare a...
• 5-506 - Form and Content of Tentative Budget.
  5-506 Form and content of tentative budget. l. The tentative budget shall consist of the following schedules and statements: a. A schedule of appropriations for...
• 5-508 - Adoption of Budget.
  5-508 Adoption of budget. l. The village clerk shall present the tentative budget to the board of trustees at a regular or special meeting to...
• 5-510 - Change in Fiscal Years.
  5-510 Change in fiscal years. l. The board of trustees of any village may, by resolution, adopt a fiscal year to commence on the first...
• 5-512 - Financing Interim Fiscal Period.
  5-512 Financing interim fiscal period. l. Whenever the fiscal year of a village is changed by action of the board of trustees taken pursuant to...
• 5-514 - Limitation of Tax Levy.
  5-514 Limitation of tax levy. I. The amount which may be raised by general village tax on real estate in any fiscal year for village...
• 5-516 - Lien of Special Assessment.
  5-516 Lien of special assessment. 1. Any provision of law to the contrary notwithstanding, in any case in which a special or local assessment is...
• 5-518 - Collection of Special Assessments.
  5-518 Collection of special assessments. 1. Any provision of law to the contrary notwithstanding, all special or local assessments levied against real property shall be...
• 5-520 - General Budgetary Controls.
  5-520 General budgetary controls. 1. A separate account shall be kept for each appropriation. Each such account shall show the amount appropriated, the several amounts...
• 5-522 - Lapse of Appropriations.
  5-522 Lapse of appropriations. l. Each appropriation to the extent that it shall not have been expended or obligated, shall lapse at the close of...
• 5-524 - Audit and Payment of Claims.
  5-524 Audit and payment of claims. l. The term "claim", as used in this section, shall include all bills, accounts and demands for the payment...
• 5-525 - Purchasing of Products for Public Use.
  5-525 Purchasing of products for public use. Notwithstanding the provisions of section one hundred three of the general municipal law, when purchasing products the officer,...
• 5-526 - Petty Cash Account.
  5-526 Petty cash account. l. The board of trustees may, by resolution, establish a revolving petty cash account for any administrative unit or officer in...
• 5-528 - Appropriations to Maintain Municipal Conferences and Associations.
  5-528 Appropriations to maintain municipal conferences and associations. l. The board of trustees of any village is hereby authorized to annually include in the budget...
• 5-530 - Villages Authorized to Impose Taxes on Utilities.
  5-530 Villages authorized to impose taxes on utilities. 1. Notwithstanding any other provisions of law to the contrary, any village is hereby authorized and empowered...
• 5-532 - Inconsistent Local Laws.
  5-532 Inconsistent local laws. No local laws shall be adopted changing, amending or superseding any of the provisions of this article.

Last modified: February 3, 2019