N.Y. ACA Law § 55.17
This is the official text of N.Y. ACA Law § 55.17, part of New York’s ACA Law — part of the compiled statutory law of New York, published by the state as "ACA Law." Browse the sections below, each linked to its official government source.
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Payments in lieu of taxes
Official statutory text
§ 55.17. Payments in lieu of taxes. The trust may, when funds are\navailable and with the approval of the governor, enter into an agreement\nwith a municipality or district within which real property has been\nacquired by the trust providing for the payment of moneys in lieu of\nanticipated tax revenues for a period not to exceed five years whenever\nthe trust shall determine that undue hardship justifying such financial\nrelief has been created by such acquisition.\n
Status: in_force · Read it on the official government site
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