N.Y. ADC. LAW § 25-427 : NY Code - Section 25-427: Grand Central business improvement district

Search N.Y. ADC. LAW § 25-427 : NY Code - Section 25-427: Grand Central business improvement district

a. The city
  council having determined, pursuant to subdivision b of  section  25-410
  of  chapter  four  of  this  title, that it is in the public interest to
  authorize an increase in the amount to be expended annually in the Grand
  Central business improvement district beginning on July 1, 2005, and the
  council  having  determined  further  that  the  tax  and  debt   limits
  prescribed  in  section 25-412 of chapter four of this title will not be
  exceeded by such increased expenditure, there is  hereby  authorized  in
  such  district  an  annual  expenditure  of  eleven million five hundred
  sixty-five thousand five hundred forty dollars ($11,565,540).
    b. The amount of such expenditure to be levied upon each  property  in
  the  district  shall  be  determined  in  accordance  with the method of
  assessment set forth in the Grand Central business improvement  district
  plan.