N.Y. ADC. LAW § 25-428.1 : NY Code - Section 25-428.1: Lower East Side business improvement district

Search N.Y. ADC. LAW § 25-428.1 : NY Code - Section 25-428.1: Lower East Side 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 Lower East Side business improvement district beginning  on  July
  1, 2008, 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 two hundred ninety
  thousand four hundred dollars ($290,400).
    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  Lower  East  Side  business  improvement
  district plan.