N.Y. ADC. LAW § 25-442.2 : NY Code - Section 25-442.2: Downtown-Lower Manhattan business improvement district

Search N.Y. ADC. LAW § 25-442.2 : NY Code - Section 25-442.2: Downtown-Lower Manhattan 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 Downtown-Lower Manhattan 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  thirteen
  million dollars ($13,000,000).
    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  Downtown-Lower  Manhattan  business
  improvement district plan, as amended.