Section 843. Advancing school taxes in Suffolk county  


Latest version.
  • In Suffolk county the
      county  treasurer  shall  advance to the several school districts within
      said county, in anticipation of the collection of the school tax  levies
      therein,  and  to  provide  funds  for  meeting the expenses in the said
      several districts prior to the receiving of moneys from  the  collection
      of  school  taxes,  from funds in his hands available, such advancements
      only to be made upon a verified copy of the annual budget voted  at  the
      preceding school meeting and verified report of the trustees or board of
      education  of  each  district  applying for such advancement showing the
      amount of moneys on hand and a list of  unpaid  current  bills  of  said
      district,  such advancements to be made in installments in the months of
      September, October, November and December, and not exceeding fifteen per
      centum in September, fifteen per centum in October, ten  per  centum  in
      November,  and  ten  per  centum in December, of the total amount of the
      annual budget of such district to which such advancement  be  made.  The
      county treasurer of Suffolk county is hereby authorized to reimburse the
      county  of  Suffolk for such advancements as soon as the funds collected
      in the various school districts are available therefor.