Section 1020-Q. Payments in lieu of taxes

1. Each year after property
  theretofore owned by LILCO is acquired by the  authority  by  any  means
  authorized  by this title and, as a consequence, is removed from the tax
  rolls,  the  authority  shall  make  payments  in  lieu  of   taxes   to
  municipalities  and  school districts equal to the taxes and assessments
  which  would  have  been  received  from  year  to  year  by  each  such
  jurisdiction  if  such  acquisition  had  not  occurred, except for such
  taxing jurisdictions which tax the Shoreham plant, in which case the  in
  lieu  of  tax  payments shall in the first year after the acquisition be
  equal to one hundred percent of the taxes and  assessments  which  would
  have been received by such taxing jurisdictions. In each succeeding year
  such  in  lieu  of  tax payments shall be decreased by ten percent until
  such time as such payments equal taxes and assessments which would  have
  been levied on such plant in a nonoperative state.
    2.  The  authority shall also make payments in lieu of taxes for those
  taxes which would otherwise be imposed upon  LILCO,  if  LILCO  were  to
  continue in operation, pursuant to sections one hundred eighty-six-a and
  one  hundred  eighty-six-c  of  the  tax law, and to former sections one
  hundred eighty-six and one hundred eighty-six-b of the tax law  as  such
  sections  one  hundred  eighty-six  and one hundred eighty-six-b were in
  effect on December thirty-first, nineteen hundred ninety-nine, paragraph
  (b) of subdivision four of  section  one  hundred  seventy-four  of  the
  navigation  law,  and  any  taxes  imposed  by  a  city  pursuant to the
  authorization granted by section twenty-b of the general city law.
    3. No municipality or governmental  subdivision,  including  a  school
  district  or  special  district, shall be liable to the authority or any
  other entity for a refund of property taxes originally assessed  against
  the  Shoreham  plant. Any judicial determination that the Shoreham plant
  assessment was excessive, unequal or unlawful for any of the years  from
  nineteen  hundred  seventy-six to the effective date of this title shall
  not result in a refund by any taxing jurisdiction  of  taxes  previously
  paid  by LILCO pursuant to such Shoreham plant assessment. The authority
  shall  discontinue  and  abandon  all  proceedings,   brought   by   its
  predecessor  in interest, which seek the repayment of all or part of the
  taxes assessed against the Shoreham plant.
    * NB There are 2 § 1020-q's