NY A07262

Adds Section 54-M to State Finance Law to provide state assistance to Cayuga and Seneca counties for unpaid property taxes levied on Indian nations located within those counties.

Eligible counties receive annual state aid equal to the prior year payments made to municipalities and school districts for uncollected Indian nation property taxes.

State aid payments must be used to compensate municipalities and school districts in the eligible counties for unpaid taxes and may be deposited into county funds without restrictions.

Payments shall be made on or before June 30th of each fiscal year to the chief fiscal officer of each eligible county, issued by the State Comptroller from appropriated moneys in the Local Assistance Fund.

Act takes effect immediately upon enactment.