[Adopted 2-26-1991 by Res. No. 48-91]
Pursuant to § 37, Subdivision 1, of the Town Law, the Board of Supervision hereby authorizes the towns in Saratoga County to retain all interest earned on County property tax while in possession of the towns, provided that:
A. 
Property taxes received by the town to the first day of the month are remitted to the County Treasurer by the 15th of the month; and
B. 
Property taxes received by the town to the 15th day of the month are remitted to the County Treasurer by the 30th of the month.
In the event that County property taxes are not so remitted, the interest earned on such unremitted County property taxes shall be remitted together with the taxes to the County Treasurer.