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.