This chapter is enacted to provide for the disposition of revenues
from taxes imposed by the County of Herkimer so that such revenue
shall be paid directly to the Town of Frankfort to be used for any
lawful town purpose.
Section 1262 of the Tax Law authorizes counties to set aside
a portion of their sales tax revenues for cities, towns and villages;
pursuant to this section, the Town of Frankfort is providing that
the amounts paid to the town as a portion of the sales tax revenue
shall be paid directly to the Town of Frankfort to be used for any
lawful town purpose.
This chapter will affect sales tax revenue which was set aside
by the County of Herkimer for the Town of Frankfort, pursuant to law.