§ 15-2311. Financing of river improvements; assessment and collection of\ncost; correction and revision of assessments.\n 1. After a river improvement project has been duly authorized and the\ndetermination of benefits and the apportionment of cost thereof duly\nrecorded, the department may finance such improvement pursuant to the\nLocal Finance Law. If obligations are issued, they shall not be\nconstrued in any event as obligations of the state, and neither the\nstate, the department, nor any member thereof personally shall be\nobligated to pay the principal or interest therefor. Such obligations\nshall be lawful investments for savings banks, trust companies,\nexecutors and trustees and for any of the funds of the state which by\nlaw may be invested. The proceeds thereof shall be deposited in a\nnational or state bank or trust company either in Albany or in one of\nthe counties in which such improvement is made, to be approved by the\nComptroller. Before any such deposit is made, the Comptroller shall\nrequire from the depository security for the repayment of the same to\nthe department upon demand of the moneys so deposited in the manner\nprovided in section 106 of the State Finance Law. Moneys received under\nthe provisions of title 23 of this article shall constitute a fund to be\nknown as the "river improvement district fund," and the portion thereof\napplicable to each improvement shall be separately kept by the\nComptroller and the same are hereby pledged to the payment of the cost\nand expenses of such improvement and the Comptroller is authorized and\ndirected to pay therefrom the costs and expenses of such improvement\nupon the order of the department or the authorized officer thereof.\n 2. The department shall, on or before September 1 following the\nissuing of any obligations and annually thereafter, prepare a statement\nof the amount to be raised during the ensuing year, in order to retire\nthe obligations maturing during such year, together with the interest\nthereon and the estimated cost of maintenance of such improvement for\nthe ensuing calendar year. Such statement shall be approved by the\nComptroller; it shall show the amount of the proportional share thereof\nto be paid by each county, town, city or village respectively as\ndetermined by the department, and such county, town, city or village\nshall cause the same to be assessed, levied and collected in the same\nmanner as provided by law with reference to general taxes, and paid to\ntreasurer of the county, who shall forthwith forward the same to the\nComptroller to be by him paid into the river improvement district fund\napplicable to such improvement; it shall also show the amount of the\nproportional share thereof to be paid by the lands and properties\ncollectively in such improvement district within each county during such\nyear, to be assessed, levied and collected as hereinafter provided.\nCopies of this statement shall be transmitted on or before September 1\nto the Comptroller, the clerk of the county legislative body, or such\nother similar official as shall have been designated by the county\nlegislative body, the clerk of each town, the mayor of each city and the\nmayor of each village affected by such improvement.\n 3. The assessors of each town and city included in such improvement\ndistrict are hereby required to enter in a separate column in the annual\nassessment roll of such town or city before the delivery thereof to the\ncounty legislative body the description by number corresponding with the\nnumber thereof on said survey, map and descriptions so filed in the\ncounty clerk's office, each parcel of land and each designation or\ndescription of property within the county in such improvement district,\ntogether with the name of the then owner or owners thereof as far as the\nsame can be ascertained by the assessors, and set opposite such number\nand description of each separate parcel or property, in the column of\nthe roll for the to
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