§ 25.00 Revenue anticipation notes. a. As used in this section:\n 1. The term "taxes" shall mean taxes other than real estate taxes.\n 2. The terms "rents," "rates" or "charges" shall mean sewer or water\nrents, rates or charges.\n 3. The term "moneys" shall mean moneys to be received from the state,\nthe United States government or from the county as a portion of the\ndistribution of the county sales and compensating use tax, and for\nspecial act public school districts enumerated in chapter five hundred\nsixty-six of the laws of nineteen hundred sixty-seven, as amended, shall\nalso mean tuition payments to be received from public school districts\nand social services districts.\n 4. The term "other income" shall mean income derived from electric\nlight and power plants or distribution systems, or other utility plants\nor distribution systems, or any other type of income producing\nfacilities or operations owned and operated by a municipality or a\ndistrict corporation.\n 5. The term "revenue" includes taxes, rents, rates, charges, moneys\nand other income.\n b. (1) Revenue anticipation notes may be issued by any municipality,\nschool district or district corporation in anticipation of: the\ncollection or receipt of revenue, provided that each such note shall be\nissued only against a specific type of revenue, or for the purpose of\nrenewing a previously issued revenue anticipation note.\n (2) Notwithstanding the provisions of paragraph one of this\nsubdivision, revenue anticipation notes may be issued by the city of New\nYork for revenues receivable from state and federal governments on an\noverall basis, rather than by specific sources of revenue.\n c. 1. Revenue anticipation notes may be issued during any fiscal year\nin which such taxes, rents, rates or charges or other income in\nanticipation of which such notes are issued become due and payable or\nsuch moneys become due; however, such notes may be issued by a school\ndistrict in anticipation of moneys to be received in a fiscal year\nduring the two weeks prior to the commencement of such fiscal year.\n 2. In addition to the powers granted by subparagraph one of this\nparagraph c or by any other provision of this section, the city of New\nYork may issue revenue anticipation notes in anticipation of a specific\ntype of revenue, as defined in this sub-paragraph two, which is to be\nreceived or collected by such city in the fiscal year of such city\ncommencing after the fiscal year during which such notes are issued, in\nan amount not exceeding the portion of such specific type of revenue\nestimated by the mayor of such city to be attributable to or based upon\ntransactions or activities occurring during the months of April, May and\nJune of the fiscal year during which such notes are issued, less the\namount of such portion of such specific type of revenue so estimated by\nthe mayor, which has actually been received or collected at the time of\nthe issuance of such notes and the amount of any outstanding revenue\nanticipation notes issued against such portion of such specific type of\nrevenue so estimated by the mayor. The proceeds of notes issued pursuant\nto this sub-paragraph two may be applied to any purposes or expenditures\nof the fiscal year of such city during which such notes are issued,\nincluding payment into the general fund of such city for use during such\nfiscal year, or for the redemption of notes in renewal of which such\nnotes were issued. The provisions of paragraph d of this section shall\nnot apply to revenue anticipation notes issued pursuant to this\nsubparagraph two. As used in this subparagraph two, the term "revenue"\nshall mean any taxes, rents, rates, charges, moneys or other income as\ndefined in paragraph a of this section, imposed, charged or received by\nsuch city pursuant to any state or local law heretofore or hereafter\nenacted and attributable to or based upon transactions or activities\noccurring in the months of April, May an
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