§ 26.00 Temporary alternative methods of financing snow and ice\nremoval expenses. a. Definitions. 1. With respect to any municipality\nwhich has a calendar fiscal year which commenced on the first day of\nJanuary, two thousand two, the terms "extraordinary expenses for snow\nand ice removal" and "such extraordinary expenses", as used in this\nsection, shall mean the expenses incurred for the removal of snow and\nice from the public thoroughfares and public places of such municipality\nduring any month in such year up to and including June two thousand\nthree, in excess of the normal expenses which would have been incurred\nfor such purposes during such period, as determined by the finance board\nof such municipality. In making any such determination, the finance\nboard shall not include as a part of such extraordinary expenses the\nsalaries and wages of regular employees, except for overtime work and\nwork on Sundays and holidays.\n 2. With respect to any municipality which has a fiscal year which\ncommenced in the year two thousand two on or after the first day of\nMarch in such year, the terms "extraordinary expenses for snow and ice\nremoval" and "such extraordinary expenses", as used in this section,\nshall mean the expenses incurred for the removal of snow and ice from\nthe public thoroughfares and public places of such municipality during\nsuch fiscal year, in excess of the amounts appropriated for such\npurposes in the annual budget for such fiscal year, or, if no such\nappropriations were made, then in excess of the average of all\nexpenditures for such purposes during each of the five preceding fiscal\nyears, as determined by the finance board of such municipality.\n b. The financing of snow and ice removal expenses by the issuance of\nserial bonds. 1. The finance board of a municipality which has a fiscal\nyear which commenced on the first day of January, two thousand two, may\nauthorize the issuance of serial bonds in the two thousand three fiscal\nyear to provide for the payment of all or part of the extraordinary\nexpenses of snow and ice removal incurred during any month in the year\ntwo thousand two up to and including June two thousand three, to\nreimburse any fund or account of the municipality from which monies to\npay such extraordinary expenses have been advanced or to replenish any\nfund or account of the municipality from which such extraordinary\nexpenses have been paid, or any combination of such purposes,\nnotwithstanding that there may have been lack of statutory authority for\nany such advance or payment from such fund or account. The period of\nprobable usefulness of such objects or purposes shall be five years. Any\nsuch serial bonds shall have a maximum maturity of over two years, but\nthe date of final maturity of any such issue shall not extend beyond the\nfirst day of March in the year two thousand eight as to counties and\ntowns and shall not extend beyond the thirty-first day of December, two\nthousand eight, as to other municipalities.\n 2. The finance board of a municipality which has a fiscal year which\ncommenced in the year two thousand two on or after the first day of\nMarch in such year may authorize the issuance of serial bonds in such\nfiscal year, or in its next succeeding fiscal year, to provide for the\npayment of all or part of the extraordinary expenses of snow and ice\nremoval incurred in such fiscal year, to reimburse any fund or account\nof the municipality from which monies to pay such extraordinary expenses\nhave been advanced or to replenish any fund or account of the\nmunicipality from which such extraordinary expenses have been paid, or\nany combination of such purposes, notwithstanding that there may have\nbeen lack of statutory authority for any such advance or payment from\nsuch fund or account. The period of probable usefulness of such objects\nor purposes shall be five years. Any such serial bonds shall have a\nmaximum maturity of over two years, but the date of
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