§173A-13  Payment of debt service on the Turtle Bay reimbursable general obligation bonds.  (a)  The board shall be responsible for the reimbursement of debt service on the Turtle Bay reimbursable general obligation bonds from the land conservation fund in the amount of $1,500,000 per fiscal year until the bonds are fully amortized.

     (b)  Moneys expended for the payment of debt service on the Turtle Bay reimbursable general obligation bonds shall be deposited into the Turtle Bay conservation easement special fund. [L 2015, c 121, §3; am L 2022, c 23, §1]

Cross References

  Turtle Bay reimbursable general obligation bonds, see §171-171.