N.Y. General Municipal Law 774 – Proposed dissolution plan
§ 774. Proposed dissolution plan. 1. The governing body of a local government entity may, by resolution, endorse a proposed dissolution plan for the purpose of commencing dissolution proceedings under this article.
Terms Used In N.Y. General Municipal Law 774
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Dissolution: shall mean the termination of the existence of a local government entity. See N.Y. General Municipal Law 750
- Dissolution plan: shall mean a written document that contains terms and information regarding the dissolution of a local government entity and that has been finalized and approved by such entity's governing body pursuant to this article. See N.Y. General Municipal Law 750
- entity: shall mean a town, village, district, special improvement district or other improvement district, including, but not limited to, special districts created pursuant to articles eleven, twelve, twelve-A or thirteen of the town law, library districts, and other districts created by law; provided, however, that a local government entity shall not include school districts, city districts or special purpose districts created by counties under county law. See N.Y. General Municipal Law 750
- Governing body: shall mean the body in which the general legislative, governmental and/or public powers of a local government entity are vested and by authority of which the official business of such entity is conducted. See N.Y. General Municipal Law 750
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Personal property: All property that is not real property.
- Proposed dissolution plan: shall mean a written document that contains terms and information regarding the dissolution of a local government entity, and that has been proposed, but not yet finalized and approved, by such entity's governing body pursuant to this article. See N.Y. General Municipal Law 750
2. The proposed dissolution plan shall specify:
(a) the name of the local government entity to be dissolved;
(b) the territorial boundaries of the entity;
(c) the type and/or class of the entity;
(d) a fiscal estimate of the cost of dissolution;
(e) any plan for the transfer or elimination of public employees;
(f) the entity's assets, including but not limited to real and personal property, and the fair value thereof in current money of the United States;
(g) the entity's liabilities and indebtedness, bonded and otherwise, and the fair value thereof in current money of the United States;
(h) any agreements entered into with the town or towns in which the entity is situated in order to carry out the dissolution;
(i) the manner and means by which the residents of the entity will continue to be furnished municipal services following the entity's dissolution;
(j) terms for the disposition of the entity's assets and the disposition of its liabilities and indebtedness, including the levy and collection of the necessary taxes and assessments therefor;
(k) findings as to whether any local laws, ordinances, rules or regulations of the entity shall remain in effect after the effective date of the dissolution or shall remain in effect for a period of time other than as provided by section seven hundred eighty-nine of this title;
(l) the effective date of the proposed dissolution;
(m) the time and place or places for a public hearing or hearings on the proposed dissolution plan pursuant to section seven hundred seventy-six of this title; and
(n) any other matter desirable or necessary to carry out the dissolution.