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§  35.00  Bond  resolution  subject  to  referendum;  towns. a. A bond
resolution adopted by the finance board of any town for the  purpose  of
financing  a  town  highway improvement shall be subject to a permissive
referendum or such resolution may be submitted to a referendum  by  such
finance  board  on  its  own motion, in the manner prescribed in article
seven of the town law, as amended from time to time, if no part  of  the
cost  of any such improvement is be paid by the county, or by the state,
as provided in the highway law or  is  to  be  levied  against  property
situated  within  any incorporated village in such town. Notwithstanding
the foregoing  provisions  of  this  paragraph,  a  bond  resolution  or
resolutions  adopted  by  the  finance board of any town authorizing the
issuance of bonds for any such town highway improvement or  improvements
to the extent of not to exceed fifteen thousand dollars in the aggregate
in  any  fiscal year of the town shall not be subject to such permissive
referendum if the bonds have a proposed maturity of not more  than  five
years  to be measured from the date of the bonds or from the date of the
first bond anticipation note issued in  anticipation  of  sale  of  such
bonds,  whichever  date  is  the  earlier.  Furthermore,  the  foregoing
provisions of this paragraph  shall  not  apply  to  a  bond  resolution
authorizing  the  issuance  of  bonds to finance improvements undertaken
pursuant to either section two hundred or section two hundred-a  of  the
town law, as amended from time to time.
  b. Except as otherwise provided in paragraph a of this section,
  1.  A  bond resolution adopted by the finance board of a town shall be
subject to a permissive referendum or such resolution may  be  submitted
to  a  referendum by such finance board on its own motion, in the manner
prescribed in article seven of the town law, as  amended  from  time  to
time.
  The foregoing provisions of this paragraph b shall not apply to a bond
resolution authorizing the issuance of bonds:

(1) With a proposed maturity of not more than five years to be measured from the date of the bonds or from the date of the first bond anticipation note issued in anticipation of the sale of such bonds, whichever date is the earlier.

(2) For any district or special improvement authorized by articles three-A, twelve, twelve-A and twelve-C of the town law, as amended from time to time, or for any such improvement authorized by any other general or special law where the cost thereof is to be assessed upon benefitted real property except for a bond resolution adopted by the finance board of the Town of Oyster Bay for the purpose of financing an original capital improvement for an existing park district in said town, where the estimated maximum cost of such improvement shall be two million or more.

(3) For the construction, pavement or other improvement of a street or highway through such town, the cost of which is to be paid in part by such town and in part by the county or state, as provided in the highway law, as amended from time to time.

(4) For the payment of judgments, or compromised or settled claims against such town, or awards or sums payable by such town pursuant to a determination by a court, or an officer, body or agency acting in an administrative or quasi-judicial capacity. c. The expenditure of money for which it is proposed to issue obligations shall not be subject to a permissive or mandatory referendum in any town. d. The provisions of paragraphs a and b of this section shall not apply to any bond resolution which authorizes the issuance of bonds for the reconstruction of a bridge, tunnel, viaduct or underpass or for the reconstruction or repair of a highway, road, street, parkway or parking area, whether or not including sidewalks, curbs, gutters, drainage, landscaping or grading, if (1) such reconstruction or repair is necessitated by a storm, flood, earthquake or other unforeseeable disaster and (2) the county superintendent of highways certifies that such work should be commenced within eight months after such disaster in order to prevent unusual peril to the lives and property of the citizens of the town and (3) such bond resolution has been adopted within eight months after such disaster.