§ 94-a. Tax equivalent payments of the city of Jamestown board of
public utilities. Notwithstanding any law, rule or regulation to the
contrary, in addition to the amount equivalent to taxes authorized to be
earned and paid pursuant to section ninety-four of this chapter, the
city of Jamestown is hereby authorized in the operation of its board of
public utilities electric utility service to earn and pay from such
operation to the Jamestown city school district an amount equivalent to
taxes which said service, if privately owned, would pay to such school
district. The terms and conditions of any such tax equivalent payments
shall be determined in accordance with agreements entered into from time
to time between such school district and such board of public utilities.