2006 New York Code - Solid Waste Facility Reserve Fund.



 
    §  2049-uu.  Solid waste facility reserve fund. The legislative bodies
  of the counties may establish a special fund, to be known as solid waste
  facility reserve fund of such county. There shall be  credited  to  such
  reserve fund all amounts paid to such county and specifically designated
  by the payor for deposit in such reserve fund, together with such county
  moneys as may be appropriated thereto from time to time.  Moneys in such
  reserve funds may be appropriated only for the purpose of paying amounts
  due  from  the  county  under  the  terms  of  any contract entered into
  pursuant to this title, for which an insufficient or  no  provision  has
  otherwise been made, except that upon the adoption of a resolution by at
  least  a  two-third  vote  of  the  voting  strength  of  such  counties
  legislative body, all or any portion of the moneys in such reserve  fund
  may  be  transferred to any other reserve fund established by the county
  pursuant to the general municipal law. To the  extent  not  inconsistent
  with the provisions of this section, the management of such reserve fund
  and  the investment of moneys therein shall be subject to the provisions
  of section six-h of the general municipal law.

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