2012 New York Consolidated Laws
PBA - Public Authorities
Article 8 - MISCELLANEOUS AUTHORITIES
Title 13-I - (2051-A - 2051-X) COUNTY OF FRANKLIN SOLID WASTE MANAGEMENT AUTHORITY
2051-K - Moneys of the authority.

 
    §  2051-k.  Moneys  of the authority. All moneys of the authority from
  whatever source derived shall be paid to the treasurer of the  authority
  and  shall be deposited forthwith in interest bearing accounts in a bank
  or banks in the state designated by the governing body.  The  moneys  in
  such  accounts  shall  be  paid  out  on  check  of  the  treasurer upon
  requisition by the governing body or of such other person or persons  as
  the governing body may authorize to make such requisitions. All deposits
  of such moneys shall be secured by obligations of the United States, the
  state  or  the county of a market value equal at all times to the amount
  on deposit and all banks and trust companies are authorized to give such
  security  for  such  deposits.   The   authority   shall   have   power,
  notwithstanding  the  provisions  of  this section, to contract with the
  holders of any bonds as to the custody, collection, security, investment
  and payment of any moneys of the authority or any moneys held  in  trust
  or otherwise for the payment of bonds or in any way to secure bonds, and
  to carry out any such contract notwithstanding that such contract may be
  inconsistent  with  the provisions of this section. Moneys held in trust
  or otherwise for the payment of bonds or in any way to secure bonds  and
  deposits  of  such moneys may be secured in the same manner as moneys of
  the authority and all banks and trust companies are authorized  to  give
  such  security  for  such  deposits.  Any  moneys  of  the authority not
  required for immediate use or disbursement may, at the discretion of the
  authority, be invested in those obligations specified  pursuant  to  the
  provisions  of  section ninety-eight-a of the state finance law. Subject
  to the provisions of any contract with bondholders and with the approval
  of the comptroller, the authority shall prescribe a system of accounts.