S T A T E O F N E W Y O R K
2013-2014 Regular Sessions
I N S E N A T E
April 1, 2013
Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT authorizing the town of Stockport to transfer reserve funds to
the Water Fund for repayment of a loan from the Town Sewer #1 Fund
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Notwithstanding section 6-c of the general municipal law or
any other provision to the contrary, the governing board of the town of
Stockport may authorize by resolution the transfer of $100,000 from the
Capital Reserve Fund created for the purpose of financing the acquisi-
tion and/or construction of a municipal complex pursuant to section 6-c
of the general municipal law to the Water Fund for repayment of a loan
from the Town Sewer #1 Fund. The resolution authorized pursuant to this
section shall not be subject to referendum.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.