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This entry was published on 2014-09-22
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SECTION 1270-B
Metropolitan transportation authority Dutchess, Orange and Rockland fund
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 11
§ 1270-b. Metropolitan transportation authority Dutchess, Orange and
Rockland fund. 1. The authority shall create and establish a fund to be
known as the "metropolitan transportation authority Dutchess, Orange and
Rockland fund" which shall be kept separate from and shall not be
commingled with any other moneys of the authority. The Dutchess, Orange
and Rockland fund shall consist of three separate accounts: (i) the
"Dutchess account"; (ii) the "Orange account"; and (iii) the "Rockland
account".

2. The metropolitan transportation authority Dutchess, Orange and
Rockland fund shall consist of moneys transferred by the authority
pursuant to subdivision four of section twelve hundred seventy-a of this
title.

3. Moneys in the Dutchess account, the Orange account, and the
Rockland account shall on a quarterly basis be (i) paid to the counties
of Dutchess, Orange and Rockland, respectively, for the purposes of
providing mass transportation operating assistance, including debt
service on bonds or notes issued for such purposes, or for providing the
following types of capital projects within such county: capacity and
infrastructure improvements to state, county, town, city, village roads,
highways, parkways or bridges; or state, county, town, city, village
mass transportation projects; or (ii) transferred to the suburban
transportation fund pursuant to a resolution, which is irrevocable
during the term of any outstanding bonds or notes issued, adopted by the
county legislature of Dutchess county, the county legislature of Orange
county or the county legislature of Rockland county directing the
authority to make all such future transfers of funds from its respective
account to the suburban transportation fund. The first quarterly payment
or transfer shall occur during the quarter beginning January first,
nineteen hundred eighty-nine.