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This entry was published on 2014-09-22
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SECTION 2049-UU
Solid waste facility reserve fund
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 13-FF
§ 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.