LBD11540-01-7
S. 6278 2 A. 7750
within and without the state. Such ferry may be referred to as the Fish-
ers Island ferry. A further object and purpose of the district shall be
to acquire by gift, purchase or lease, an airport or landing field situ-
ated on Fishers Island AND ANY OTHER PERSONAL OR REAL PROPERTY NECESSARY
FOR THE OPERATION OF THE DISTRICT, and to operate and maintain such
airport, REAL AND PERSONAL PROPERTY.
§ 2. Section 3 of chapter 699 of the laws of 1947 relating to author-
izing the creation of Fishers Island ferry district in the town of Sout-
hold, Suffolk County, as amended by chapter 650 of the laws of 1968, is
amended to read as follows:
§ 3. The [town board] COMMISSIONERS of the [town of Southold] DISTRICT
may construct Fishers Island ferry, and acquire all boats and other
equipment and appurtenances necessary, or [authorize the commissioners
of the district to] let the necessary contract or contracts therefor.
The [town board of such town] COMMISSIONERS may acquire all lands,
rights or easements in land necessary for the purposes of such ferry,
and may [with the approval of the superintendent of public works],
SUBJECT TO REQUISITE REGULATORY APPROVALS, may erect or cause to be
erected and maintained within the limits of any public highway, all
braces, appendages or other equipment and structures necessary for the
operation of the ferry. The [town board may also authorize] commission-
ers may also contract with a private person or persons or a corporation
for the independent operation of such ferry upon such terms and condi-
tions as may be mutually agreed upon, provided, however that any such
contract or renewal thereof shall not be for a period OF longer than
five years.[No bids for such contract shall be received as hereinafter
provided unless the terms and provisions thereof shall have been
approved by the town board.]
§ 3. Section 4 of chapter 699 of the laws of 1947 relating to author-
izing the creation of Fishers Island ferry district in the town of Sout-
hold, Suffolk County, as amended by chapter 467 of the laws of 1993, is
amended to read as follows:
§ 4. The cost of acquisition, construction and equipment of the ferry,
including lands and rights or easements in lands, shall be paid from
taxes levied for the fiscal year in which such expenditure is made; from
surplus funds, or from the proceeds of town obligations to be issued and
sold in the manner provided by the local finance law. The town board of
the town of Southold may borrow the amount needed for such purposes and
issue town obligations therefor in an aggregate principal amount not
exceeding five hundred thousand dollars. Upon the adoption of a resol-
ution by the town board, subject to a permissive referendum by the
owners of taxable real property situate within the ferry district as
shown by the latest completed assessment roll of said town, such aggre-
gate principal amount which the town board may borrow and for which
obligations may be issued may be increased to any amount up to but not
exceeding the sum of [five] TWENTY million dollars.
§ 4. Section 5 of chapter 699 of the laws of 1947 relating to author-
izing the creation of Fishers Island ferry district in the town of Sout-
hold, Suffolk County, the opening paragraph as amended by chapter 637 of
the laws of 1962, is amended to read as follows:
§ 5. The affairs of the district shall be under the jurisdiction,
control and supervision of a board of five commissioners. [The town
board shall appoint five resident taxpayers of the district who shall
constitute the board until their successors are elected and have quali-
fied pursuant to the provisions of this act. Successors to the members
so appointed] COMMISSIONERS shall be elected by the electors of the
S. 6278 3 A. 7750
district as hereinafter provided. [Every person] NATURAL PERSONS who
[is an elector] ARE REGISTERED TO VOTE FOR TOWN OFFICES of the town of
Southold [and the owner of] AT THE PRECEDING ELECTION AND WHOSE VOTER
REGISTRATION HAS AN ADDRESS WITHIN THE FISHERS ISLAND FERRY DISTRICT,
NATURAL PERSONS WHO OWN real property situate within the Fishers Island
ferry district assessed upon the last preceding town assessment roll
[residents of Fishers Island ferry district], AND INDIVIDUALS WHO HAVE
RESIDED IN THE FISHERS ISLAND FERRY DISTRICT FOR TWELVE MONTHS PRIOR TO
THE ELECTION shall be eligible to hold the office of ferry commissioner.
AT LEAST THREE FERRY COMMISSIONERS MUST BE NATURAL PERSONS WHO ARE
REGISTERED TO VOTE FOR TOWN OFFICES OF THE TOWN OF SOUTHOLD AT THE
PRECEDING ELECTION AND WHOSE VOTER REGISTRATION HAS AN ADDRESS WITHIN
THE FISHERS ISLAND FERRY DISTRICT OR RESIDENTS OF FISHERS ISLAND FERRY
DISTRICT. The ferry commissioners shall have power and it shall be the
duty of such commissioners:
(a) To prepare or cause to be prepared [and to submit to the town
board of the town of Southold for approval], plans for the acquisition,
construction and equipment of the ferry;
(b) To supervise the construction of any works or improvements
connected with the ferry [and make reports thereon from time to time as
the town board shall require];
(c) To have jurisdiction, control and supervision over the ferry and
to operate and maintain the same;
(d) To purchase all necessary tools, materials and supplies needed for
the proper upkeep of the ferry;
(e) [Subject to approval by the town board of the town, to] TO enter
into contracts or leases for the purpose of the ferry;
(f) [Subject to the approval of the town board of the town, to] TO
appoint and at pleasure remove a manager and such other employees and
assistants as may be necessary to carry out the purposes of this act,
and fix their compensation;
(g) [Subject to the approval of the town board of the town,] TO
promulgate and adopt and from time to time amend rules and regulations
governing the operation of the ferry;
(h) To fix and classify [with the approval of the town board and],
subject to agreements with bond holders, and from time to time reduce or
increase the rates of ferriage charges to be collected for the transpor-
tation of persons and of vehicles, and of goods, wares and merchandise;
(i) To fix the days and hours during which the ferry shall be operated
and cause notice thereof to be posted at all entrances to the ferry;
(j) To post and keep posted in conspicuous and accessible places
outside and adjacent to each entrance to the ferry, in plain view of the
passengers upon such ferry, a schedule plainly printed in the English
language of the rates of ferriage charges to be collected for transpor-
tation over such ferry;
(k) To have and exercise such additional powers and duties relating to
the operation, maintenance and up-keep of the ferry [as may be delegated
to them by the town board of the town].
§ 5. Section 5-a of chapter 699 of the laws of 1947 relating to
authorizing the creation of Fishers Island ferry district in the town of
Southold, Suffolk County, as added by chapter 620 of the laws of 1951,
is amended to read as follows:
§ 5-a. The town board of the town of [Southhold] SOUTHOLD may acquire,
by gift, purchase or lease, on behalf of the ferry district, an airport
or landing field situated on Fishers Island, after a public hearing held
in the same manner and upon the same notice as in the case of the estab-
S. 6278 4 A. 7750
lishment of the ferry district. The notice of hearing shall state gener-
ally the purpose of the hearing, describe the real property to be
acquired and the nature of such acquisition, specify the amount of the
consideration to be paid therefor and the time, when and place where
said town board will meet to consider the proposition and to hear all
persons interested in the subject thereof concerning the same. After
such hearing and upon the evidence adduced thereat, the town board shall
determine by resolution whether or not it is in the public interest to
acquire such real property in the manner and upon the terms stated in
the notice of hearing. If the town board shall determine that such
acquisition is in the public interest, it may proceed to acquire such
real property in the specified manner and upon the specified terms.
§ 6. Subdivision (c) of section 5-b of chapter 699 of the laws of 1947
relating to authorizing the creation of Fishers Island ferry district in
the town of Southold, Suffolk County, as added by chapter 620 of the
laws of 1951, is amended to read as follows:
(c) Provide such services and facilities as are usual and incidental
to the operation of an airport or landing field, INCLUDING HANGERS, and
fix, from time to time, the fees, charges, rentals or other consider-
ation for the rendering of such services and the use of such facilities.
§ 7. Section 6 of chapter 699 of the laws of 1947 relating to author-
izing the creation of Fishers Island ferry district in the town of Sout-
hold, Suffolk County, as amended by chapter 467 of the laws of 1993, is
amended to read as follows:
§ 6. All moneys received from ferriage charges shall be deposited
daily in [banks] A BANK or trust [companies] COMPANY in the state of New
York and the state of Connecticut, to be designated by the [supervisor
of the town of Southold and to the credit of the such supervisor. The
supervisor shall execute and file with the town clerk additional securi-
ty for the safekeeping and lawful application of such moneys in such
amount and with such sureties as the town board shall approve. The
expense incurred in connection with any such undertaking shall be a
charge against the district. The ferry commissioners shall on or before
the tenth day of each month, file with the town clerk of the town a
report of their activities during the preceding month in such detail as
the town board shall require. Each such report shall contain a statement
showing the amount of ferriage charges collected and all obligations of
the district unpaid at the time of filing the report. All claims against
the district shall be audited by the town board and paid by the supervi-
sor from moneys remaining to his credit and belonging to the ferry
district. Out of such moneys the town board may establish a revolving
petty cash fund for the use of the board of commissioners. Such fund
shall be in such amount as the town board may deem necessary but shall
not at any time exceed the sum of fifteen hundred dollars and shall
continue in existence from year to year until abolished. Such petty cash
fund shall be placed in an account in the name of the commissioners and
shall be under the control of the manager and expenditures therefrom
shall be made only for payment in advance of audit of properly itemized
and certified or verified bills for materials, supplies and services
other than employment. A statement of expenditures from such petty cash
fund and their purposes together with the bills or vouchers therefor
shall be a part of the monthly report to the two board. Upon audit by
the town board such petty cash fund shall be reimbursed in the amount of
the expenditures allowed. In the event that any such bills or expendi-
tures are disallowed the manager shall be personally liable therefor]
COMMISSIONERS AND TO THE CREDIT OF THE COMMISSIONERS.
S. 6278 5 A. 7750
§ 8. Section 7 of chapter 699 of the laws of 1947 relating to author-
izing the creation of Fishers Island ferry district in the town of Sout-
hold, Suffolk County, as amended by chapter 467 of the laws of 1993, is
amended to read as follows:
§ 7. The annual [meeting for the] election of commissioners shall be
held on the second Tuesday in August. At the first annual election one
ferry commissioner shall be elected for a term of one year, one for a
term of two years, one for a term of three years, one for a term of four
years and one ferry commissioner shall be elected for a term of five
years, to commence on the date of this election. Successors to such
ferry commissioners shall be elected for terms of five years each, OR
FILL THE REMAINING TERM VACATED BY A FORMER COMMISSIONER. The commis-
sioners shall organize by the election from their number of a chairman
who shall preside at all meetings of the board of commissioners. The
commissioners shall meet at least monthly ON A REGULARLY SCHEDULED DAY
IN EACH MONTH in accordance with a schedule of meetings to be estab-
lished by them prior to the start of the calendar year for the trans-
action of the business of the district. Special meetings may be held at
the call of the chairman. Each commissioner shall receive for his
services the sum of [fifty] ONE HUNDRED dollars for each meeting of the
board actually attended by him IN PERSON, provided that the aggregate
compensation which any such commissioner may receive for services
rendered during any year shall not exceed the sum of [two] FIVE thousand
[five hundred] dollars. In addition thereto each commissioner shall
receive his expenses actually and necessarily incurred in the perform-
ance of the duties of his office. Such expenses shall be paid from the
funds of the ferry district after audit [and approval by the town board]
AND APPROVAL BY THE COMMISSIONERS. AT ALL MEETINGS OF THE BOARD OF
COMMISSIONERS, A MAJORITY OF THE COMMISSIONERS, INCLUDING VACANT POSI-
TIONS, SHALL BE NECESSARY AND SUFFICIENT TO CONSTITUTE A QUORUM FOR THE
TRANSACTION OF BUSINESS, AND ACTION BY THE COMMISSIONERS AT A MEETING
SHALL BE UPON VOTE OF A MAJORITY OF THE COMMISSIONERS PRESENT AT ANY
MEETING OF THE BOARD AT WHICH A QUORUM IS PRESENT. COMMISSIONERS MAY,
UPON PROPER PUBLIC NOTICE, PARTICIPATE IN A MEETING OF THE BOARD BY
MEANS OF A VIDEOCONFERENCE, OR SUCH OTHER MEANS THAT ALLOW FOR EACH
PARTICIPANT TO SEE AND HEAR AND BE SEEN AND HEARD BY EACH OTHER PARTIC-
IPANT AT THE SAME TIME. COMMISSIONERS PARTICIPATING IN A MEETING BY SUCH
MEANS SHALL NOT RECEIVE COMPENSATION FOR PARTICIPATING IN SUCH MEETING.
WHENEVER A VACANCY SHALL OCCUR AMONG THE COMMISSIONERS, THE MAJORITY OF
THE REMAINING COMMISSIONERS MAY APPOINT A QUALIFIED PERSON TO FILL THE
VACANCY AND SERVE AS COMMISSIONER UNTIL THE NEXT ANNUAL MEETING.
§ 9. Section 8 of chapter 699 of the laws of 1947 relating to author-
izing the creation of Fishers Island ferry district in the town of Sout-
hold, Suffolk County is amended to read as follows:
§ 8. The manager shall be the administrative head of the district and
shall devote his entire time to the duties of his office. Before enter-
ing upon the duties of his office, the manager shall take the constitu-
tional oath of office and file the same in the office of the town clerk
of the town. The functions, powers and duties of the commissioners
relating to the operation and maintenance of Fishers Island ferry shall
be exercised and performed by the manager or under his supervision
subject to the direction and control of the commissioners. The manager
shall execute and file with the [town clerk of the town an] COMMISSION-
ERS ANY undertaking for the safekeeping and lawful application of any
funds of the district which may come to his hands in such amount and
with such surety or sureties as shall be approved by the [town board of
S. 6278 6 A. 7750
the town] COMMISSIONERS. THE COMMISSIONERS SHALL HAVE THE RIGHT TO
APPOINT MORE THAN ONE PERSON TO ACT AS CO-MANAGERS FOR THE DISTRICT AND
TO DESIGNATE DUTIES FOR EACH MANAGER. ALL CO-MANAGERS SHALL BE BOUND BY
THE OBLIGATIONS AND REQUIREMENTS OF THIS SECTION AND THIS ACT. THE
DUTIES OF THE MANAGER SHALL BE TO RECEIVE AND HAVE THE CUSTODY OF THE
FUNDS OF THE DISTRICT AND TO DISBURSE THE SAME FOR AUTHORIZED PURPOSES
ON THE ORDER OF THE COMMISSIONERS, TO KEEP APPROPRIATE AND REQUIRED
BOOKS AND RECORDS IN CONNECTION THEREWITH, AND TO SUBMIT SAME FOR EXAM-
INATION AND MAKE REPORTS TO THE COMMISSIONERS AT ANY TIME, UPON THEIR
REQUEST. THE MANAGER AND COMMISSIONERS SHALL FURNISH TO THE STATE COMP-
TROLLER, UPON REQUEST, COPIES OF SUCH RULES, ORDERS, CONTRACTS, FORMS,
AND OTHER DOCUMENTS AS THEY SHALL ADOPT OR EMPLOY, AND SUCH OTHER INFOR-
MATION CONCERNING THEIR ACTIVITIES AS IT MAY REQUIRE IN THE PERFORMANCE
OF THEIR DUTIES UNDER THIS ACT. THE MANAGER SHALL ON OR BEFORE THE TENTH
DAY OF EACH MONTH, FILE WITH THE COMMISSIONERS A REPORT OF HIS ACTIV-
ITIES DURING THE PRECEDING MONTH IN SUCH DETAIL AS THE COMMISSIONERS
SHALL REQUIRE. EACH SUCH REPORT SHALL CONTAIN A STATEMENT SHOWING THE
AMOUNT OF FERRIAGE CHARGES COLLECTED AND ALL OBLIGATIONS OF THE DISTRICT
UNPAID AT THE TIME OF FILING THE REPORT. ALL CLAIMS AGAINST THE DISTRICT
SHALL BE AUDITED MONTHLY BY THE COMMISSIONERS AND PAID BY THE COMMIS-
SIONERS FROM MONEYS REMAINING TO THEIR CREDIT AND BELONGING TO THE FERRY
DISTRICT. THE COMMISSIONERS MAY AUTHORIZE THE DISTRICT MANAGER TO
ESTABLISH AND MAINTAIN A PETTY CASH FUND, NOT IN EXCESS OF THREE THOU-
SAND DOLLARS, FOR SPECIFIC DISTRICT PURPOSES OR UNDERTAKINGS, FROM WHICH
MAY BE PAID IN ADVANCE OF AUDIT, PROPERLY ITEMIZED AND VERIFIED OR
CERTIFIED BILLS FOR MATERIALS, SUPPLIES OR SERVICES PROCURED BY THE
DISTRICT IN ACCORDANCE WITH ITS PROCUREMENT POLICY UPON TERMS CALLING
FOR THE PAYMENT OF CASH TO THE VENDOR UPON THE DELIVERY OF ANY SUCH
MATERIALS OR SUPPLIES OR THE RENDERING OF ANY SUCH SERVICES. LISTS OF
ALL EXPENDITURES MADE FROM SUCH PETTY CASH FUND SHALL BE PRESENTED TO
THE COMMISSIONERS AT EACH REGULAR MEETING THEREOF, TOGETHER WITH THE
BILLS SUPPORTING SUCH EXPENDITURES, FOR AUDIT AND COMMISSIONERS SHALL
DIRECT REIMBURSEMENT OF SUCH PETTY CASH FUND FROM ANY DISTRICT MONEYS IN
AN AMOUNT EQUAL TO THE TOTAL OF SUCH BILLS WHICH IT SHALL SO AUDIT AND
ALLOW. ANY OF SUCH BILLS OR ANY PORTION OF ANY SUCH BILLS AS SHALL BE
DISALLOWED UPON AUDIT SHALL BE THE PERSONAL RESPONSIBILITY OF THE MANAG-
ER AND SUCH OFFICIAL SHALL FORTHWITH REIMBURSE SUCH PETTY CASH FUND IN
THE AMOUNT OF SUCH DISALLOWANCES. THE COMMISSIONERS MAY AUTHORIZE THE
DISTRICT MANAGER TO ESTABLISH REVOLVING FUND ACCOUNTS FOR SPECIFIC
ADMINISTRATIVE AND OPERATIONAL ACCOUNTS, WHICH MAY BE CARRIED FROM ONE
FISCAL YEAR TO ANOTHER, AND TO AUTHORIZE THE DISTRICT MANAGER TEMPORAR-
ILY TO DEPOSIT OR INVEST MONEYS NOT REQUIRED FOR IMMEDIATE EXPENDITURE
IN SPECIAL TIME DEPOSIT ACCOUNTS IN, OR CERTIFICATES OF DEPOSIT ISSUED
BY, A BANK OR TRUST COMPANY LOCATED AND AUTHORIZED TO DO BUSINESS IN THE
STATE OF NEW YORK AND THE STATE OF CONNECTICUT, PROVIDED HOWEVER, THAT
SUCH TIME DEPOSIT ACCOUNT OR CERTIFICATE OF DEPOSIT SHALL BE PAYABLE
WITHIN SUCH TIME AS THE PROCEEDS SHALL BE NEEDED TO MEET EXPENDITURES
FOR WHICH SUCH MONEYS WERE OBTAINED AND PROVIDED FURTHER THAT SUCH TIME
DEPOSITS OR CERTIFICATE OF DEPOSIT BE SECURED BY A PLEDGE OF OBLIGATIONS
OF THE UNITED STATES OF AMERICA OR OBLIGATIONS OF THE STATE OF NEW YORK
OR OBLIGATIONS OF ANY MUNICIPALITY SCHOOL DISTRICT OR DISTRICT CORPO-
RATION OF THE STATE OF NEW YORK.
§ 10. Section 9 of chapter 699 of the laws of 1947 relating to author-
izing the creation of Fishers Island ferry district in the town of Sout-
hold, Suffolk County, as amended by chapter 637 of the laws of 1962, is
amended to read as follows:
S. 6278 7 A. 7750
§ 9. The annual [meeting] ELECTION shall be held within the district
at a place to be fixed by the commissioners. The commissioners shall
cause notice to be posted in five public places in the district at least
ten days before the date of the annual meeting. The notice shall state
the time, place and object of the meeting and the hours that the polls
are to remain open. The polls shall be open for a period of four hours
to be fixed by the commissioners. Voting shall be [by paper ballot to be
provided by the commissioners. Such ballots shall conform as nearly as
may be to ballots for primary elections provided by section one hundred
eight of] IN ACCORDANCE WITH THE PROCEDURES SET FORTH IN the election
law OF THE STATE OF NEW YORK. The expense of such annual [meeting]
ELECTION shall be a charge against the district. [Electors of the
district qualified] NATURAL PERSONS WHO ARE REGISTERED to vote for town
[officers] OFFICES of the town of Southold at the preceding [town]
election and [owners of] WHOSE VOTER REGISTRATION HAS AN ADDRESS WITHIN
THE FISHERS ISLAND FERRY DISTRICT, NATURAL PERSONS WHO OWN real property
situate within the Fishers Island ferry district assessed upon the last
preceding town assessment roll, AND NATURAL PERSONS WHO ARE RESIDENTS OF
THE FISHERS ISLAND FERRY DISTRICT AND MEET THE QUALIFICATIONS FOR VOTER
REGISTRATION ESTABLISHED BY THE SUFFOLK COUNTY BOARD OF ELECTIONS shall
be eligible to vote at any such annual election. IN NO INSTANCE SHALL A
NATURAL PERSON BE ENTITLED TO MORE THAN ONE (1) VOTE IN ANY SUCH ANNUAL
ELECTION. The members of the board of commissioners shall appoint a
board of inspectors consisting of a chairman and two tellers, all of
whom are resident taxpayers but not members of the board of commission-
ers and such board shall serve as the inspectors of election and at the
close of the polls shall canvass the vote and certify the result of the
election. A certificate of the result executed by the inspectors of
election shall be filed in the office of the town clerk of the town of
Southold.
§ 11. Section 10 of chapter 699 of the laws of 1947 relating to
authorizing the creation of Fishers Island ferry district in the town of
Southold, Suffolk County, as amended by chapter 637 of the laws of 1962,
is amended to read as follows:
§ 10. The fiscal year of the district shall commence on the first day
of January and end on the thirty-first day of December. The commission-
ers shall prepare detailed estimates in writing of the anticipated
revenues and expenditures for such district for the purpose of determin-
ing the amount of money required to meet the expenses of operation and
maintenance of the district and district property and improvements for
the fiscal year commencing on the first day of January next succeeding.
Upon the completion of such annual estimates, the commissioners shall
adopt a resolution specifying the time when and place where a public
hearing will be held upon such annual estimates and require the manager
to give notice of such hearing. Such hearing shall be held on or before
the twentieth day of August in each year. Notice of such hearing shall
be published once in one newspaper having general circulation within the
district at least ten days prior to the time of such hearing. At the
time and place specified in such notice, the commissioners shall meet
and review said annual estimates. At such hearing any person may be
heard in favor of or against such annual estimates as compiled or for or
against any item or items therein contained. After such hearing the
commissioners may increase or reduce any item contained in such annual
estimates. Thereupon, the commissioners shall approve such annual esti-
mates and submit the same to the town [board] CLERK of the town for its
action thereon in the manner and within the time specified in section
S. 6278 8 A. 7750
two hundred two-a of the town law. The town board shall add to any such
estimate installments of principal and of interest accruing during such
fiscal year on any town bonds issued to provide funds for the payment of
the cost of acquisition, construction MAINTENANCE and equipment of the
ferry DISTRICT. The amount of such estimate [as approved by the town
board] shall be raised by tax upon all the taxable real property of the
district, at the same time, in the same manner and by the same officers
as town charges are raised by tax therein, and when collected shall be
paid to the [supervisor of the town] DISTRICT, WITHOUT DELAY. All of the
provisions of section two hundred two-a of the town law, not inconsist-
ent with the provisions of this act, shall apply.
§ 12. Section 14 of chapter 699 of the laws of 1947 relating to
authorizing the creation of Fishers Island ferry district in the town of
Southold, Suffolk County, is REPEALED.
§ 13. Section 15 of chapter 699 of the laws of 1947 relating to
authorizing the creation of Fishers Island ferry district in the town of
Southold, Suffolk County, as added by chapter 916 of the laws of 1983,
is amended to read as follows:
§ [15] 14. 1. The [town board of the town of Southold on behalf of the
district,] COMMISSIONERS may establish one or more reserve funds for the
financing of all or part of the cost a "specific object or purpose" or a
"class of objects or purposes", as such terms are defined in Section
2.00 of the local finance law, which may be constructed, reconstructed,
acquired or provided by or on behalf of such district. The authorization
of the establishment of such a fund shall be subject to a permissive
referendum in the district and shall set forth the estimated maximum
cost of any such specific object or purpose or class thereof.
2. There may be paid into such fund such an amount as may be provided
therefor by budgetary appropriation or such district revenues as are not
required by law to be paid into any other fund or account. Any amount to
be assessed, levied and collected in the district to provide money for
such a fund shall be assessed, levied and collected in the same manner
and at the same time as the amount to provide for the costs of operation
and maintenance of such district.
3. An expenditure may be made from such a reserve fund only by an
authorization of the [town board] COMMISSIONERS and only for a specific
object or purpose or class thereof, the cost of which may be financed
therefrom.
4. The [town board] COMMISSIONERS may authorize the transfer to the
credit of a reserve fund created pursuant to this section for the
district, any unexpended balance remaining in another reserve fund
created for the district. If the object or purpose or class thereof for
which the latter fund was established has been completed, acquired or
provided, a sum sufficient to satisfy all outstanding claims arising
from such completion, acquisition or provision shall be retained in such
fund and not transferred.
§ 14. Section 16 of chapter 699 of the laws of 1947 relating to
authorizing the creation of Fishers Island ferry district in the town of
Southold, Suffolk County, is renumbered section 15.
§ 15. This act shall take effect immediately.
