§ 2050-u. Solid waste facility reserve fund. The county legislature
may establish a special fund, to be known as solid waste facility
reserve fund of the county. There shall be credited in such reserve fund
all amounts paid to the 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
fund shall be deposited in interest-bearing accounts and 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 the county legislature, 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.