§ 2050-uu. Solid waste facility reserve fund. The legislative bodies
of the towns may establish a special fund, to be known as solid waste
facility reserve fund of such town. There shall be credited to such
reserve fund all amounts paid to such town and specifically designated
by the payor for deposit in such reserve fund, together with such town
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 town under the terms of any contract entered into pursuant
to this title or for the construction, operation or closure of solid
waste management facilities within the town, 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 towns legislative body, all or any portion of the moneys in such
reserve fund may be transferred to any other reserve fund established by
the town 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.