Legislation
SECTION 2053-W
Solid waste reserve fund
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 13-M
§ 2053-w. Solid waste reserve fund. The county legislature may
establish a special fund, to be known as the solid waste reserve fund of
the county. There shall be credited to 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 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-thirds 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.
establish a special fund, to be known as the solid waste reserve fund of
the county. There shall be credited to 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 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-thirds 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.