Section 15-2141. Hudson River Regulating District and Black River Regulating District: funds of the board


Latest version.
  • 1. Notwithstanding the consolidation of the  Hudson  River  Regulating
      District and the Black River Regulating District into a single district,
      effectuated  by  this  title, or any other provision of title 21 of this
      article, moneys constituting the  respective  "general  fund"  or  "debt
      service  fund"  or  other  fund  or  funds  of  either  the Hudson River
      Regulating Board or District or the  Black  River  Regulating  Board  or
      District,  shall  remain  and  be  kept  separate and apart and shall be
      applied for the cost of maintenance and operation in  the  area  of  the
      appropriate  district  and  to  pay  the  debts  and  obligations of the
      appropriate board  or  district,  on  whose  account  such  moneys  were
      received.
        2.  Notwithstanding  any  provision of sections 15-2137 and 15-2139 or
      any other provision of title 21 of this article,  all  moneys  hereafter
      received  by  the  Hudson  River-Black River Regulating District and its
      board, as consolidated, by reason of assessments or  from  the  sale  of
      obligations  issued  or  from  other source, all for the purposes of the
      respective areas  heretofore  comprising  the  Hudson  River  Regulating
      District  or the Black River Regulating District, shall be kept separate
      and apart and shall constitute "general funds" and "debt service  funds"
      and  other  fund  or  funds  with  the  same  force  and effect as funds
      heretofore constituted by the Hudson River Regulating Board or  District
      and by the Black River Regulating Board or District and shall be applied
      solely for the cost of maintenance and operation in the respective areas
      from which the moneys were received and to pay the debts and obligations
      accrued  or  as  they  become  due  in  the  areas  where  the debts and
      obligations were incurred, provided, however, that the expenses  of  the
      board,  as  consolidated by this part, and of its officers and employees
      shall  be  paid  from  the  appropriate  "general  funds"  in  the  same
      proportion  as  moneys are annually collected from the respective areas.
      The provisions of section 15-2129, in so far as the same are  applicable
      and  not  inconsistent  herewith,  shall  apply  as  they  relate to the
      "general fund", "debt service fund", and to the fund  or  funds  of  the
      district.