Section 9-A. Inter-fund advances

1. Definitions. As used in this section,
  the following terms shall have the following meanings:
    (a) "Fund" shall mean a group of accounts set aside for the purpose of
  accounting for moneys or other resources of a municipal  corporation  in
  accordance  with  the uniform system of accounts prescribed by the state
  comptroller pursuant to section thirty-six of  this  chapter  and  shall
  include  funds  established  for special improvement districts and other
  funds containing moneys which, if raised by taxes,  special  ad  valorem
  levies  or  special  assessments,  would  be raised by taxes, special ad
  valorem levies or special assessments levied on property  in  less  than
  the entire area of the municipal corporation.
    (b)  "Moneys" shall mean moneys of the municipal corporation raised or
  received from any source which are held in  the  custody  of  the  chief
  fiscal  officer  of  the  municipal  corporation and are not immediately
  required for the purpose for which they were raised or received,  except
  proceeds from the sale of obligations or other moneys which, by law, may
  be used only for stated purposes.
    (c)  "Chief fiscal officer" shall mean chief fiscal officer as defined
  in paragraph five of section 2.00 of the local finance law.
    2. A municipal corporation may temporarily advance moneys held in  any
  fund to any other fund of the municipal corporation.  Any such temporary
  advance shall be authorized in the same manner as prescribed by general,
  special   or   local   law   for   making  budgetary  transfers  between
  appropriations.   Suitable records  shall  be  kept  of  each  temporary
  advance.
    3.  Moneys  temporarily  advanced  pursuant  to  this section shall be
  repaid to the fund from which they were advanced as  soon  as  available
  but  in  no  event  later than the close of the fiscal year in which the
  advance was made. If moneys from a  fund  which,  if  raised  by  taxes,
  special  ad  valorem levies or special assessments, would be raised from
  taxes, ad valorem levies or special assessments on a different  base  of
  properties  than  those  for  which  taxes, ad valorem levies or special
  assessments would be raised for the fund to which the advance  is  made,
  the  repayment  shall  include  an amount reasonably estimated to be the
  additional amount that would have  been  earned  on  the  investment  of
  moneys in the fund making the advance had the advance not been made.