Section 2041-U. Solid waste reserve fund  


Latest version.
  • The legislative body of each
      participating county may establish a special fund, to be  known  as  the
      solid waste reserve fund of that county. There shall be credited to such
      reserve   fund   all  amounts  paid  to  the  participating  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 funds 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 participating county's legislative body, 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.