Section 2047-U. Solid waste facility reserve fund  


Latest version.
  • The county legislature
      may establish a special fund, to be known as the  solid  waste  facility
      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
      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 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 subdivision, 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.
        * NB There are 2 § 2047-u's