Section 2049-UU. Solid waste facility reserve fund  


Latest version.
  • The legislative bodies
      of the counties may establish a special fund, to be known as solid waste
      facility reserve fund of such county. There shall be  credited  to  such
      reserve fund all amounts paid to such 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-third  vote  of  the  voting  strength  of  such  counties
      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.