(b) Notwithstanding any other provision of this article to the
contrary, the net collections from the tax imposed pursuant to
subdivision (a) of this section for the period beginning March first,
two thousand twenty-four and ending February twenty-ninth, two thousand
sixty shall, upon payment to the county of Suffolk, be deposited in a
special fund, to be designated as the water quality restoration fund to
be created by said county therefor separate and apart from any other
funds and accounts of the county. Moneys in such fund shall be deposited
and secured in the manner provided by section ten of the general
municipal law and in no event shall moneys deposited be transferred to
any other account. In addition to the net collections from the tax,
deposits into the fund may include revenues of Suffolk county from
whatever source and may include the acceptance of gifts. Pending
expenditure from such fund, moneys therein may be invested in the manner
provided in section eleven of the general municipal law. Any interest
earned or capital gain realized on the moneys so deposited or invested
shall accrue to and become part of such fund. Moneys in said fund may be
appropriated from and transferred to or expended in any fiscal year only
for the purposes authorized by subdivision eleven of section two hundred
fifty-six-b of the county law.
Structure New York Laws
Article 29 - Taxes Authorized for Cities, Counties and School Districts
Part 1 - Authority to Impose Taxes
Sub Part B - Taxes Administered by State Tax Commission
1210 - Taxes of Cities and Counties Administered by State Tax Commission.
1210-E - Sales and Compensating Use Taxes Within Herkimer County.
1211 - Taxes of Certain Cities and School Districts Administered by State Tax Commission.
1212 - Certain Taxes of School Districts Administered by Commissioner.
1213 - Deliveries Outside the Jurisdiction Where Sale Is Made.
1216 - Special Transitional Provisions for Utility Services.
1217 - General Transitional Provisions.
1218 - Incorporation of Articles Twenty-Eight and Twenty-Nine Into Local Enactments.