New York Laws
Title 21 - River Regulation by Storage Reservoirs
15-2141 - Hudson River Regulating District and Black River Regulating District: Funds of the Board.

District: funds of the board.

1. Notwithstanding the consolidation of the Hudson River Regulating
District and the Black River Regulating District into a single district,
effectuated by this title, or any other provision of title 21 of this
article, moneys constituting the respective "general fund" or "debt
service fund" or other fund or funds of either the Hudson River
Regulating Board or District or the Black River Regulating Board or
District, shall remain and be kept separate and apart and shall be
applied for the cost of maintenance and operation in the area of the
appropriate district and to pay the debts and obligations of the
appropriate board or district, on whose account such moneys were
received.

2. Notwithstanding any provision of sections 15-2137 and 15-2139 or
any other provision of title 21 of this article, all moneys hereafter
received by the Hudson River-Black River Regulating District and its
board, as consolidated, by reason of assessments or from the sale of
obligations issued or from other source, all for the purposes of the
respective areas heretofore comprising the Hudson River Regulating
District or the Black River Regulating District, shall be kept separate
and apart and shall constitute "general funds" and "debt service funds"
and other fund or funds with the same force and effect as funds
heretofore constituted by the Hudson River Regulating Board or District
and by the Black River Regulating Board or District and shall be applied
solely for the cost of maintenance and operation in the respective areas
from which the moneys were received and to pay the debts and obligations
accrued or as they become due in the areas where the debts and
obligations were incurred, provided, however, that the expenses of the
board, as consolidated by this part, and of its officers and employees
shall be paid from the appropriate "general funds" in the same
proportion as moneys are annually collected from the respective areas.
The provisions of section 15-2129, in so far as the same are applicable
and not inconsistent herewith, shall apply as they relate to the
"general fund", "debt service fund", and to the fund or funds of the
district.