New York Laws
Title 13-AA - Montgomery, Otsego, Schoharie Solid Waste Management Authority
2041-U - Solid Waste Reserve Fund.

§ 2041-u. Solid waste reserve fund. 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.