ยง 6-i. Airport development and amortization funds. a. There shall be a
fund set up for each airport acquired, constructed or maintained by a
municipal corporation, which fund shall be known as the
"................ airport development fund". There shall be paid into
such fund all payments for leases, permits or other privileges at such
airport, received prior to its construction or to the commencement of
its operation. All moneys paid into such fund shall be used solely for
the acquisition, construction or physical development of such airport.
b. There shall be a fund set up for each airport hereafter acquired or
constructed by a municipal corporation, which fund shall be known as the
"................ airport amortization fund". There shall be paid into
such fund all revenues derived from the operation of such airport except
parking fees, sightseeing fees and rentals derived from leases of real
property at such airport not used exclusively for air transportation
operations. The moneys paid into such fund shall be applied to the
payment of interest on and the retirement of any outstanding
indebtedness incurred for the acquisition and construction of such
airport but any balance remaining beyond the amount required for such
purposes shall be paid into the general fund of such municipal
corporation for general municipal purposes.
Structure New York Laws
Article 2 - General Municipal Finances
3-A - Rate of Interest on Judgments and Accrued Claims Against Municipal Corporations.
3-B - Limitation on Real Estate Tax in New York City.
3-C - Limit Upon Real Property Tax Levies by Local Governments.
4 - Investigation of Expenditures of Towns and Villages.
5-A - Electronic or Wire Transfers.
6-E - Contingency and Tax Stabilization Reserve Fund for Municipal Corporations.
6-F - Snow and Ice Removal and Road Repair Reserve Funds for Municipal Corporations.
6-G - Capital Reserve Funds for Fire Districts.
6-I - Airport Development and Amortization Funds.
6-J - Workmen's Compensation Reserve Fund.
6-K - Electric Utility Depreciation Reserve Funds.
6-L - Mandatory Reserve Fund for Municipal Corporations, Fire Districts and School Districts.
6-M - Unemployment Insurance Payment Reserve Fund.
6-O - Solid Waste Management Facility Reserve Funds.
6-P - Employee Benefit Accrued Liability Reserve Fund.
6-Q - Intermunicipal Agreement for a Joint Capital Reserve Fund in the County of Tompkins.
6-R - Retirement Contribution Reserve Funds
6-S - Community Preservation Funds.
6-T - Charitable Gifts Reserve Fund.
6-U - Charitable Gifts Reserve Fund.
6-V - Asset Forfeiture Escrow Fund.
7 - Payment of Municipal Bonds.
8 - Application of Revenues of a Public Improvement or Part Thereof, or Service.
9 - Use of Tax Moneys Raised Outside Constitutional Tax Limit.
10 - Deposits of Public Money; Security.
12 - Deposits of Public Authorities, Public Benefit Corporations and Other Corporations.
20 - Special Population Census: Population Data.
21 - Cancellation of Unpaid Checks or Drafts.
22 - Claims Against Fire Insurance Proceeds; Procedure.
23 - Flexible Benefits Program.