(a) authorize a withdrawal from a retirement contribution reserve fund
for any purpose except as provided in this section; or
(b) expend any money withdrawn from such fund for a purpose other than
as provided in this section.
Any member of the governing board who violates the provisions of this
subdivision shall be guilty of a misdemeanor.
10. The governing board of such municipal corporation by resolution
may determine that a retirement contribution reserve fund is no longer
needed and terminate the fund. Such resolution shall transfer any moneys
remaining in such fund to one or more reserve funds of the municipal
corporation established pursuant to section six-c, six-d, six-e, six-f
or six-g of this article comprised of moneys raised from the same tax
base as the moneys in the retirement contribution reserve fund, or one
or more reserve funds established pursuant to section thirty-six hundred
fifty-one of the education law.
11. The governing board of a municipal corporation which is a
participating employer as defined in subdivision three of section five
hundred one of the education law by resolution may (a) authorize the
transfer of all or a portion of the monies in the separately
administered sub-fund as established under subdivision two-a of this
section to the retirement contribution reserve fund, and/or (b)
authorize the transfer of all or a portion of the monies in the
retirement contribution reserve fund to the separately administered
sub-fund as provided in subdivision two-a of this section, subject to
the limits on annual payments into the sub-fund and the balance of the
sub-fund specified by subdivision two-a of this section.
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.