(a) "Fund" shall mean a group of accounts set aside for the purpose of
accounting for moneys or other resources of a municipal corporation in
accordance with the uniform system of accounts prescribed by the state
comptroller pursuant to section thirty-six of this chapter and shall
include funds established for special improvement districts and other
funds containing moneys which, if raised by taxes, special ad valorem
levies or special assessments, would be raised by taxes, special ad
valorem levies or special assessments levied on property in less than
the entire area of the municipal corporation.
(b) "Moneys" shall mean moneys of the municipal corporation raised or
received from any source which are held in the custody of the chief
fiscal officer of the municipal corporation and are not immediately
required for the purpose for which they were raised or received, except
proceeds from the sale of obligations or other moneys which, by law, may
be used only for stated purposes.
(c) "Chief fiscal officer" shall mean chief fiscal officer as defined
in paragraph five of section 2.00 of the local finance law.
2. A municipal corporation may temporarily advance moneys held in any
fund to any other fund of the municipal corporation. Any such temporary
advance shall be authorized in the same manner as prescribed by general,
special or local law for making budgetary transfers between
appropriations. Suitable records shall be kept of each temporary
advance.
3. Moneys temporarily advanced pursuant to this section shall be
repaid to the fund from which they were advanced as soon as available
but in no event later than the close of the fiscal year in which the
advance was made. If moneys from a fund which, if raised by taxes,
special ad valorem levies or special assessments, would be raised from
taxes, ad valorem levies or special assessments on a different base of
properties than those for which taxes, ad valorem levies or special
assessments would be raised for the fund to which the advance is made,
the repayment shall include an amount reasonably estimated to be the
additional amount that would have been earned on the investment of
moneys in the fund making the advance had the advance not been made.
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.