N.Y. County Law § 307: System revenues; adjustment of surcharge

§ 307. System revenues; adjustment of surcharge. All surcharge monies

remitted to the municipality by a service supplier and all other monies

dedicated to the payment of system costs from whatever source derived or

received by the municipality shall be expended only upon authorization

of the board and only for payment of system costs as permitted by this

article. The municipality shall separately account for and keep adequate

books and records of the amount and source of all such revenues and of

the amount and object or purpose of all expenditures thereof. If at the

end of any fiscal year the total amount of all such revenues exceeds the

amount necessary for payment of system costs in such fiscal year, such

excess shall be reserved and carried over for the payment of system

costs in the following fiscal year. However, if at the end of any fiscal

year such E911 reserved fund balance exceeds an amount equal to five

percent of that necessary for the payment of system costs in such fiscal

year, the board shall by local law reduce the surcharge for the

following fiscal year to a level which more adequately reflects the

system cost requirements of its E911 system. The board may also by local

law reestablish or increase such surcharge, subject to the provisions of

section three hundred three of this article, if the revenues generated

by such surcharge and by any other source are not adequate to pay for

system costs.