N.Y. General Municipal Law § 6-o: Solid waste management facility reserve funds

§ 6-o. Solid waste management facility reserve funds. The governing

body of a municipality may establish a fund, to be known as a solid

waste management facility reserve fund of such municipality. There shall

be deposited in such reserve fund such amounts as such governing body

shall from time to time deem appropriate, which may include, but need

not be limited to, such percentage of fees received by such municipality

from the operation of municipally owned or operated solid waste

management facilities as defined in title seven of article twenty-seven

of the environmental conservation law, as deemed appropriate by such

municipality. Moneys in the solid waste management facility reserve fund

shall be deposited and secured in the manner provided by section ten of

this article and shall be appropriated only for the purpose of paying

amounts due for the design, construction and operation, of solid waste

management facilities owned or operated by such municipality, and for

closure, or post-closure care, including operation and maintenance

expenses of solid waste management facilities owned or operated by or on

behalf of such municipality. The management of a solid waste management

facility reserve fund established pursuant to this section and shall be

subject to the provisions of subdivision seven, eight and ten of section

six-h of this article and the investment of moneys therein shall be

subject to the provisions of section eleven of this article. The

governing board of a municipality may authorize the transfer of funds

from the solid waste management facility reserve fund to the credit of

another capital reserve fund if the unexpended balance remaining in the

fund established for a specific capital improvement has been completed,

after deducting from such balance a sum sufficient to satisfy all

outstanding claims arising from the construction, reconstruction or

acquisition of such capital improvement. For the purposes of this

section the term "municipality" shall mean a municipal corporation, as

defined in section two of this chapter or any designated agency thereof,

or a solid waste management district, public authority or public benefit

corporation having power to construct, operate and maintain a solid

waste management facility.