N.Y. Public Authorities Law § 2041-u: Solid waste reserve fund

§ 2041-u. Solid waste reserve fund. The legislative body of each

participating county may establish a special fund, to be known as the

solid waste reserve fund of that county. There shall be credited to such

reserve fund all amounts paid to the participating county and

specifically designated by the payor for deposit in such reserve fund,

together with such county moneys as may be appropriated thereto from

time to time. Moneys in such reserve funds may be appropriated only for

the purpose of paying amounts due from the county under the terms of any

contract entered into pursuant to this title, for which an insufficient

or no provision has otherwise been made, except that upon the adoption

of a resolution by at least a two-thirds vote of the voting strength of

the participating county's legislative body, all or any portion of the

moneys in such reserve fund may be transferred to any other reserve fund

established by the county pursuant to the general municipal law. To the

extent not inconsistent with the provisions of this section, the

management of such reserve fund and the investment of moneys therein

shall be subject to the provisions of section six-h of the general

municipal law.