N.Y. Public Authorities Law § 2047-u: Solid waste facility reserve fund

§ 2047-u. Solid waste facility reserve fund. The county legislature

may establish a special fund, to be known as the solid waste facility

reserve fund of the county. There shall be credited to such reserve fund

all amounts paid to the 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 county legislature, 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 subdivision, 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.