N.Y. Public Authorities Law § 2049-uu: Solid waste facility reserve fund

§ 2049-uu. Solid waste facility reserve fund. The legislative bodies

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

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

reserve fund all amounts paid to such 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-third vote of the voting strength of such counties

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.