N.Y. Public Authorities Law § 2050-u: Solid waste facility reserve fund

§ 2050-u. Solid waste facility reserve fund. The county legislature

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

reserve fund of the county. There shall be credited in 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

fund shall be deposited in interest-bearing accounts and 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 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 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.