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

§ 2050-uu. Solid waste facility reserve fund. The legislative bodies

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

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

reserve fund all amounts paid to such town and specifically designated

by the payor for deposit in such reserve fund, together with such town

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 town under the terms of any contract entered into pursuant

to this title or for the construction, operation or closure of solid

waste management facilities within the town, 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 towns legislative body, all or any portion of the moneys in such

reserve fund may be transferred to any other reserve fund established by

the town 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.