§ 6-o. Solid waste management facility reserve funds. The governing\nbody of a municipality may establish a fund, to be known as a solid\nwaste management facility reserve fund of such municipality. There shall\nbe deposited in such reserve fund such amounts as such governing body\nshall from time to time deem appropriate, which may include, but need\nnot be limited to, such percentage of fees received by such municipality\nfrom the operation of municipally owned or operated solid waste\nmanagement facilities as defined in title seven of article twenty-seven\nof the environmental conservation law, as deemed appropriate by such\nmunicipality. Moneys in the solid waste management facility reserve fund\nshall be deposited and secured in the manner provided by section ten of\nthis article an
Free access — add to your briefcase to read the full text and ask questions with AI
§ 6-o. Solid waste management facility reserve funds. The governing\nbody of a municipality may establish a fund, to be known as a solid\nwaste management facility reserve fund of such municipality. There shall\nbe deposited in such reserve fund such amounts as such governing body\nshall from time to time deem appropriate, which may include, but need\nnot be limited to, such percentage of fees received by such municipality\nfrom the operation of municipally owned or operated solid waste\nmanagement facilities as defined in title seven of article twenty-seven\nof the environmental conservation law, as deemed appropriate by such\nmunicipality. Moneys in the solid waste management facility reserve fund\nshall be deposited and secured in the manner provided by section ten of\nthis article and shall be appropriated only for the purpose of paying\namounts due for the design, construction and operation, of solid waste\nmanagement facilities owned or operated by such municipality, and for\nclosure, or post-closure care, including operation and maintenance\nexpenses of solid waste management facilities owned or operated by or on\nbehalf of such municipality. The management of a solid waste management\nfacility reserve fund established pursuant to this section and shall be\nsubject to the provisions of subdivision seven, eight and ten of section\nsix-h of this article and the investment of moneys therein shall be\nsubject to the provisions of section eleven of this article. The\ngoverning board of a municipality may authorize the transfer of funds\nfrom the solid waste management facility reserve fund to the credit of\nanother capital reserve fund if the unexpended balance remaining in the\nfund established for a specific capital improvement has been completed,\nafter deducting from such balance a sum sufficient to satisfy all\noutstanding claims arising from the construction, reconstruction or\nacquisition of such capital improvement. For the purposes of this\nsection the term "municipality" shall mean a municipal corporation, as\ndefined in section two of this chapter or any designated agency thereof,\nor a solid waste management district, public authority or public benefit\ncorporation having power to construct, operate and maintain a solid\nwaste management facility.\n