N.Y. General Municipal Law Section 6-O
Solid waste management facility reserve funds

The governing body of a municipality may establish a fund, to be known as a solid waste management facility reserve fund of such municipality. There shall be deposited in such reserve fund such amounts as such governing body shall from time to time deem appropriate, which may include, but need not be limited to, such percentage of fees received by such municipality from the operation of municipally owned or operated solid waste management facilities as defined in title seven of article twenty-seven of the environmental conservation law, as deemed appropriate by such municipality. Moneys in the solid waste management facility reserve fund shall be deposited and secured in the manner provided by § 10 (Deposits of public money)section ten of this article and shall be appropriated only for the purpose of paying amounts due for the design, construction and operation, of solid waste management facilities owned or operated by such municipality, and for closure, or post-closure care, including operation and maintenance expenses of solid waste management facilities owned or operated by or on behalf of such municipality. The management of a solid waste management facility reserve fund established pursuant to this section and shall be subject to the provisions of subdivision seven, eight and ten of § 6-H (Reserve fund for payment of bonded indebtedness in counties, cities, villages, towns and fire districts)section six-h of this article and the investment of moneys therein shall be subject to the provisions of § 11 (Temporary investments)section eleven of this article. The governing board of a municipality may authorize the transfer of funds from the solid waste management facility reserve fund to the credit of another capital reserve fund if the unexpended balance remaining in the fund established for a specific capital improvement has been completed, after deducting from such balance a sum sufficient to satisfy all outstanding claims arising from the construction, reconstruction or acquisition of such capital improvement. For the purposes of this section the term “municipality” shall mean a municipal corporation, as defined in § 2 (Definitions)section two of this chapter or any designated agency thereof, or a solid waste management district, public authority or public benefit corporation having power to construct, operate and maintain a solid waste management facility.

Source: Section 6-O — Solid waste management facility reserve funds, https://www.­nysenate.­gov/legislation/laws/GMU/6-O (updated Sep. 22, 2014; accessed Oct. 26, 2024).

3
Compensation for property of a municipal corporation, school district or district corporation taken by eminent domain 3‑A
Rate of interest on judgments and accrued claims against municipal corporations 3‑B
Limitation on real estate tax in New York city 3‑C
Limit upon real property tax levies by local governments 4
Investigation of expenditures of towns and villages 5
Payment of fines, civil penalties, rent, rates, taxes, fees, charges and other amounts by credit card 5‑A
Electronic or wire transfers 5‑B
Collection of fines, civil penalties, rent, rates, taxes, fees, charges and other amounts via the internet 6‑C
Capital reserve funds for counties, cities, villages, towns and sewer and water improvement districts 6‑D
Repair reserve funds for municipal corporations, school districts, district corporations and improvement districts 6‑E
Contingency and tax stabilization reserve fund for municipal corporations 6‑F
Snow and ice removal and road repair reserve funds for municipal corporations 6‑G
Capital reserve funds for fire districts 6‑H
Reserve fund for payment of bonded indebtedness in counties, cities, villages, towns and fire districts 6‑I
Airport development and amortization funds 6‑J
Workmen’s compensation reserve fund 6‑K
Electric utility depreciation reserve funds 6‑L
Mandatory reserve fund for municipal corporations, fire districts and school districts 6‑M
Unemployment insurance payment reserve fund 6‑N
Insurance reserve fund 6‑O
Solid waste management facility reserve funds 6‑P
Employee benefit accrued liability reserve fund 6‑Q
Intermunicipal agreement for a joint capital reserve fund in the county of Tompkins 6‑R
Retirement contribution reserve funds 1 6‑S
Community preservation funds 6‑T
Charitable gifts reserve fund 6‑U
Charitable gifts reserve fund 6‑V
Asset forfeiture escrow fund 7
Payment of municipal bonds 8
Application of revenues of a public improvement or part thereof, or service 9
Use of tax moneys raised outside constitutional tax limit 9‑A
Inter-fund advances 10
Deposits of public money 11
Temporary investments 12
Deposits of public authorities, public benefit corporations and other corporations 20
Special population census: population data 21
Cancellation of unpaid checks or drafts 22
Claims against fire insurance proceeds 23
Flexible benefits program 24
Corporation for the benefit of the city of New York 25
Treatment of capital costs and certain fund balances of the city of New York
Green check means up to date. Up to date

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 6-O’s source at nysenate​.gov

Link Style