N.Y. General Municipal Law Section 6-V
Asset forfeiture escrow fund


1.

As used in this section:

a.

The term “governing board”, insofar as it is used in reference to a village, shall mean the board of trustees thereof; insofar as it is used in reference to a town, shall mean the town board thereof; insofar as it is used in reference to a county, shall mean the board of supervisors or the county legislature thereof, as applicable; insofar as it is used in reference to a city, shall mean the “legislative body” thereof, as that term is defined in subdivision seven of Municipal Home Rule Law § 2 (Definitions)section two of the municipal home rule law.

b.

The term “chief fiscal officer” shall mean:

(i)

In the case of counties operating under (1) an alternative form of county government or charter enacted as a state statute or adopted under the alternative county government law or by local law, the official designated in such statute, consolidated law or local law as the chief fiscal officer, or, if no such designation is made therein, the official possessing powers and duties similar to those of a county treasurer under the county law as shall be designated by local law. (2) In the case of counties not operating under an alternative form of county government or charter enacted as a state statute or adopted under the alternative county government law or by local law, the treasurer, except that, in the case of counties having a comptroller, it shall mean the comptroller.

(ii)

In the case of cities, the comptroller; if a city does not have a comptroller, the treasurer; if a city has neither a comptroller nor a treasurer, such official possessing powers and duties similar to those of a city treasurer as the finance board shall, by resolution, designate. A certified copy of such designation shall be filed with the state comptroller and shall be a public record.

(iii)

In the case of towns, the town supervisor; if a town has more than one supervisor, the presiding supervisor.

(iv)

In the case of villages, the village treasurer.

c.

The term “claiming authority” shall mean the district attorney having jurisdiction over the offense or the attorney general for purpose of those crimes for which the attorney general has criminal jurisdiction in a case where the underlying criminal charge has been, is being or could have been brought by the attorney general, or the appropriate corporation counsel or county attorney, where such corporation counsel or county attorney may act as a claiming authority only with the consent of the district attorney or the attorney general, as appropriate.

d.

The term “claiming agent” shall mean and shall include all persons described in subdivision thirty-four of section 1.20 of the criminal procedure law, and sheriffs, undersheriffs and deputy sheriffs of counties within the city of New York.

2.

The governing board shall authorize the establishment of an asset forfeiture escrow fund for any claiming agent or claiming authority as is deemed necessary for the monies and proceeds of sale of property realized as a consequence of any forfeiture. The separate identity of such fund shall be maintained.

3.

There shall be paid into the asset forfeiture escrow fund all proceeds realized as a consequence of any forfeiture action. Such funds shall include, but are not limited to, all funds and any property (real, personal, tangible and/or intangible) that are forfeited pursuant to agreement or otherwise prior to, in lieu of or after the lodging of criminal charges, pre-indictment, post-indictment, or after conviction by plea or trial. Such funds shall also include funds that are forfeited in compromise of charges that are never brought.

4.

The monies and proceeds in the asset forfeiture escrow fund shall be deposited and secured in the manner provided by § 10 (Deposits of public money)section ten of this article. All monies and proceeds so deposited in such fund shall be kept in a separate bank account. The chief fiscal officer may invest the moneys in such fund in the manner provided in § 11 (Temporary investments)section eleven of this article. Any interest earned or capital gains realized on the moneys so deposited or invested shall accrue to and become part of such fund. The separate identity of such fund shall be maintained, whether its assets consist of cash, investments, or both.

5.

Every claim for the payment of money from the asset forfeiture escrow fund shall specify the purpose of the requested payment and must be accompanied by a written certification that the expenditure is in compliance with all applicable laws. Payments from such fund shall be made by the chief fiscal officer subject to the required certification and the determination of fund sufficiency.

6.

The chief fiscal officer, at the termination of each fiscal year, shall render a detailed report of the operation and condition of the asset forfeiture escrow fund to the governing board and the state comptroller. Such report shall be subject to examination and audit. The chief fiscal officer may account for such fund separate and apart from all other funds of the village, town, county, and city.

Source: Section 6-V — Asset forfeiture escrow fund, https://www.­nysenate.­gov/legislation/laws/GMU/6-V (updated Oct. 11, 2019; accessed Jun. 8, 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

Accessed:
Jun. 8, 2024

Last modified:
Oct. 11, 2019

§ 6-V’s source at nysenate​.gov

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