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Home » US Law » 2022 New York Laws » Consolidated Laws » GMU - General Municipal » Article 2 - General Municipal Finances

10 – Deposits of Public Money; Security.

§ 10. Deposits of public money; security. 1. For purposes of this section: a. “Local government” shall mean any municipal corporation, school district, board of cooperative educational services, district corporation, special improvement district governed by a separate board of commissioners, industrial development agency or authority or a public library. b. “Public funds” shall mean funds […]

11 – Temporary Investments.

§ 11. Temporary investments. 1. For purposes of this section, the terms “local government”, “bank” and “trust company” shall have the same meanings as in section ten of this article. 2. a. The governing board of any local government or, if the governing board so delegates, the chief fiscal officer or other officer having custody […]

20 – Special Population Census: Population Data.

§ 20. Special population census: population data. 1. Any county on behalf of all cities, towns and villages therein or any county, city, town, or village on its own behalf is hereby authorized and empowered to contract with the United States bureau of the census to supervise a special population census for purposes of computation […]

21 – Cancellation of Unpaid Checks or Drafts.

§ 21. Cancellation of unpaid checks or drafts. Checks or drafts of any municipal corporation, district corporation or school district which shall have been outstanding for more than one year from the respective dates thereof, shall be cancelled and the amount thereof returned to the fund which was originally charged. Prior to such cancellation, the […]

22 – Claims Against Fire Insurance Proceeds; Procedure.

§ 22. Claims against fire insurance proceeds; procedure. 1. As used in this section, any inconsistent provision of law notwithstanding, the following terms shall have the following meanings: (a) “Enforcing officer” means the elected or appointed officer of any tax district charged by law with the duty to enforce the collection of tax liens on […]

23 – Flexible Benefits Program.

§ 23. Flexible benefits program. 1. For purposes of this section, the following terms shall have the following meanings: a. “Code” shall mean the United States internal revenue code of nineteen hundred eighty-six, as amended, and regulations promulgated thereunder. b. “Commissioner of labor relations” shall mean the officer of a city having a population of […]

24 – Corporation for the Benefit of the City of New York.

§ 24. Corporation for the benefit of the city of New York. 1. Notwithstanding any provision of state or local law, the city of New York is hereby authorized to provide for the creation of a single not-for-profit corporation subject to section fourteen hundred eleven of the not-for-profit corporation law, except to the extent that […]

6-D – Repair Reserve Funds for Municipal Corporations, School Districts, District Corporations and Improvement Districts.

§ 6-d. Repair reserve funds for municipal corporations, school districts, district corporations and improvement districts. 1. The governing board of any municipal corporation, school district, district corporation, or town or county improvement district, may establish a special fund which shall be known as the repair reserve fund of such municipal corporation, school district, district corporation […]

6-E – Contingency and Tax Stabilization Reserve Fund for Municipal Corporations.

§ 6-e. Contingency and tax stabilization reserve fund for municipal corporations. 1. As used in this section: a. “Annual budget” means the annual budget or estimate, as finally adopted, of a municipal corporation which is required by law to adopt an annual budget or estimate of the expenditures to be made for a fiscal year […]

6-G – Capital Reserve Funds for Fire Districts.

§ 6-g. Capital reserve funds for fire districts. 1. As used in this section: a. The term “capital improvement” shall mean: (1) Any physical betterment or improvement or any preliminary studies and surveys relative thereto. (2) Land or rights in land. (3) Any furnishings, equipment, machinery or apparatus for any physical public betterment or improvement […]

6-I – Airport Development and Amortization Funds.

§ 6-i. Airport development and amortization funds. a. There shall be a fund set up for each airport acquired, constructed or maintained by a municipal corporation, which fund shall be known as the “……………. airport development fund”. There shall be paid into such fund all payments for leases, permits or other privileges at such airport, […]

6-J – Workmen’s Compensation Reserve Fund.

§ 6-j. Workmen’s compensation reserve fund. 1. The governing board of any municipal corporation, school district or fire district, which is, or shall hereafter become a self-insurer under the provisions of subdivision four of section fifty of the workers’ compensation law or section thirty of the volunteer firefighters’ benefit law may establish a reserve fund […]

6-K – Electric Utility Depreciation Reserve Funds.

§ 6-k. Electric utility depreciation reserve funds. The governing board of any municipal corporation operating an electric public utility service shall establish solely by appropriations from the revenues of such service, a depreciation reserve fund, the assets of which shall be used solely for, and for no other purpose than, the improvement, extension, or replacement […]

6-M – Unemployment Insurance Payment Reserve Fund.

§ 6-m. Unemployment insurance payment reserve fund. 1. The governing board of any municipal corporation, school district, board of cooperative educational services, or fire district which has elected to become liable for payments in lieu of contributions required of employers liable for contributions under article eighteen of the labor law may establish a reserve fund […]