§ 365. Contingent funds.

321 words·~1 min read·/ny/county/finance/365

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

§ 365. Contingent funds. 1. The budget officer may, and shall when

required by resolution of the board of supervisors, include in the

tentative budget an amount recommended as necessary to be appropriated

for a general contingent fund. The amount which may be appropriated for

such purpose shall not exceed the sum of thirty-five thousand dollars

plus a sum not exceeding three per centum of the amount by which the

total amount of the estimated expenditures for general county purposes

for the ensuing fiscal year, exclusive of the amounts appropriated to

pay debt service, is in excess of five hundred thousand dollars.

2. The board of supervisors by resolution may at any time appropriate

all or any part of the moneys in the general contingent fund for general

county purposes pursuant to section three hundred sixty-three.

3. Whenever taxes to meet appropriations for a county purpose may be

raised only upon taxable real estate in a district or area less than the

area of the county, the budget officer may, and shall when required by

resolution of the board of supervisors, include in the tentative budget

an amount recommended as necessary to be appropriated for a contingent

fund for such purpose. The amount appropriated for any such contingent

fund:

(a)Shall not exceed ten per centum of the total of the amounts

otherwise appropriated for the purpose for which such fund is

established; and

(b)Shall be raised by a tax levied only upon such real estate as

shall be liable to taxation for the purpose for which such fund is

established.

4. The board of supervisors by resolution pursuant to section three

hundred sixty-three may at any time appropriate all or any part of the

moneys in a contingent fund established pursuant to subdivision three of

this section for the purpose for which the contingent fund was

established. Moneys in the contingent fund shall be used for no other

purpose.