§ 15-6. Administration of fund.

Latest version.

A.
The Brookhaven Town Supervisor, as Chief Fiscal Officer, is hereby directed to deposit, invest and secure the monies of this capital reserve fund in the manner provided by General Municipal Law §§ 10 and 11. Any interest earned or capital gains realized on the monies so deposited or invested shall accrue to and become part of this capital reserve fund.

B.
This capital reserve fund may be combined in a bank account with other funds, provided that the separate identity of this capital reserve fund shall be maintained and this fund shall be accounted for separately from all other funds.

C.
No expenditure shall be made from the Joseph Macchia Environmental Preservation Capital Reserve Fund except upon authorization of the Town Board by resolution, subject to permissive referendum, pursuant to New York State General Municipal Law § 6.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');