590.91
RESOLUTION AUTHORIZING INTERFUND ADVANCES
RESOLUTION NO. 590, 1991
, Introduced by Mr. Ronald Montesi who
moved for its adoption, seconded by Mrs. Marilyn Potenza.
WHEREAS, pursuant to Section 9-A of the General Municipal Law
of the State of New York, the Town Board of the Town of Queensbury
is authorized to temporarily advance moneys held in any fund to any
other fund,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes the temporary advance of funds to the accounts or funds
indicated, and in the amounts indicated, as set forth below:
FROM: TO: $ AMOUNT
Queensbury Water Fund Highway Machinery $192,000.00
Fund (#40) Cap. Project (#94)
and
BE IT FURTHER,
RESOLVED, that the Town Supervisor, as Chief Fiscal Officer,
is hereby authorized to arrange for and accomplish the above-
authorized transfers, and temporary advances, and
BE IT FURTHER,
RESOLVED, that the Town Supervisor, as Chief Fiscal Officer,
shall keep suitable records and arrange for the repayment of the
temporary advances as soon as possible, but not later than the
close of the 1991 Town Fiscal Year, and the Town Supervisor shall
also determine the amount of interest, if any, to be paid, upon
repayment in accordance with Section 9-A of the General Municipal
Law.
Duly adopted this 7th day of November, 1991, by the following
vote:
AYES : Mr. Kurosaka, Mrs. Potenza, Mr. Montesi, Mrs. Monahan,
Mr. Borgos
NOES : None
ABSENT: None