265.2001
RESOLUTION AUTHORIZING INTERFUND LOAN
RESOLUTION NO.: 265.2001
INTRODUCED BY: Mr. Daniel Stec
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Theodore Turner
WHEREAS, by Resolution No.: 170,2001, the Queensbury Town Board authorized, among
other things, the purchase of vehicles from the appropriate equipment accounts, and
WHEREAS, the Town Comptroller’s Office has advised that until additional funding is
properly appropriated, an interfund loan is necessary, which interfund loan which will be repaid, and
WHEREAS, in accordance with New York State General Municipal Law §9-A, the
Queensbury Town Board is authorized to temporarily advance moneys held in any fund to any other
fund,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes the Town Comptroller to
temporarily advance a maximum of $105,411 in funds from the General Fund No.: 01 to the Vehicle
Purchase Capital Project Fund No. 128, with the understanding that the Comptroller’s Office may use
its discretion in determining the timing and amounts of the interfund loans, and
BE IT FURTHER,
RESOLVED, that the Town Comptroller shall keep suitable records and arrange for the
repayment of the temporary advances as soon as available and take such other and further action
necessary to effectuate the terms of this Resolution.
th
Duly adopted this 18 day of June, 2001, by the following vote:
AYES : Mr. Martin, Mr. Turner, Mr. Stec, Mr. Brewer, Mr. Brower
NOES : None
ABSENT: NOne