153.94
RESOLUTION AUTHORIZING INTERFUND ADVANCES
RESOLUTION NO.: 153.94
INTRODUCED BY: Mrs. Betty Monahan WHO MOVED ITS ADOPTION
SECONDED BY: Mrs. Carol Pulver
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
40 - Queensbury Water 98 - Water Treatment 2,000.00
Fund Plant Expansion CP
and
BE IT FURTHER,
RESOLVED, that the Town Supervisor, as Chief Fiscal Officer,
is hereby authorized and directed 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 available, and in the case of loans
from funds generated from differing tax bases, the Town Supervisor
shall also determine the amount of interest, if any, to be paid,
upon repayment, with the amount of interest to be equal to the
amount that would have been earned on the investment of moneys in
the Fund making the advance, had the advance not been made.
Duly adopted this 21st day of March, 1994, by the following
vote:
AYES : Mrs. Pulver, Mrs. Monahan, Dr. Wiswall, Mr. Caimano, Mr.
Champagne
NOES : None
ABSENT: None