T A B L E O F C O N T E N T S P RT I A ... - Broome County

§ A2302-A BROOME COUNTY ADMINISTRATIVE CODE § A2302-A
acquired shall vest in such Board of Trustees in its own name, and such property shall be
held and used by such Board for college purposes. Title to real property so acquired shall
vest in and be held by the local sponsor in trust for the uses and purposes of the college.
2. The Board shall have the power to sell or lease personal property held in trust by the
Board which is surplus, obsolete or otherwise no longer needed for college purposes.
3. The Board of Trustees shall have the authority to authorize the Treasurer to establish and
maintain petty cash funds, not in excess of $200 each, for specified college purposes or
undertakings from which may be paid, in advance of audit, properly itemized and
verified or certified bills for materials, supplies or services furnished to the college for
the conduct of its affairs and upon terms calling for the payment of cash to the vendor
upon delivery of any such materials or supplies or rendering of such services. A list of all
expenditures made from such petty cash funds shall be presented to the Trustees at each
regular meeting thereof, together with the bills supporting such expenditure, for audit,
and the Board shall direct the reimbursement of such petty cash funds from the
appropriate budgetary item or items in an amount equal to the total of such bills which
the Board shall so audit and allow.
Any such bills or any portion of any such bills as shall be disallowed upon audit shall
be the personal responsibility of the Treasurer, and such Treasurer shall forthwith
reimburse such petty cash fund in the amount of such disallowances.
The Treasurer shall file a report with the County Commissioner of Finance and the
Comptroller, detailing the expenditures in each petty cash fund, within 10 days of the
Board meeting where such expenditures were presented for audit and allowance.
4. The Board shall specifically have the power to contract with other public corporations as
defined in the General Corporation Law or with other public authorities, including but
not limited to the federal government, for purposes of participation in federal student
loan programs; provided, however, that the County shall not be liable for any portion of
any defaults which the Board has agreed to assume pursuant to any such agreement.
5. The Board is not authorized to contract for general attorneys' services or insurance
without the approval of the County; provided, however, that in the event of a conflict of
interest between the County and the college where such conflict is proclaimed by a
majority vote of the Board of Trustees, said Board shall be authorized to employ separate
counsel to represent it at its own expense.
6. The Board shall have the power to appoint a Treasurer, establish a bank account or
accounts in the name of the college and deposit therein moneys received or collected by
the college, including moneys appropriated and paid by the local sponsor, moneys
received from tuition, fees, charges, sales of products and services and from all other
sources. The Board shall have the authority to adopt investment policies which are
consistent with the restrictions on investments imposed by the New York State
Comptroller and other applicable laws.
7. The Board shall have the power to pay salaries and wages.
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