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

§ 52-4 RESERVE FUNDS § 52-8
D. The uninsured portion of any loss to property owned by the County of Broome if such
loss is one for which insurance is authorized pursuant to Subdivisions 4, 5, 6, 9, 10 and
12 and Paragraph (A) of Subdivision 7 of § 46 of the Insurance Law, 1 and also,
reimbursement under this subsection shall be in accordance with standard property
insurance loss settlement practices as properly determined by the office of the County
Attorney.
E. Expert or professional services rendered in connection with the investigation, adjustment
or settlement of claims, actions or judgments, pursuant to contractual authorization by the
Board of Acquisition and Contract.
§ 52-5. Expenditure exceptions.
A. Notwithstanding the provisions of § 52-4 of this Article, the county's Manager of Risk
and Insurance may authorize an expenditure from this fund, without judicial approval, for
the compromise or settlement of any claim where the amount of such settlement or
compromise does not exceed $5,000.
B. Notwithstanding the provisions of § 52-4 of this Article, the County Attorney may
authorize an expenditure from this fund, without judicial approval, for the compromise or
settlement of any claim or action where the amount of such settlement or compromise
does not exceed $50,000.
§ 52-6. Expenditure limit.
No expenditure in excess of $50,000 may be made from this fund without the authorization of
the Finance Committee of the County Legislature.
§ 52-7. Accounting.
Where an expenditure from the fund is authorized as provided herein:
A. Payment shall be made upon the audit and warrant of the Comptroller; and
B. Upon such audit and warrant, the Commissioner of Finance shall transfer the amount of
such expenditure from the fund to the appropriate departmental budget line and shall
thereupon debit such expenditure from said budget line.
§ 52-8. Discontinuance.
If, after the establishment of such fund, the County of Broome determines that such fund is no
longer needed, the moneys remaining in such fund may be transferred to any other reserve
fund of the County of Broome authorized by the General Municipal Law that is comprised of
moneys which were raised on the same tax base as the moneys in the reserve fund established
under this Article, only to the extent that the moneys in this fund shall exceed the sum
1. Editor's Note: See now § 1113 of the Insurance Law.
52:3 02 - 01 - 2010