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

§ 76-3 BROOME COUNTY CODE § 76-4
§ 76-3. Appointment of Secretary.
The Committee in charge of said plan shall appoint annually a Secretary of said plan. Such
Secretary may hold another position in the county government and perform the duties of
Secretary in addition to such other position.
§ 76-4. Participants in plan; procedure for participation; withdrawal.
A. The County of Broome shall be a participant in the plan. The City of Binghamton and
towns and villages located within the geographical boundaries of Broome County may
elect to become participants of said plan.
B. Procedure. [Amended 8-30-1994 by L.L. No. 15-1994]
(1) Any municipality electing to become a participant shall file a certified copy of a
resolution or ordinance of its governing body electing to become a participant on
or before the first day of August in any year, with membership to be effective on
the first day of January following such election.
(2) Any municipality choosing to become a participant shall provide the Plan
Administrator with a certified list of its past five-year claims history.
(3) Any municipality choosing to become a participant must contribute to the reserve
fund, established pursuant to § 76-8, an amount sufficient to make that
municipality's share of the reserve fund the same proportion as its percentage of
total assessed valuation within the plan.
(4) The plan will not be responsible for any claims accruing before the date a
municipality becomes a participant.
C. Withdrawal. [Amended 8-30-1994 by L.L. No. 15-1994]
(1) Any participant may withdraw from said plan by filing a certified copy of a
resolution or ordinance of its governing body electing to withdraw as a participant
on or before the first day of July in any year with said withdrawal to be effective
on the first day of January following the election.
(2) As a condition for the municipality's withdrawal from the plan, the municipality
shall pay all outstanding claims as they mature together with twenty percent (20%)
of claims paid which represents their share of administrative costs, and the
municipality shall agree to permit the county to withhold the municipality's share
of sales tax revenue in an amount sufficient to pay its outstanding liabilities in any
succeeding year in the event that the municipality fails to pay its outstanding
claims when due.
(3) In lieu of the requirements of subsection C(2), the municipality withdrawing from
the plan shall pay the present value of its total outstanding liabilities, together with
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