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

§ A503 BROOME COUNTY ADMINISTRATIVE CODE § A505
(B) In addition to the foregoing, the statement of financial condition shall:
(1) Set forth all revenues received by the County.
(2) Set forth for each appropriation account the amount appropriated, the amount
encumbered but remaining unexpended, the aggregate expenditures and the
unencumbered balance.
(3) Include such other information as the County Executive may order or the County
Legislature by resolution may direct.
§ A504. Rules and regulations.
The Commissioner of Finance may, except where otherwise provided by law, make rules and
regulations relative to the conduct of his Department. The rules and regulations shall not be
effective until they have been approved by the County Executive and filed with the Clerk of
the County Legislature.
§ A505. Depositary undertakings.
(A) Each depositary designated by the County Executive pursuant to § C302(F) of Article III
of the Charter shall, for the benefit of the security of the County and before receiving any
such deposit, give to the County a good and sufficient undertaking approved as to the
sufficiency of surety by the County Executive and as to form by the County Attorney.
An undertaking shall:
(1) Specify the amount which the Commissioner of Finance shall be authorized to
have on deposit at any one time with such depositary.
(2) Ensure that the depositary shall faithfully keep and pay over, in the order or
warrant of the Commissioner of Finance or other lawful authority, such deposits
and in the agreed interest thereon.
(3) Provide for the payment of bonds or coupons as by their terms are made payable at
a bank or banks for the payment of which a deposit shall be made by the
Commissioner of Finance with such depositary.
(B) The County Executive may increase the amount which any depositary is authorized to
have on deposit at any one time and require additional undertaking therefor. The
Commissioner of Finance shall file each undertaking with the Comptroller.
(C) In lieu of each undertaking, a depositary may execute its own undertaking in such form
as is approved by the County Attorney and upon such conditions as may be prescribed
by law and, as collateral thereto, shall deposit with the Commissioner of Finance
outstanding unmatured bonds or other obligations of the United States of America, the
State of New York or of any County, town, city, village or school district in the State of
New York authorized to be issued by law in the face amount at all times at least equal to
the amount on deposit less the amount certified by the depositary as covered by
insurance under the Federal Deposit and Insurance Act. The collateral shall be approved
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