1432 - Deposit and Disposition of Revenue.

NY Tax L § 1432 (2019) (N/A)
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(b) Distributions made to the Niagara Frontier transportation authority shall be used only for operations of mass transportation services provided by the Niagara Frontier transportation authority within the county of Erie. All such distributions shall be made in accordance with the provisions of a contract between the county of Erie and the Niagara Frontier Transit Metro System, Inc. Such contract may only be amended with the consent of the Niagara Frontier Transit Metro System, Inc. and when authorized by at least a two-thirds vote of the county legislature. 2. Notwithstanding the provisions of subdivision one of this section, on and after the first day of April, nineteen hundred ninety-three, distributions shall be paid into a repair reserve fund established by the county pursuant to section six-d of the general municipal law for the purpose of repair of county roads and bridges within such county.