N.Y. General Municipal Law Section 6-I
Airport development and amortization funds

a.

There shall be a fund set up for each airport acquired, constructed or maintained by a municipal corporation, which fund shall be known as the “................ airport development fund”. There shall be paid into such fund all payments for leases, permits or other privileges at such airport, received prior to its construction or to the commencement of its operation. All moneys paid into such fund shall be used solely for the acquisition, construction or physical development of such airport.

b.

There shall be a fund set up for each airport hereafter acquired or constructed by a municipal corporation, which fund shall be known as the “................ airport amortization fund”. There shall be paid into such fund all revenues derived from the operation of such airport except parking fees, sightseeing fees and rentals derived from leases of real property at such airport not used exclusively for air transportation operations. The moneys paid into such fund shall be applied to the payment of interest on and the retirement of any outstanding indebtedness incurred for the acquisition and construction of such airport but any balance remaining beyond the amount required for such purposes shall be paid into the general fund of such municipal corporation for general municipal purposes.

Source: Section 6-I — Airport development and amortization funds, https://www.­nysenate.­gov/legislation/laws/GMU/6-I (updated Sep. 22, 2014; accessed Apr. 27, 2024).

3
Compensation for property of a municipal corporation, school district or district corporation taken by eminent domain 3‑A
Rate of interest on judgments and accrued claims against municipal corporations 3‑B
Limitation on real estate tax in New York city 3‑C
Limit upon real property tax levies by local governments 4
Investigation of expenditures of towns and villages 5
Payment of fines, civil penalties, rent, rates, taxes, fees, charges and other amounts by credit card 5‑A
Electronic or wire transfers 5‑B
Collection of fines, civil penalties, rent, rates, taxes, fees, charges and other amounts via the internet 6‑C
Capital reserve funds for counties, cities, villages, towns and sewer and water improvement districts 6‑D
Repair reserve funds for municipal corporations, school districts, district corporations and improvement districts 6‑E
Contingency and tax stabilization reserve fund for municipal corporations 6‑F
Snow and ice removal and road repair reserve funds for municipal corporations 6‑G
Capital reserve funds for fire districts 6‑H
Reserve fund for payment of bonded indebtedness in counties, cities, villages, towns and fire districts 6‑I
Airport development and amortization funds 6‑J
Workmen’s compensation reserve fund 6‑K
Electric utility depreciation reserve funds 6‑L
Mandatory reserve fund for municipal corporations, fire districts and school districts 6‑M
Unemployment insurance payment reserve fund 6‑N
Insurance reserve fund 6‑O
Solid waste management facility reserve funds 6‑P
Employee benefit accrued liability reserve fund 6‑Q
Intermunicipal agreement for a joint capital reserve fund in the county of Tompkins 6‑R
Retirement contribution reserve funds 1 6‑S
Community preservation funds 6‑T
Charitable gifts reserve fund 6‑U
Charitable gifts reserve fund 6‑V
Asset forfeiture escrow fund 7
Payment of municipal bonds 8
Application of revenues of a public improvement or part thereof, or service 9
Use of tax moneys raised outside constitutional tax limit 9‑A
Inter-fund advances 10
Deposits of public money 11
Temporary investments 12
Deposits of public authorities, public benefit corporations and other corporations 20
Special population census: population data 21
Cancellation of unpaid checks or drafts 22
Claims against fire insurance proceeds 23
Flexible benefits program 24
Corporation for the benefit of the city of New York 25
Treatment of capital costs and certain fund balances of the city of New York
Green check means up to date. Up to date

Accessed:
Apr. 27, 2024

Last modified:
Sep. 22, 2014

§ 6-I’s source at nysenate​.gov

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