General Municipal Law 106-A — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 106 Withdrawal of retained percentages up ARTICLE 5-A Public Contracts next SECTION 106-B Payment on public work projects Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 106-A Service charge for receiving, handling and disbursing funds and coupons General Municipal (GMU) CHAPTER 24, ARTICLE 5-A § 106-a. Service charge for receiving, handling and disbursing funds and coupons. The fiscal officer of the political subdivision or of a district therein shall impose upon each contractor such service charge for receiving, handling and disbursing funds and coupons pursuant to section one hundred six of this article as the local governing body of the political subdivision may provide by local law or ordinance. Such service charge shall not exceed a reasonable amount which is generally consistent with charges by a bank or trust company for such a service. This section shall not apply where a political subdivision or district therein has entered into an agreement with a bank or trust company pursuant to section one hundred six of this article.