§ 6-e. Contingency and tax stabilization reserve fund for municipal\ncorporations. 1. As used in this section:\n a. "Annual budget" means the annual budget or estimate, as finally\nadopted, of a municipal corporation which is required by law to adopt an\nannual budget or estimate of the expenditures to be made for a fiscal\nyear for the general support or for the expenses of the government of\nsuch municipal corporation during such fiscal year.\n b. "Base year" means the most recent fiscal year for which an annual\nreport has been filed with the state comptroller pursuant to section\nthirty of this chapter.\n c. "Chief executive officer" means a chief executive officer as\ndefined in paragraph five-a of section 2.00 of the local finance law.\n d. "Chief fiscal officer" means a chief fiscal officer as defined in\nparagraph five of section 2.00 of the local finance law.\n e. "Eligible portion of the annual budget" means:\n (1) in the case of a contingency and tax stabilization reserve fund\nestablished for a county, city, village or fire district, the general\nfund portion of the annual budget;\n (2) in the case of a contingency and tax stabilization reserve fund\nestablished for a town, the town-wide general fund and highway fund\nportions of the annual budget; and\n (3) in the case of a contingency and tax stabilization reserve fund\nestablished for the part of a town outside any villages, the general\nfund and highway fund portions of the annual budget for such part of the\ntown.\n f. "Estimated revenue" means revenue from a specific source which is\nexpected to be received during a fiscal year and which is included in\nthe annual budget as finally adopted for that fiscal year.\n g. "Governing board" means a governing board as defined in section two\nof this chapter and, in the case of a fire district, shall mean the\nboard of fire commissioners.\n h. "Municipal corporation" means a municipal corporation as defined in\nsection two of this chapter and shall also include a fire district.\n i. "Public emergency" means an epidemic, conflagration, riot, storm,\nflood or other sudden, unforeseen or unexpected occurrence or condition\nwhich requires the immediate expenditure of moneys to protect the public\nhealth, safety or welfare of the inhabitants of the municipal\ncorporation.\n j. "Tentative budget" means the tentative budget prepared pursuant to\nsection three hundred fifty-four of the county law, section one hundred\nsix of the town law or section 5-504 of the village law, the statement\nof expenditures prepared pursuant to section one hundred eighty-one of\nthe town law, or similar document prepared pursuant to general, special\nor local law.\n k. "Unanticipated expenditure" means an expenditure for a specific\npurpose for which there is no or insufficient appropriation or which\nwill cause an appropriation to be insufficient that is necessitated by a\nchange in federal or state laws, rules or regulations, a court order,\njudgement or decree, a public emergency, or an industry-wide price, rate\nor premium increase, which takes effect or occurs after final adoption\nof the annual budget and which could not have been reasonably\nanticipated prior to final adoption of the annual budget.\n l. "Unanticipated revenue loss" means estimated revenue which is\nrendered unreceivable because of a change in federal or state laws,\nrules or regulations, a court order, judgement or decree, or other\ncircumstance, which takes effect or occurs after final adoption of the\nannual budget and which could not have been reasonably anticipated prior\nto final adoption of the annual budget.\n m. "Unappropriated unreserved fund balance" means the difference\nbetween the total assets for a fund and the total liabilities, deferred\nrevenues, encumbered appropriations, amounts appropriated for the\nensuing fiscal year's budget, and amounts reserved for stated purposes\npursuant to law, including reserve funds established pursuant to th
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