Section 481-F. William B

Hoyt Memorial children and family trust fund. 1.
  There is hereby established in the joint custody of the comptroller  and
  the  commissioner  of  taxation  and  finance  a  separate  and distinct
  account, to be known as the William B. Hoyt Memorial children and family
  trust fund. Such account shall be classified by the  comptroller  as  an
  expendable  trust. Such account shall consist of any moneys appropriated
  to the department for the purposes of the programs  authorized  pursuant
  to  this  article  and  funds  from  any other source, including but not
  limited  to,  federal  funds,  donations   from   private   individuals,
  corporations or foundations, for the implementation of programs provided
  for  in this article. All funds received by the comptroller on behalf of
  the William B. Hoyt Memorial children and family  trust  fund  shall  be
  deposited  by  the  comptroller  to  the  credit  of the William B. Hoyt
  Memorial children and family trust fund. Notwithstanding the  provisions
  of  this  subdivision,  funds  granted to the department pursuant to the
  federal child abuse prevention and treatment act shall not be  deposited
  to  the credit of the William B. Hoyt Memorial children and family trust
  fund.
    2. Donations from private individuals,  corporations,  or  foundations
  deposited  in  the  William B.   Hoyt Memorial children and family trust
  fund may be invested by the comptroller pursuant to  the  provisions  of
  section  ninety-eight-a  of  the state finance law. Any income from such
  investments shall be deposited to the credit  of  the  William  B.  Hoyt
  Memorial children and family trust fund.