Section 79. World Trade Center memorial foundation fund  


Latest version.
  • 1. There is hereby
      established in the sole custody of  the  commissioner  of  taxation  and
      finance  a  special fund to be known as the "World Trade Center memorial
      foundation fund". Monies in the fund shall be kept separate from and not
      commingled with other funds held in the sole custody of the commissioner
      of taxation and finance.
        2. Such fund shall consist of all revenues received by the  department
      of  taxation  and  finance  pursuant  to  the provisions of sections two
      hundred nine-F and six hundred thirty-a of the tax  law  and  all  other
      money appropriated, credited, or transferred thereto from any other fund
      or  source  pursuant  to law. Nothing contained herein shall prevent the
      state from receiving grants, gifts or bequests for the purposes  of  the
      fund  as  defined  in  this  section  and  depositing them into the fund
      according to law.
        3. Monies of the fund shall be expended only for costs associated with
      the construction, installation and operation of the World  Trade  Center
      memorial.  Monies  shall be payable from the fund by the commissioner of
      taxation and finance on vouchers approved by the chairman of  the  board
      of directors of the World Trade Center memorial foundation.