Section 88-D. Airport improvement and revitalization fund  


Latest version.
  • 1. There is
      hereby established in the joint custody of the commissioner of  taxation
      and  finance  and  the  comptroller  a  fund to be known as the "airport
      improvement and revitalization fund".
        2. The airport improvement and revitalization fund  shall  consist  of
      moneys  appropriated  thereto, and funds transferred from any other fund
      or  source  including  the  repayment  of  loans  pursuant  to   section
      fourteen-l of the transportation law.
        3.  Moneys in the airport improvement and revitalization fund shall be
      kept separate from and shall not be commingled with any other moneys  in
      the  custody  of  the  commissioner  of  taxation  and  finance  and the
      comptroller. Such moneys shall only be  disbursed  pursuant  to  section
      fourteen-l of the transportation law.