Section 89-D. Motor vehicle theft and insurance fraud prevention fund  


Latest version.
  • 1.
      There is hereby established in the custody of the comptroller, a special
      fund to be known  as  the  "motor  vehicle  theft  and  insurance  fraud
      prevention fund".
        2.  Such  fund  shall  consist  of  all  moneys  received by the state
      pursuant to subsection (b) of section nine thousand one hundred  ten  of
      the insurance law that are transferred to the fund pursuant to paragraph
      one  of  subsection  (e) of section nine thousand one hundred ten of the
      insurance  law  and  all  other  grants,  bequests   or   other   moneys
      appropriated,  credited  or  transferred  thereto from any other fund or
      source pursuant to law.
        3. Moneys in the motor vehicle theft and  insurance  fraud  prevention
      fund  shall  be kept separate and apart and shall not be commingled with
      any other moneys in the custody of the comptroller  and  shall  only  be
      expended  herein  and in such amounts as approved by the division of the
      budget.
        4. The moneys received by such fund  shall  be  expended  pursuant  to
      appropriation  only  to  fund  provider agencies which have been awarded
      grants by the motor vehicle theft and insurance fraud  prevention  board
      established  pursuant  to  section  eight  hundred  forty-six-l  of  the
      executive law. All moneys expended pursuant to this subdivision shall be
      for the reimbursement of costs incurred by provider agencies.