Section 89-E. Alzheimer's disease assistance fund  


Latest version.
  • 1.  There is hereby
      established in the joint custody of the  commissioner  of  taxation  and
      finance  and  the  comptroller,  a  special  fund  to  be  known  as the
      "Alzheimer's disease assistance fund".
        2. Such fund shall consist of all revenues received by the  department
      of  taxation  and  finance,  pursuant  to  the provisions of section six
      hundred twenty-nine of the tax law and all  other  moneys  appropriated,
      credited,  or transferred thereto from any other fund or source pursuant
      to law.  For each state fiscal year, there shall be appropriated to  the
      fund  by  the  state,  in  addition  to  all other moneys required to be
      deposited into such fund, an amount  equal  to  the  amounts  of  monies
      collected  and  deposited  into the fund pursuant to section six hundred
      twenty-nine of the tax  law  during  the  preceding  calendar  year,  as
      certified by the comptroller. 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.
        2-a. On or before the first day of February each year, the comptroller
      shall  certify  to  the  governor,  temporary  president  of the senate,
      speaker of the assembly, chair of the senate finance committee and chair
      of the assembly ways and means committee, the amount of money  deposited
      in  the  Alzheimer's research fund during the preceding calendar year as
      the  result  of  revenue  derived  pursuant  to  section   six   hundred
      twenty-nine of the tax law.
        3.  Moneys  in  the  Alzheimer's disease assistance fund shall be kept
      separate and shall not be  commingled  with  any  other  moneys  in  the
      custody of the commissioner of taxation and finance and the comptroller.
        4.  The  moneys  in  such fund shall be expended only for the purposes
      spelled out in paragraph (b) of subdivision six of section  twenty-seven
      hundred one of the public health law.
        5.  All  payments  form  such  fund shall be made by the department of
      taxation and finance after audit  and  warrant  of  the  comptroller  on
      vouchers approved by the commissioner of health.