Section 95-G. Department of motor vehicles distinctive plate development fund

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  "department  of motor vehicles distinctive plate
  development fund".
    2. Such fund shall consist of all revenues received  pursuant  to  the
  provisions  of  section  four hundred four-oo of the vehicle and traffic
  law and all moneys appropriated, credited or  transferred  thereto  from
  any  other  fund  or  source  pursuant to law. Nothing contained in this
  section 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.  Moneys  of  the  fund  shall  be  expended  only  for  the design,
  production, advertising and distribution of distinctive  license  plates
  established  pursuant to article fourteen of the vehicle and traffic law
  on or after the effective date of this section, provided, however,  that
  such  moneys  shall  first  be  expended  for the costs of designing and
  producing such distinctive plates. Any revenue derived from the issuance
  of any specific distinctive plate in excess of the amount necessary  for
  its  design  and  production  shall  next be expended for the design and
  production of all other distinctive plates the service charges of  which
  are  deposited  pursuant  to section four hundred four-oo of the vehicle
  and traffic law.
    4. Moneys shall be payable from the fund on the audit and  warrant  of
  the  comptroller  on  vouchers  approved  by  the  commissioner of motor
  vehicles.
    5. To the extent practicable, the commissioner of motor vehicles shall
  ensure that all monies received during a fiscal year are expended  prior
  to the end of that fiscal year.