Section 97-D. Environmental quality bond act fund  


Latest version.
  • 1. There is hereby
      established in the custody of the state comptroller and the commissioner
      of  taxation  and  finance  a  special  fund,  to  be   known   as   the
      "environmental quality bond act fund".
        2.  The comptroller shall establish two separate and distinct accounts
      within the environmental quality bond  act  fund;  (a)  hazardous  waste
      remediation  and municipal solid waste landfill closure account; and (b)
      forest   preserve,   historic   preservation,   municipal    park    and
      environmentally sensitive lands account.
        3.  All  moneys  received by the state from the sale of bonds or notes
      for  the  purpose  stated  in  paragraph  a  of  section  four  of   the
      environmental  quality  bond act of nineteen hundred eighty-six shall be
      deposited by the comptroller in  the  hazardous  waste  remediation  and
      municipal  solid  waste  landfill  closure  account  established  by the
      comptroller pursuant to  the  provisions  of  subdivision  two  of  this
      section.
        4.  All  moneys  received by the state from the sale of bonds or notes
      for  the  purpose  stated  in  paragraph  b  of  section  four  of   the
      environmental  quality  bond act of nineteen hundred eighty-six shall be
      deposited  by  the  comptroller  in  the   forest   preserve,   historic
      preservation, municipal park and environmentally sensitive lands account
      established by the comptroller pursuant to the provisions of subdivision
      two of this section.
        5.  Moneys in any account of this fund, following appropriation by the
      legislature and allocation by the  director  of  the  budget,  shall  be
      available   only   for  the  reimbursement  of  expenditures  made  from
      appropriations from the capital projects fund for  the  purpose  as  set
      forth  in  the  environmental  quality  bond  act  of  nineteen  hundred
      eighty-six.