Section 97-FF. Youth centers facility fund  


Latest version.
  • 1. There is hereby established
      in the joint custody of the state comptroller and  the  commissioner  of
      taxation  and  finance a fund to be known as the "youth centers facility
      fund". Such fund shall consist of proceeds from the  issuance  of  bonds
      and  notes  by  the urban development corporation authorized pursuant to
      section five of the chapter of the laws of nineteen hundred ninety which
      enacted this section and all  other  moneys  appropriated,  credited  or
      transferred  thereto  from  any  other  fund  or  source pursuant to law
      including any advance appropriation made thereto by  a  chapter  of  the
      laws of nineteen hundred ninety.
        2. Moneys within the youth centers facility fund shall be held for the
      benefit  of  the youth centers facility fund and shall not be commingled
      with any moneys held within any other account or fund for the benefit of
      the division for youth or other purposes for which such  moneys  may  be
      disbursed by law.
        3.  Amounts  paid  into  the youth centers facility fund shall be made
      available to the division for youth pursuant to an annual  appropriation
      or  appropriations  to  enable  the  division  to  make grants or awards
      pursuant to title three-A of article nineteen-G of the executive law.