Section 97-GG. Division for youth facilities improvement fund

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 "division
  for youth facilities improvement fund". Such fund shall consist  of  the
  proceeds  from  the issuance of bonds and notes by the urban development
  corporation authorized pursuant to 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. Moneys within the division for youth facilities
  improvement fund shall be held solely for the benefit  of  the  division
  for youth.
    2.  All  moneys  in the division for youth facilities improvement fund
  shall be made available to the division for youth pursuant to an  annual
  appropriation or appropriations.