Section 97-H. Lake George park trust 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 Lake  George  park  trust
      fund.
        2.  Such fund shall consist of all moneys appropriated for the purpose
      of such fund and all moneys transferred to such  fund  pursuant  to  law
      including  section  43-0125  of  the  environmental conservation law and
      section two thousand two hundred thirty-one of the vehicle  and  traffic
      law.  Any interest earned by the investment of moneys in such fund shall
      be added to such fund, become a part of such fund, and be used  for  the
      purpose of such fund.
        3.  Moneys  of  such  fund  shall  be  available for appropriation and
      allocation only to the Lake George park commission for the  purposes  of
      carrying  out the provisions of article forty-three of the environmental
      conservation law and for the acquisition by the commission  of  integral
      environmental areas and open space resources within the Lake George park
      or  for  grants  to  municipalities or nonprofit land trusts within such
      park for the purposes of such acquisition.
        4. The moneys of the fund shall be paid out on the audit  and  warrant
      of  the comptroller on vouchers certified or approved by the chairman of
      the Lake George park commission or his duly designated representative.
        5. Notwithstanding the provisions of any general or  special  law,  no
      moneys  shall  be  available  from  the  fund  until  a  certificate  of
      allocation and a schedule of amounts to be available therefor shall have
      been issued  by  the  director  of  the  budget,  and  a  copy  of  such
      certificate  filed with the comptroller. Such certificate may be amended
      from time to time by the director of the budget and a copy of each  such
      amendment shall be filed with the comptroller.