Section 97-MM. State park infrastructure fund  


Latest version.
  • 1. There is established in
      the joint custody of the  state  comptroller  and  the  commissioner  of
      taxation and finance a fund to be known as the state park infrastructure
      fund.
        2.  Such  fund  shall  consist  of: (a) revenues received by the state
      pursuant to section 13.15 and  subdivisions  two,  two-a  and  two-b  of
      section  3.09  of  the  parks,  recreation and historic preservation law
      except those revenues required for the support of  the  patron  services
      account   in   the   miscellaneous  special  revenue  fund  pursuant  to
      appropriation by the legislature; (b) all revenues received by the state
      pursuant  to  section  13.16  of  the  parks,  recreation  and  historic
      preservation  law;  (c)  all  revenues received by the state pursuant to
      contracts, leases, licenses and easements entered into by  or  with  the
      consent   of   the   commissioner  of  parks,  recreation  and  historic
      preservation pursuant to section 13.06  of  the  parks,  recreation  and
      historic  preservation  law;  and  (d)  all  other  moneys  credited  or
      appropriated  for  transfer  thereto  from  any  other  fund  or  source
      according to law.
        3.  Moneys  in  the fund, pursuant to appropriation by the legislature
      and issuance of a certificate of availability by  the  director  of  the
      budget,  shall be made available for the following purposes: (a) payment
      of debt service and related expenses authorized by and incurred pursuant
      to section twelve hundred eighty-five-l of the public  authorities  law;
      and  (b)  payment or reimbursement of costs associated with a state park
      infrastructure project as such  a  project  is  defined  in  subdivision
      thirty  of  section  twelve hundred eighty-one of the public authorities
      law.
        4. Moneys in the state park infrastructure fund shall be kept separate
      and shall not be commingled with any other moneys in the custody of  the
      comptroller.  All  deposits  of  such  moneys  shall, if required by the
      comptroller, be secured by obligations of the United States  or  of  the
      state  having  a  market  value equal at all times to the amount of such
      deposits and all banks  and  trust  companies  are  authorized  to  give
      security  for  such  deposits.  Any such moneys in such fund may, in the
      discretion of the comptroller, be invested in obligations in  which  the
      comptroller  is  authorized to invest pursuant to section ninety-eight-a
      of this article.
        5. All payments of moneys from the fund shall be made on the audit and
      warrant of the comptroller.
        * NB There are 2 § 97-mm's