Section 97-O. Pine Barrens 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 Pine Barrens 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.
  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  to  the  Central  Pine  Barrens  joint  planning  and policy
  commission for the purposes of carrying out the  provisions  of  article
  fifty-seven  of  the  environmental conservation law and the Long Island
  Pine Barrens maritime reserve  council  including  for  the  purpose  of
  compensation  for the acquisition of conservation easements, development
  rights and fee interest in real property.
    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 chair of the
  Central  Pine  Barrens  joint planning and policy commission of the Long
  Island Pine Barrens maritime reserve council.