Section 97-SSS. Charter schools stimulus fund

There is hereby established
  in the joint custody of the comptroller and the commissioner of taxation
  and finance a fund to be known as the  charter  schools  stimulus  fund.
  Such  fund  shall  consist  of  all  monies  made  available pursuant to
  appropriation for this purpose, all  monies  transferred  to  such  fund
  pursuant  to  law,  and grants, gifts and devises and donations from any
  public or private source.  The  purpose  of  such  fund  is  to  provide
  discretionary  financial  support, including grants and loans to charter
  school applicants and to charter schools  for  start-up  costs  and  for
  costs  associated  with  the acquisition, renovation, or construction of
  school facilities.