Section 1601. Statement of purpose

This article is enacted to implement the
  amendment  of  section nine of article one of the state constitution, as
  approved by the vote of the people in the general election of  November,
  nineteen  hundred  sixty-six,  and  to  carry out the mandate thereof by
  establishing a lottery to be operated by the state, the net proceeds  of
  which,  for  the  fiscal  year  commencing April first, nineteen hundred
  seventy-six only, are to be  applied  exclusively  for  the  purpose  of
  providing  aid  to pupils with special educational needs and pupils with
  handicapping conditions. Thereafter, such net proceeds shall be  applied
  for  the  purpose  of  providing supplemental aid to all school children
  pursuant to subdivision  four  of  section  ninety-two-c  of  the  state
  finance  law  so  as  to hold harmless those programs from any reduction
  during the next fiscal year and so as to ensure that thereafter, subject
  to the provisions of paragraph (v) of subdivision three and  subdivision
  five  of  section ninety-two-c of the state finance law and section four
  hundred ninety-five-a  of  article  ten-C  of  the  education  law,  all
  increases  from  the  proceeds  of  the  lottery  shall  be dedicated as
  increases in the funds available for the purpose of this act.