N.Y.
State Finance Law Section 97-MM
State park infrastructure fund
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 Public Authorities Law § 1285-L (State park infrastructure projects)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 Public Authorities Law § 1281 (Definitions)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 § 98-A (Investment of general funds, bond proceeds, and other funds not immediately required)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
Source:
Section 97-MM — State park infrastructure fund, https://www.nysenate.gov/legislation/laws/STF/97-MM (updated Sep. 22, 2014; accessed Oct. 26, 2024).
