N.Y. Navigation Law § 179: New York environmental protection and spill compensation fund

§ 179. New York environmental protection and spill compensation fund.

1. The New York environmental protection and spill compensation fund is

hereby established as a nonlapsing, revolving fund in the department of

audit and control to carry out the purposes of this article.

2. Two separate accounts are hereby established within the fund

established by subdivision one of this section:

(a) An account which shall be credited with all license fees and

penalties collected pursuant to paragraph (b) of subdivision one and

paragraph (a) of subdivision four of section one hundred seventy-four of

this article except as provided in section one hundred seventy-nine-a of

this article, the portion of the surcharge collected pursuant to

paragraph (d) of subdivision four of section one hundred seventy-four of

this article, penalties collected pursuant to paragraph (b) of

subdivision four of section one hundred seventy-four-a of this article,

money collected pursuant to section one hundred eighty-seven of this

article, all penalties collected pursuant to section one hundred

ninety-two of this article, and registration fees collected pursuant to

subdivision two of section 17-1009 of the environmental conservation

law.

(b) An account which shall be credited with all surcharges collected

pursuant to paragraph (c) of subdivision one and paragraph (b) of

subdivision four of section one hundred seventy-four of this article. In

addition, such account shall be credited with funds from the account

established by paragraph (a) of this subdivision in an amount equal to

two and three-quarters cents multiplied by the number of barrels of

petroleum subject to the provisions of paragraph (d) of subdivision four

of section one hundred seventy-four of this article. The amount so

credited shall not exceed the amount equal to two and three-quarters

cents multiplied by the number of barrels which would have been subject

to the provisions of such paragraph (d) during the state fiscal year

ending March thirty-first, nineteen hundred ninety-nine.

Interest received on moneys in each account in the fund shall be

credited to that account, respectively.