N.Y. State Finance Law § 76: Rail preservation and development fund

§ 76. Rail preservation and development fund. 1. There is hereby

established in the custody of the state comptroller a special fund to be

known as the "rail preservation and development fund."

2. Such fund shall consist of all monies received by the state from

the sale of bonds pursuant to the rail preservation bond act of nineteen

hundred seventy-four and the energy conservation through improved

transportation bond act of nineteen hundred seventy-nine together with

all monies paid to the state by the federal government or a county,

city, town, village, special transportation district, public benefit

corporation, or other public corporation, or two or more of the

foregoing acting jointly, as reimbursement for payments made by the

state pursuant to such acts.

3. Monies of the fund, following appropriation made by the legislature

and allocation by the director of the budget, shall be available only

for reimbursement of the expenditures made from appropriations for the

purposes set forth in the rail preservation bond act of nineteen hundred

seventy-four and the energy conservation through improved transportation

bond act of nineteen hundred seventy-nine.