N.Y. State Finance Law § 90: New York state department of transportation highway safety program fund

§ 90. New York state department of transportation highway safety

program fund. 1. There is hereby established in the joint custody of the

commissioner of taxation and finance and the comptroller a fund to be

known as the "New York state department of transportation highway safety

program fund".

2. The fund shall consist of (a) all fines or penalties collected in

proceedings in a court or administrative tribunal which results in a

conviction for a violation of section fourteen-f or subdivision two of

section one hundred forty of the transportation law, and (b) all moneys

deposited into the fund by the commissioner of transportation resulting

from revenue contracts for parkway towing and emergency road services,

lease income, gas station net revenue, and sale of property or assets on

parkways designated in law as special parkways.

3. Moneys in the New York state department of transportation highway

safety program fund may be invested by the comptroller pursuant to the

provisions of section ninety-eight-a of this article and any income

received by the comptroller from such investments shall be added to and

become part of, and shall be used for the purposes of such fund. All

deposits of such money shall, if required by the comptroller, be secured

by obligations of the United States or of the state of market value

equal at all times to the amount of the deposit and all banks and trust

companies are authorized to give such securities for such deposits.

4. Moneys of the fund, following appropriation by the legislature,

shall be allocated upon a certificate of approval of availability by the

director of the budget solely for the purposes set forth in this

section.

5. Fifty percent of the moneys in the fund received pursuant to

section fourteen-f or subdivision two of section one hundred forty of

the transportation law shall be transferred to the general fund of the

state on or before the last day of the state's fiscal year. All other

moneys in the fund shall be made available pursuant to appropriation

for, but not limited to, administration and enforcement of the highway

safety program and related purposes, including, but not limited to, the

purchase of highway safety equipment.