N.Y. State Finance Law § 96: The World Trade Center memorial scholarship fund

§ 96. The World Trade Center memorial scholarship fund. 1. There is

hereby established, in the joint custody of the commissioner of taxation

and finance and the comptroller, a special fund to be known as the World

Trade Center memorial scholarship fund.

2. Such fund shall consist of all revenues received pursuant to the

provisions of section four hundred four-ee of the vehicle and traffic

law and all other moneys appropriated, credited, or transferred thereto

from any other fund or source pursuant to law. Nothing contained in this

section shall prevent the state from receiving grants, gifts, or

bequests for the purposes of the fund, as defined in this section, and

depositing them into the fund according to law.

3. Monies of the fund shall be expended only for scholarships awarded

pursuant to sections six hundred eight and six hundred sixty-eight-d of

the education law.

4. Monies shall be payable from the fund on the audit and warrant of

the comptroller on vouchers approved and certified by the commissioner

of education.

5. To the extent possible, the commissioner of education shall ensure

that all monies received during a fiscal year are expended prior to the

end of that fiscal year.