N.Y. State Finance Law § 97-aaa: Clean water/clean air bond fund

§ 97-aaa. Clean water/clean air bond fund. 1. There is hereby

established in the joint custody of the state comptroller and the

commissioner of taxation and finance a special fund to be known as the

"clean water/clean air bond fund".

2. The comptroller shall establish the following separate and distinct

accounts within the clean water/clean air bond fund: (a) safe drinking

water account; (b) clean water account; (c) solid waste account; (d)

environmental restoration account; and (e) air quality improvement

account.

3. All moneys received by the state from the sale of bonds or notes

for the purpose of the clean water/clean air bond fund shall be

deposited by the comptroller into the clean water/clean air bond fund

established pursuant to this section.

4. Moneys in this fund, following appropriation by the legislature and

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

the reimbursement of expenditures made from appropriations from the

capital projects fund for the purposes set forth in the Clean

Water/Clean Air Bond Act of 1996.