N.Y. State Finance Law § 97-hh: Tuition reimbursement fund

§ 97-hh. Tuition reimbursement fund. 1. There is hereby established in

the joint custody of the comptroller and the commissioner of taxation

and finance a fund to be known as the "tuition reimbursement fund".

2. There is hereby established in the joint custody of the comptroller

and the commissioner of taxation and finance two accounts of the tuition

reimbursement fund to be known as:

(a) the "tuition reimbursement account": for reimbursement of tuition

to certain students of proprietary vocational schools pursuant to

article one hundred one of the education law; and

(b) the "proprietary vocational school supervision account": for

services and expenses related to the supervision of proprietary

vocational schools pursuant to article one hundred one of the education

law.

3. (a) Notwithstanding any other law, rule, or regulation to the

contrary, the state comptroller is hereby authorized and directed to

receive for deposit to the credit of the accounts established in

subdivision two of this section moneys collected pursuant to article one

hundred one of the education law including, but not limited to, all

fees, assessments, penalties, fines, and settlements relating to the

supervision of proprietary vocational schools received after April

first, nineteen hundred ninety pursuant to such article and all other

moneys credited or transferred to such accounts from any other fund or

source pursuant to law.

(b) The comptroller is hereby authorized and directed to permit

interest earnings on any account balances on accounts established in

subdivision two of this section to accrue to the benefit of each of the

accounts.

4. Monies of the accounts established in subdivision two of this

section, following appropriation by the legislature, shall be available

to the education department and may be expended pursuant to article one

hundred one of the education law. Monies shall be paid out of such

accounts on the audit and warrant of the state comptroller pursuant to

such article.