N.Y. State Finance Law § 97-mm: State park infrastructure fund

* § 97-mm. State park infrastructure fund. 1. There is established in

the joint custody of the state comptroller and the commissioner of

taxation and finance a fund to be known as the state park infrastructure

fund.

2. Such fund shall consist of: (a) revenues received by the state

pursuant to section 13.15 and subdivisions two, two-a and two-b of

section 3.09 of the parks, recreation and historic preservation law

except those revenues required for the support of the patron services

account in the miscellaneous special revenue fund pursuant to

appropriation by the legislature; (b) all revenues received by the state

pursuant to section 13.16 of the parks, recreation and historic

preservation law; (c) all revenues received by the state pursuant to

contracts, leases, licenses and easements entered into by or with the

consent of the commissioner of parks, recreation and historic

preservation pursuant to section 13.06 of the parks, recreation and

historic preservation law; and (d) all other moneys credited or

appropriated for transfer thereto from any other fund or source

according to law.

3. Moneys in the fund, pursuant to appropriation by the legislature

and issuance of a certificate of availability by the director of the

budget, shall be made available for the following purposes: (a) payment

of debt service and related expenses authorized by and incurred pursuant

to section twelve hundred eighty-five-l of the public authorities law;

and (b) payment or reimbursement of costs associated with a state park

infrastructure project as such a project is defined in subdivision

thirty of section twelve hundred eighty-one of the public authorities

law.

4. Moneys in the state park infrastructure fund shall be kept separate

and shall not be commingled with any other moneys in the custody of the

comptroller. All deposits of such moneys shall, if required by the

comptroller, be secured by obligations of the United States or of the

state having a market value equal at all times to the amount of such

deposits and all banks and trust companies are authorized to give

security for such deposits. Any such moneys in such fund may, in the

discretion of the comptroller, be invested in obligations in which the

comptroller is authorized to invest pursuant to section ninety-eight-a

of this article.

5. All payments of moneys from the fund shall be made on the audit and

warrant of the comptroller.

* NB There are 2 § 97-mm's