N.Y. State Finance Law § 97-oooo*2: Smart schools bond fund

* § 97-oooo. Smart schools 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 "smart schools

bond fund".

2. The state comptroller shall deposit into the smart schools bond

fund all moneys received by the state from the sale of bonds and/or

notes for uses eligible pursuant to section four of the smart schools

bond act of 2014.

3. Moneys in the smart schools bond fund, following appropriation by

the legislature and allocation by the director of the budget, shall be

available only for reimbursement of expenditures made from

appropriations from the capital projects fund for the purpose of the

smart schools bond fund, as set forth in the smart schools bond act of

2014.

4. No moneys received by the state from the sale of bonds and/or notes

sold pursuant to the smart schools bond act of 2014 shall be expended

for any project until funds therefor have been allocated pursuant to the

provisions of this section and copies of the appropriate certificates of

approval filed with the chair of the senate finance committee, the chair

of the assembly ways and means committee and the state comptroller.

* NB There are 2 § 97-oooo's