N.Y. State Finance Law § 97-rrr: School tax relief fund

* § 97-rrr. School tax relief fund. 1. There is hereby established in

the joint custody of the comptroller and the commissioner of taxation

and finance a special fund to be known as the school tax relief fund.

2. Such fund shall consist of all monies credited or transferred

thereto from the general fund or from any other fund or sources pursuant

to law.

3. The monies in such fund shall be appropriated for school property

tax exemptions granted pursuant to the real property tax law and payable

pursuant to section thirty-six hundred nine-e of the education law.

4. All payments from the fund shall be made on the audit and warrant

of the comptroller on vouchers approved by the commissioner of the state

education department.

5. Notwithstanding the provisions of section one hundred seventy-one-a

of the tax law, as separately amended by chapters four hundred

eighty-one and four hundred eighty-four of the laws of nineteen hundred

eighty-one, and notwithstanding the provisions of chapter ninety-four of

the laws of two thousand eleven, or any other provisions of law to the

contrary, during the fiscal year beginning April first, two thousand

twenty-six, the state comptroller is hereby authorized and directed to

deposit to the fund created pursuant to this section from amounts

collected pursuant to article twenty-two of the tax law and pursuant to

a schedule submitted by the director of the budget, up to $1,294,911,000

as may be certified in such schedule as necessary to meet the purposes

of such fund for the fiscal year beginning April first, two thousand

twenty-six.

* NB There are 2 § 97-rrr's