N.Y. State Finance Law § 97-uuu*2: Transportation infrastructure bond fund

* § 97-uuu. Transportation infrastructure 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

"transportation infrastructure bond fund."

2. The comptroller shall establish at least three separate and

distinct accounts within the transportation infrastructure bond fund as

follows, which shall include the following: (a) an account containing

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

uses eligible pursuant to subdivision a of section four of the

Transportation Infrastructure Bond Act of 2000, enacted by a chapter of

the laws of two thousand; (b) an account containing all moneys received

by the state from the sale of bonds and/or notes for uses eligible

pursuant to subdivision b of section four of the Transportation

Infrastructure Bond Act of 2000, enacted by a chapter of the laws of two

thousand; and (c) an account containing all moneys received by the state

from the sale of bonds and/or notes for uses eligible pursuant to

subdivision c of section four of the Transportation Infrastructure Bond

Act of 2000, enacted by a chapter of the laws of two thousand.

3. Moneys in any account of this 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

transportation infrastructure bond fund, as set forth in the

Transportation Infrastructure Bond Act of 2000.

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

sold pursuant to the Transportation Infrastructure Bond Act of 2000

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 chairman of the

senate finance committee, the chairman of the assembly ways and means

committee and the state comptroller.

* NB Not effective due to defeat of the Transportation Bond Act of

2000.

* NB There are 2 § 97-uuu's