N.Y. State Finance Law § 97-vvv: Universal prekindergarten reserve fund

§ 97-vvv. Universal prekindergarten reserve 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 "universal

prekindergarten reserve fund".

2. Such fund shall consist of moneys transferred from the general fund

pursuant to paragraph f of subdivision ten of section thirty-six hundred

two-e of the education law on behalf of school districts eligible to

receive funds pursuant to such section which do not provide a universal

prekindergarten program or do not serve all aidable pupils in the

current school year. School districts reserving moneys within this fund

shall access such moneys for use in providing a universal

prekindergarten program pursuant to section thirty-six hundred two-e of

the education law based upon a plan approved by the commissioner of

education and the director of the budget. Notwithstanding any provision

of law to the contrary, any funds remaining on deposit in the universal

prekindergarten fund as of September fifteenth, two thousand two shall

be transferred to the general fund.