N.Y. State Finance Law § 98-d: 1332 state innovation program fund

§ 98-d. 1332 state innovation program 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

"1332 state innovation program fund".

2. Such fund shall be kept separate and shall not be commingled with

any other funds in the custody of the state comptroller and the

commissioner of taxation and finance.

3. Such fund shall consist of moneys transferred from the federal

government pursuant to 42 U.S.C. 18052 and an approved 1332 state

innovation program waiver application for the purpose implementing the

state plan under the 1332 state innovation program, established pursuant

to section three hundred sixty-nine-ii of the social services law.

4. Upon federal approval, all moneys in such fund shall be used to

implement and operate the 1332 state innovation program, pursuant to

section three hundred sixty-nine-ii of the social services law, except

to the extent that the provisions of such section conflict or are

inconsistent with federal law, in which case the provisions of such

federal law shall supersede such state law provisions.