N.Y. State Finance Law § 99-bb*3: New York state secure choice administrative fund

* § 99-bb. New York state secure choice administrative fund. 1. There

is hereby established within the joint custody of the commissioner of

taxation and finance and the state comptroller in consultation with the

New York state secure choice savings program board, a new fund to be

known as the New York state secure choice administrative fund.

2. The New York state secure choice savings program board shall use

moneys in the administrative fund to pay for administrative expenses it

incurs in the performance of its duties under the New York state secure

choice savings program pursuant to article forty-three of the general

business law.

3. The New York state secure choice savings program board shall use

moneys in the administrative fund to cover start-up administrative

expenses it incurs in the performance of its duties under article

forty-three of the general business law.

4. The administrative fund may receive any grants or other moneys

designated for administrative purposes from the state, or any unit of

federal or local government, or any other person, firm, partnership, or

corporation. Any interest earnings that are attributable to moneys in

the administrative fund must be deposited into the administrative fund.

* NB There are 5 § 99-bb's